Insights and Expert Advice
for IoT Connectivity and
IoT Monetization at a global scale.
Every workplace is different; therefore, they all might need their unique set of IoT solutions and IoT devices to create their ideal intelligent workspace. Some workspaces might be filled with machines and assets, while others can be office jobs and hazardous field jobs. Nonetheless, IoT solutions can fit into all these areas.
The revenue recognition for IoT subscriptions is a complex process. Since subscriptions represent a time-bound performance obligation, the revenue cannot be recognized immediately when the customer activates and pays for their selected data plan. Instead, upon signup, the entire revenue for the IoT subscription must be marked as deferred and recognized progressively until the contract’s obligations are met.
Imagine having a virtual representation of the physical environment that can help analyze and experiment with real-world scenarios in a digital space. It can help improve efficiencies, find loopholes, explore what-ifs, and assist with more informed decisions. That’s the concept of digital twin technology.
LPRC is a leading resource for Asset Protection and Loss Prevention Professionals collaborating to effectively combat and deter theft, fraud, and violence.
Notably, in 2022, the number of IoT or connected devices has grown to 14.4 billion at an impressive 18% transformation rate. That’s not all of it; the continued growth in connected devices and connectivity solutions characterizes IoT deployments across industries.
What’s in store for the current development in the micromobility industry? How can cellular IoT and micromobility devices transform your daily commute (even more!)? We are discussing this in detail in the following article.
Freeeway AG has been named “M2M Cellular Provider of the Year 2023″
IoT hardware is currently monetized in more than 95% of all cases. However, adopting an IoT revenue model that is evolved towards usage-
All about our approach to IoT Monetization
If you want to read more about IoT Security
Everything you need to know about IoT Connectivity
