The Internet of Things (IoT) is creating an exciting new ecosystem for companies to disrupt existing markets, create new monetisation opportunities and rewrite the rules of the game. The key to monetising IoT, however, lies in quickly identifying the right layer for your business to operate within the IoT value chain and selecting the business model which can deliver a compelling value proposition to your customers. In order to reap the benefits of IoT, businesses also need to embrace digital transformation, invest in new support systems capabilities and comply with newer standards.
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