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The Internet of Things (IoT) is projected to hit $8.9 trillion (yes, trillion!) in annual sales by 2020. New pricing schemes that leverage IoT’s data centricity poise societal buying shifts as big as the ones caused by the IoT itself. In this age, recurring revenue models will be a foundation for how people buy. The yardstick for success will be retaining satisfied customers for longer periods of time. To take advantage ask yourself, “How can my company make changes to support these new recurring revenue models to effectively monetize the Internet of Things?” Start by downloading The Big Book of MoT ™: Making the Most of the Monetization of Things for more on how to maximize and monetize the IoT, including:
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