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.
Measuring and Monitoring
Determine what you will measure and monitor transactional details.
In order to monetize the IoT effectively, companies need to ensure they’re measuring and monitoring the right information for the product or service developed. With the correct IoT billing engine in place, usage data from smart, connected products can be transformed into monetizable events (being rated in real time) to support pricing models on IoT-enabled products and services.