Monetizing the Internet of Things (IoT) @ThingsExpo #AI #IoT #M2M #BigData

"Why incur the expense of generating and collecting all of this IoT data if you're not going to monetize it?" Organizations are racing to embrace the Internet of Things (IoT) as the pundits create "visions of sugar-plums dancing in their heads." McKinsey Global Institute released their study "The Internet of Things: Mapping the Value beyond the Hype" in June 2015 that highlighted the staggering financial value that IoT could create! The folks at Wikibon provided a perspective on the sources of "IoT monetization" in their recent research titled "Harvesting Value at the Edge" written by the always delightful and provocative Neil Raden. IoT, though a useful application of available technology, and well-defined at the hardware and network levels, the heart of IoT, that part that yields the real value, is edge analytics.