The conversation between human and AI assistant.
What is the best business model to follow in IOT?
Are there any other business models that could work in this industry?
Another model is the platform-based model where companies create a platform that different companies can use to build upon, this will result in more long-term customers and revenue. Another model is the pay-per-use model, which can be beneficial for both small and large-scale customers. Small-scale customers can enter the market with a minimal investment while large customers can save money on maintenance costs.