Monetize Your Artik-Based IoT Devices Thru Data Collection

July 31, 2017 Rich Nass

Here’s an interesting one for you—Samsung is giving you the tools to monetize the data shared by IoT devices. Hmm. This is worth exploring. Dubbed Samsung Artik Cloud Monetization for the IoT, the service lets device makers and service providers create service plans that generate revenue directly from the interactions of IoT devices and services. This means that device makers can move from exclusively selling hardware to selling hardware products that are connected to digital applications.

Samsung defines Artik Cloud as an open data exchange platform for the IoT. It consists of open APIs and tools to securely collect, store, and act on data from any connected device or cloud service. But it all begins with the Artik smart IoT platform.

A big push for this technology comes from the idea (actually, it’s much bigger than an idea) that hardware vendors have a difficult time recouping any money associated with free applications and supporting an ecosystem of third-party devices, apps, and services. They make money selling the devices, but that's it. Simply selling the hardware and walking away is a short-term proposition.

Take that proposition to the next level, and the vendor could have an on-going revenue stream. That’s where Artik Cloud Monetization comes in, as it addresses this problem by providing a system that includes brokering, metering, and payments. It provides an easy path to making devices from different vendors interoperable, so data can be shared across devices. The device makers can define the service plans based on end-user needs. Clearly, this is worth investigating if you're in the IoT device or services industry.

About the Author

Rich Nass

Richard Nass is the Executive Vice-President of OpenSystems Media. His key responsibilities include setting the direction for all aspects of OpenSystems Media’s Embedded and IoT product portfolios, including web sites, e-newsletters, print and digital magazines, and various other digital and print activities. He was instrumental in developing the company's on-line educational portal, Embedded University. Previously, Nass was the Brand Director for UBM’s award-winning Design News property. Prior to that, he led the content team for UBM Canon’s Medical Devices Group, as well all custom properties and events in the U.S., Europe, and Asia. Nass has been in the engineering OEM industry for more than 25 years. In prior stints, he led the Content Team at EE Times, handling the Embedded and Custom groups and the TechOnline DesignLine network of design engineering web sites. Nass holds a BSEE degree from the New Jersey Institute of Technology.

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