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CFO Insights — The Internet of Things: Moving from cost savings to revenue generation

Published on: May 04, 2017

We’ve all read plenty about the rise of the Internet of Things (IoT), including its exponential growth, yet many companies are struggling to settle on the right IoT application or justify the capital investment that the technology may require.

In many cases, this difficulty is due to the fact that, while it may be clear how connected technology can save money – by, for instance, making operations more efficient or allowing workers to do more – it’s often less obvious how IoT applications might generate new revenue.

This issue looks specifically at monetizing IoT technology, exploring strategies common in the software world — where information has long generated value — and how those strategies may apply in a connected world.

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