Although the IoT is providing businesses with a whole new platform upon which they can build innovative business models, many companies do not know, how to make a return on their investment with this disrupting new technology, a study reveals.
Profit will be increasingly driven through services and software – which are also potential monetisation routes for owner/operators of IoT devices – image courtesy of Pixabay Many vendor companies will continue to profit through hardware sales, and as it stands, 55% of IoT professionals see their profits as coming from the…
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