How to create a successful IoT business model – insights from early innovators

How to create a successful IoT business model - Cover

In short

  • Thousands of smart connected IoT products were introduced to the market in the last 6 years 
  • IoT Analytics published a comprehensive 189-page report studying the success factors of early IoT business model innovators such as iRobot, thyssenkrupp Elevators, and Caterpillar 
  • An overwhelming 61% of study participants claim a competitive advantage thanks to the IoT solution. This article highlights 6 insights from the report. 

Why it matters

  • Smart Connected IoT products are disrupting the dynamics of entire industries 
  • The study provides quantitative data to support OEMs and their technology vendors in decision-making on IoT business models and commercialization 

Less than 6

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