THE LOSANT GUIDE
Unlocking the Value of IoT Data
Some of the world's top companies are using IoT data to refine even the most efficient processes, from manufacturing lines to smart offices. Learn how to unlock the power of IoT, capture data for new products, and generate revenue for your enterprise.
Data is the new currency
IoT data is an intangible asset required for the creation of new products and critical to customer loyalty.
Buy vs Build
When it comes to implementing IoT, many enterprises explore the “buy vs. build” debate. Without careful analysis, it may seem that building in-house is more affordable, but according to the analysts at MachNation, using an IoT application enablement platform (AEP) is 40 percent less expensive than building and maintaining an in-house solution. Some organizations may prefer an in-house development team to build and maintain a custom IoT platform, but there are a number of factors to consider:
From Raw data to ROI
There are a number of opportunities to monetize IoT data through cost savings or revenue generation. Enterprises have already found success with the following industrial IoT (IIoT) and smart environment projects: