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Analytics for the Internet of Things (IoT) by Andrew Minteer

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Thinking about revenue opportunities

Once you have an IoT analytics platform set up, have cleaned and refined the data, used exploratory analysis and visualizations to understand it, enhanced IoT data with external datasets, applied geospatial analytics where appropriate, used data science to understand and predict, and organized your data lake for analytics efficiency; you can take a step back and think about additional revenue opportunities.

These are ones that you may not have considered before you had a deep understanding of the data. Opportunities may also simply not have been previously possible until an IoT analytics infrastructure was built.

Here are some revenue possibilities to consider:

  • Extensions to your current business processes ...

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