Samsung launches service for monetizing IoT data

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Samsung

Samsung on Monday unveiled a new service designed to help machine brands monetize the details produced by Internet of Factors units.

Samsung ARTIK Cloud Monetization is the most recent cloud service on Samsung’s ARTIK IoT choices, which features components, software, cloud, protection and associate ecosystems. ARTIK Cloud was rolled out previous 12 months to help corporations accumulate and evaluate details from related units.

Even so, with out a way to monetize IoT details, machine brands often have hassle recouping the details costs associated with running units in the subject and supporting cost-free programs.

ARTIK Cloud Monetization aims to handle that challenge by enabling brands to determine machine service options. The Cloud Monetization then brokers and meters person interactions towards the described program. It manages updates, payments and revenue share back again to the machine company.

Samsung states it could help corporations implement new business enterprise designs, these kinds of as components as a service.

“This is element of our long-term tactic to aid the improvement of secure IoT goods and expert services, boost vast-scale interoperability, and develop a platform and business enterprise model for an full IoT ecosystem to prosper,” James Stansberry, SVP and world wide head of ARTIK at Samsung Electronics, said in a assertion. “Like the cell phone marketplace, IoT will be driven by open programs, interoperability and assistance from revolutionary programs.”

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