The Internet of Things (IoT) is projected to hit $8.9 trillion (yes, trillion!) in annual sales by 2020. New pricing schemes that leverage IoT’s data centricity poise societal buying shifts as big as the ones caused by the IoT itself. In this age, recurring revenue models will be a foundation for how people buy.
The yardstick for success will be retaining satisfied customers for longer periods of time. To take advantage ask yourself, “How can my company make changes to support these new recurring revenue models to effectively monetize the Internet of Things?”
Start by downloading The Big Book of MoT ™: Making the Most of the Monetization of Things for more on how to maximize and monetize the IoT, including:
Featuring insights from experts and analysts, The Big Book of MoT ™ provides you with information to help grow your business for years to come.
With over 50 billion connected devices expected by 2020, the Internet of Things will be increasingly complicated. Getting it right from the onset will be imperative.
Download The Big Book of MoT ™ today.