Business Cases For IoT

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This topic contains 2 replies, has 2 voices, and was last updated by Mazlan Abbas Mazlan Abbas 1 week, 6 days ago.

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  • #6293
    Mazlan Abbas
    Mazlan Abbas
    Keymaster

    Ted Chan interestingly highlighted one of the hottest topic surrounding IoT.

    How do we make money out of IoT? Where’s the money? Which industry is the top money spender and maker? How much money can we make? Are we ready?

  • #6325
    Norzal Ghazali
    norzal ghazali
    Participant

    commercially many ways we can money… same as the other IT solution that we presented…. however, IOT is a bit different; in such we can do the charging based on results-based. E.g. when doing IOT for predictive analysis; we can share the savings that is derived from the analysis done from the IOT data collected….

    • #6598
      Mazlan Abbas
      Mazlan Abbas
      Keymaster

      Yes, it goes beyond service-based business model but outcome-based business model.

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