As the internet of things matures, it will drive new operational strategies that are focused on generating recurring revenue where the product itself becomes a vehicle to continuous service delivery.
In this whitepaper we take a look at the revenue generating potential of the IoT:
- There is tremendous opportunity for business growth in the IoT market, with a potential to generate revenue of as much as $19 trillion over the next decade.
- The IoT provides the framework for new results-based business models, where the perceived value that a product or service produces gains traction over the face value, creating what many are referring to as the “outcome economy”.
- Software-driven services, innovations in hardware, and increased visibility into products, processes, customers and partners will put pressure on business providers to reassess the value proposition of device connectivity.
Download our latest paper now to see if your back-office is adaptable to the new realities of the IoT and outcome economy.