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Samsung Electronics Launches New Data Monetization Solution for IoT using Samsung ARTIK(TM) Cloud
2017/08/02
USA on Jul 31, 2017
Samsung Electronics Co., Ltd., today announced Samsung ARTIK(TM) 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 unique data monetization model, device manufacturers can take advantage of Samsung ARTIK(TM) Cloud’s extensive interoperability features to generate new revenue streams and implement new business models, such as hardware as a service.
 
For device manufacturers, IoT shifts their operating model from selling hardware to selling hardware products connected to digital applications. Today, device manufacturers often have trouble recouping data costs associated with free applications and supporting an ecosystem of third-party devices, apps and services. Manufacturers have to either absorb the data costs of operating devices in the field, or factor in anticipated data costs to the retail price of devices.
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