The shift to the usage economy is on the rise across countless industries worldwide, as companies move away from old, cookie-cutter paradigms and mine assets to monetize budding revenue opportunities. The traditional subscription economy that locks customers into long-term relationships will increasingly be a death trap for companies that refuse to innovate with usage-based billing models.
Topics: usage-based billing
In a recent KPMG survey of technology industry business leaders it was predicted that Cloud computing and the Internet of Things (IoT) are to be two of the most disruptive technologies which will drive business transformation in the enterprise over the next three years in the United States.
Service Providers need to include monetization tools as part of their overall IoT solution to enterprises
Topics: Internet of Things
By all accounts, the Internet of Things (IoT) is still in its early days. Analyst firm Gartner predicts more than 26 billion devices will be connected by 2020. IDC is even bolder, predicting nearly double that amount in the same timeframe. This is happening both on the consumer side of IoT, as new devices such as refrigerators and home security systems come online, and in the traditional machine-to-machine (M2M) communications space, which can be referred to as the B2B IoT.