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Samsung ARTIK Cloud aims to help monetise and create an IoT data economy

August 07, 2017 / James Bourne

A new data monetisation solution announced by Samsung Electronics aims to allow users to share data by IoT devices and enable an ‘IoT data economy’. Called the ‘Samsung ARTIK Cloud Monetization’, the solution allows device manufacturers and service providers to tap into an open ecosystem and create services plans that generate revenue directly from the interactions of devices and services. This new data monetisation model allows device manufacturers take advantage of the Samsung ARTIK Cloud’s extensive interoperability features to generate new revenue streams and implement new business models, such as hardware as a service. IoT shifts device manufacturers’ operating model from selling hardware to selling hardware products connected to digital applications.