Replacing human activity with connected devices in many manufacturing processes has revolutionized the image of manufacturing.

In August, Google Cloud said it would discontinue its core IoT services and give customers a month to migrate their IoT devices; these back-to-back announcements have forced people to think about the future of IoT in general.

When planning to sell related products, one of the first things to consider is your Internet of Things business model. Let's discuss the most effective business model type of the Internet of Things, and which business model is suitable for you?

Equipment networking is an important part of digitalization. Today, we can conclude that the future market opportunities for non network connected devices will only become less and less. We have talked about digital transformation and the Internet of Things for a long time, but it is estimated that we may not realize the full extent of this change in another decade.

The Internet of Things has had and will continue to have a significant impact on the business model. Enterprises need to plan and change their business methods to integrate these changes. By understanding how the Internet of Things will affect your business, you will maximize its functionality to achieve higher business goals and profits.

Edge computing is a distributed open architecture that decentralizes the processing load. Instead of transmitting all the data collected at the edge of the network, devices process the data locally or closer to the data source, which helps to avoid serious latency problems.

From personalized customer service and stay comfort to improved facility management, leveraging the Internet of Things in the hospitality industry can provide the customer satisfaction needed to stay competitive while helping hotels, restaurants and conference centers reduce costs.

Although there are many ways for companies to create value through Internet products, we find that there are six main ways for companies to make money from Internet of Things products.

It is also necessary to understand the benefits that the Internet of Things can bring to companies, so that companies can make wise decisions about whether to use this technology.

Studies have shown that some of the reductions in CO2 emissions would not have been possible without the use of digital technologies.