Samsung Electronics announced Samsung Artik Cloud Monetization for the Internet of Things (IoT), a new service to monetise the data shared by IoT devices and enable an IoT data economy. Device manufacturers and service providers can tap into an open ecosystem and create service plans that generate revenue directly from the interactions of devices and services.
With this data monetisation model, device manufacturers can take advantage of Samsung Artik Cloud’s interoperability features to generate new revenue streams and implement new business models, such as hardware as a service. With this platform, device manufacturers can shift their operating model from selling hardware to selling hardware products connected to digital applications.
Source: https://www.telecompaper.com/news/samsung-launches-data-monetisation-platform-for-iot--1206271