The conversation between human and AI assistant.
What is the best business model to follow in IOT?
Well, I'm interested in how companies can make a profit in this industry while also bringing value to customers.
One business model that has shown success in the IOT industry is the subscription-based model. This allows the company to continuously provide updates and support to customers while generating a steady stream of revenue. Another model is the data-driven model, which involves monetizing data collected from IoT devices.