Business Model For IoT Application Services
Business Model For IoT Application Services
https://101blockchains.com/iot-business-models/
Subscription-based Model
• “as a Service” business model for a system that includes both software and hardware.
• Recurring-revenue business model instead of one-time revenue
• Monthly subscription, “freemium”.
• Foster an active relationship with your customers.
• IoT systems collect comprehensive data, obtain relevant insights, and sell collected data
or insights to customers
• Sometimes service providers offer IoT devices for free to increase penetration and collect a
massive volume of data.
• Customers must be aware of the monetization of their data and their privacy must be safeguarded
• Customers pay for the outcome (or benefit) the IoT product/solution provides,
as opposed to the product itself.
• One of the top IoT models for ensuring recurring revenue for businesses.
• Customers are charged based on the amount of time they use the IoT solutions.
• Concern : customers invest in expensive IoT equipment but might not utilize the equipment at
its full potential.
• Goal : maximize the utilization of IoT product across multiple customers.
• Customers pay reduced prices alongside achieving faster market penetration for IoT businesses.
Technology
Smart City is a city that utilizes advanced technology and innovation to Efficiency
enhance the efficiency of services and operations, to reduce the cost and
resources used by the city and target population. This ideal city focuses on Saving
a good design and the participation of the business sector and people in
Participate
developing the city where people will live happily and sustainably, and have
a good quality of life. Happiness
Sustainable
Smart City Values
SOLUTIONS
Always start with BIG DATA & PLATFORM SUSTAINABLE
PAIN POINT INFRASTRUCTURE SECURITY INTEGRATION CITY SERVICE
Wildfire Traffic
Road accidents Economy
Smart Pole
Environment Flood
With Environment IOC Big Data
Monitoring & Control Monitoring System
Module
Sensor Device
Rain Sensor
Flood Monitoring
CCTV Online
Transportation
Smart Parking Smart Bus Stop IOC Big Data
Application
Online Booking
SMART POLE
07
….
…..
…..
…..
….
…..
…..
…..
05
06
01
04
03
02 02 02
Travel information
Attractions
Bus schedule
GPS
01 CCTV •
02 CAR PARKING SENSOR •
06 WIFI
• CCTV - FACE REG •
03 SMART MAP SIGNAGE •
07 GPS SENSOR
• CCTV - LPR
• CCTV - COUNTING •
04 SMART KIOS
• CCTV - THERMAL •
05 ENVIROUNMENT SENSOR
Smart Living
Blood oxygen
Blood Mobile
Body weight
pressure devices
Telemedicine plus
Patient Doctor
Health Information Integration
Face Recognition
(with or without mask)
Arrival time
Temperature
City Parking/
Transportation City Application Smart farm TAX Hotel
Management
INDOOR
SMART FARM
SMART FARM
PLANT
Water Quality 23 60 70 xx
Water Level
Door Sensor
Mobile
App
Solar Rooftop
Smart
Smart
interactive
Pole
signage
AI CCTV
for access control and people count
PARKING
Smart Solutions
Big Data
IoT
Data
Data
Mobile Application
02 CCTV system
03 Facility System
05 CALL CENTER
07 Mobile Application
CITY APPLICATION
Weather information
Greeting
E-services
SOS Attractions
Complaint News
Artificial
Edge IoT Platform
Intelligence (AI)
Computing
and IoT
IoT devices integrated with AI can analyze real- AIoT enables predictive maintenance by using AI-powered IoT can learn user preferences to
time data to make autonomous decisions and take machine learning to forecast equipment failures deliver highly personalized experiences, like smart
actions without human intervention. and schedule proactive repairs. home controls or intelligent personal assistants.
https://device-insight.com/en/aiot/
Edge Computing
1 Data Processing
Edge computing enables IoT devices to process data locally, reducing
2 Increased Efficiency
Performing analytics at the edge improves efficiency by minimizing the need
3 Enhanced Privacy
Edge computing keeps sensitive data on-device, improving privacy and
mirrors a physical IoT asset, system, or continuously update the virtual model,
optimization.
Remote Monitoring
AR overlays allow maintenance workers to view real-time equipment
data and performance metrics in the field.
Guided Troubleshooting
AR-powered instructions and 3D models can guide technicians through
complex repair and maintenance procedures.
Asset Visualization
AR can render 3D digital twins of physical assets, providing an
immersive view for design, planning, and training.
KEY Real Pain(point) Real Gain
TAKEAWAYS
Create and deliver value