The Internet of Things (IoT)

The Internet of Things (IoT) continues to evolve at a rapid rate, right in front of our very eyes. I have previously mentioned figures on connectivity but supposedly, by 2017, there will be an estimated 90M people who will be living in smart homes run and managed predominantly by IoT. The last figure I read estimates that there will be 50B connected devices by 2020.

But there are challenges for corporates trying to get a foothold in this sector, especially when it comes building a recurring revenue model that allows them to stay agile, respond to the market, and scale products quickly and successfully.

IoT is clearly the near future of business NOW. But as we quickly progress into our increasingly digitized world, one that concentrates on connections — wireless, virtual, etc. — it’s super critical to focus on a solid business model that will ensure business gets a smart start on the right track.

The key to this is Monetising the Internet of Things to understand:

• How, if done right, IoT could mean massive growth opportunities for a business model
• How to successfully conquer the challenges of integrating products and services
• How companies at the forfront have built powerful business models

About the Author

My name is Mike Davis and I have been managing and supporting transformational change within major corporates for over 20 years. I am a keen contributor to the digital agenda and would be very interested in supporting and advising on successfully delivering business transformation change programs. Feel free to review my LinkedIn profile and should you wish to have a brief confidential discussion, a project or program review or engagement for a bid or program delivery please do not hesitate in contacting me.

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