Samsung Sets out to Monetize IoT Data with ARTIK

In a recent release, Samsung has announced the Samsung ARTIK Cloud Monetization for the Internet of Things (IoT), a new service to monetize the data shared by IoT devices and enable an IoT data economy. For the first time, 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 monetization model, device manufacturers should be able to use Samsung ARTIK Cloud’s interoperability features to generate new revenue streams and implement new business models, such as hardware as a service.