The IoT and connected devices are opening a whole new world of business models and smart data-driven services. Products are transitioning to services and monetization models are changing in all industries like medical, telecommunications, manufacturing and others.
In this post-sale economy where recurring revenue is key, suppliers need to reconsider their revenue models and monetize what matters. Measuring usage, understanding customer behavior, and enabling monetization models that align perfectly with customer value are differentiating factors.
Intelligent device manufacturers looking to shift their business model to software