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Monetizing IoT Data Is The Next Step In A Connected Economy

Monetizing of IoT data is the next evolution in the growing connected economy. As the data continues to grow exponentially, it will enable the IoT players to sell & exchange their data. In other terms, a concept where enterprises change their business model from Sell and Forget to Connect and Improve. An open ecosystem where device manufacturers and service providers can directly generate revenue from the interactions of devices & services. Let’s have a look at a few examples which will precisely explain how this monetizing of data can work for different business.

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