Friday, 23 October 2015

The internet of things

2. The internet of things

The internet of things

The combination of data streams and services created by digitizing everything creates four basic usage models ? manage, monetize, operate and extend. These four basic models can be applied to any of the four "internets."

Enterprises should not limit themselves to thinking that only the Internet of Things (IoT) (assets and machines) has the potential to leverage these four models. For example, the pay-per-use model can be applied to assets (such as industrial equipment), services (such as pay-as-you-drive insurance), people (such as movers), places (such as parking spots) and systems (such as cloud services). Enterprises from all industries can leverage these four models.

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