As organisations move from pilots and trials into larger scale deployment, monetisation of the Internet of Things (IoT) is being given far greater attention. That attention critically must cut across the entire business and engage all stakeholders because IoT monetisation means complete business transformation that will turn traditional business models on their head, turning products into services. Early cost saving projects are a red herring; the real IoT deal is IoT transformation.
The author, Mohsen Mohseninia, is vice president of market development for Europe at Aeris
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