18:51 02 August 2017
Samsung has announced the launch of Samsung ARTIK Cloud, a new Data Monetization Solution for Internet of Things. The device enables IoT data economy by allowing users to generate revenue directly from the interactions of devices and services.
Dilip Sarangan, global research director, IoT & digital transformation at Frost & Sullivan, said: “Samsung ARTIKTM Cloud Monetization is out front in addressing a crucial need in the market. It can help hardware developers monetize solutions without necessarily putting in all the effort themselves,”
Device manufacturers can use the device to open up new revenue streams and implement new business models to help recoup data costs associated with free apps. IoT devices force manufacturers to shift their operating model from selling hardware to selling hardware products that are connected to digital apps. They have to launch free apps and support an ecosystem of third-party devices, apps and services.
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