Building New Business Models for the Internet of Things

March 1, 2016

By facilitating real-time data gathering and analysis, the Internet of Things (IoT) is disrupting existing business models. The influence of the IoT spans a wide range of industries, and it is set to make a bigger impact on the way organizations conduct business than any other recent technological revolution. Organizations that recognize the potential of the IoT and strategize accordingly stand to gain immense long-term benefits from the investment. However, it is not the magnitude of the investment that will determine the long-term success of the organization. Instead, what the organization invests in and how it changes the way it does business is what will make for competitive advantage. This paper explores the two sets of organizations that participate in an IoT ecosystem — the primary and the secondary. It also discusses ways in which primary as well as secondary participants can benefit from an IoT economy.

Spotlight

Symplio

The Symplio platform is the core product of the company. The platform provides a number of services and tools facilitating companies with Internet-connected products to manage them and integrate them into their business operation.Symplio also provides consulting services for transforming traditional products from different industries (fashion, toys, furniture, appliances, technical equipment) into Internet-enabled products that can be managed and monitored remotely.This is our vision of the Internet of Things, and how our platform can help your company shift from product to Product + Service = Experience.

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