Home > Uncategorized > Where’s the profit in the internet of things? Hint: not in the things

Where’s the profit in the internet of things? Hint: not in the things

Gigaom

If you’re in the internet of things arena, you probably have some sort of gizmo to sell. Good for you. But the real revenue model lies, not surprisingly, in associated ongoing services, not the “thing” itself.

“The greatest opportunity in the internet of things is transforming a product business into a service business. Once a static product is connected, it becomes a service opportunity,” said Jahangir Mohammed, CEO of Jasper, which offers its own IOT management technology used by ABB, Starbucks and others and also manages and brokers agreements between service providers. Jahangir spoke at Gigaom’s Structure Connect 2014 event on Wednesday.

When it comes to the arena, tangible products — fitness trackers, home sensors — are trojan horses to get customers interested and hooked. But a one-off sensor has limited value. Aggregating the data from that sensor with other collection points in your home, on your commute to work, so…

View original post 117 more words

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: