IoT Business Models
summary
Shows a concrete subscription win: moving vending machines from unaffordable hardware installs to $25/month per vending machine after pilots proves savings and merchandising lift. Describes building an industrial IoT platform at Hitachi that runs factories and bullet trains with 40,000 sensors on trains, enabling a pay‑per‑kilometer “trains as a service” bid that wins a UK contract. Cites insurer-funded leak sensors and emphasizes simple KPIs and predictive maintenance that actually work in deployment.
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chapters (5)
- 0:00Introduction to Rob Tiffany
- 2:41Early IoT business models
- 10:31IoT as a service example
- 16:47New business models and data
- 22:27Simplifying predictive maintenance
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