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Defining IoT business models

Defining IoT business models

Posted by IoT Now MagazineAugust 14, 2017

With a current market valuation of 900bn , the potential for IoT is huge but many businesses are still grappling with how it can benefit their organisation and how exactly to get started.

Monetising IoT investments, maximising IoT skills and addressing IoT security

Canonical, the company behind Ubuntu Core, recently surveyed over 360 IoT professionals to examine their current and future challenges plus opportunities that exist for organisations looking to become IoT ready.

53% believe that quantifying ROI and providing a clear use case is their most immediate challenge in adopting IoT

68% of professionals are struggling to hire employees with IoT skills

57% believe the security of IoT devices should be a joint responsibility

This report from Canonical looks at three key elements that businesses need to consider including how they can monetise the internet of things in the long term, what skills they need and where to find them and finally, how to address fundamental security considerations.
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