IoT-driven Business Models for ICT and Non-ICT Companies, Forecast to 2020

Support for Improved Internal Processes, Top Line Figures and Shareholder Value Galvanizes Enterprise Adoption of IoT-driven Models
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Published: 1 Mar 2016

The need for enterprises to differentiate themselves from their competitors has become increasingly important. As we continue to witness the emergence of new products and services around us, the emergence of IoT has opened up opportunities with new business models that were not possible before. Connectivity plays a central role because without it, it will not be possible for enterprises to develop new business models. However, IoT has greater value than connecting devices and ubiquitous objects to the Internet. Enterprises have so far confined the use of data to enhance internal processes; which is of limited value in driving their top line figure and generating shareholders’ value.

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