As IoT adoption continues to increase over the next few years, new opportunities will arise for companies to track and measure how customers are consuming products and services.
SaaS Platforms
Companies interested in monetizing the IoT should implement a SaaS platform that provides flexibility and has been optimized for IoT business models. In addition to enabling companies to capture, analyze and quantify the massive volume of data generated by connected devices, SaaS platforms provide agility. Agile monetization solutions can be operated in real time and are scalable, extensible and configurable, which means they can be rapidly deployed in a variety of ways across industries. For companies that want to seamlessly bill transactions and recognize the associated revenue, having a flexible and agile SaaS platform in place is absolutely critical.