HOW FLEXIBLE LICENSING MODELS CREATE NEW OPPORTUNITIES IN IoT
Although much of the developments in Internet of Things (IoT) have focused on hardware and connectivity – the things and the internet – it’s actually software in the form of applications, management systems and analytics tools that holds the key to unlocking value from the infrastructure. It is software that is enabling IoT solutions – composed of hardware, connectivity and software – to turn previously unconnected devices into connected devices and enabling monetisable services to be built around those.
CASE STUDY: A NEW MODEL FOR MEDICAL EQUIPMENT PROVISION
Stryker Corporation, one of the world’s leading medical technology companies, has evolved into a maker of intelligent medical devices that rely on the software it develops. The software is an integral component to the operation and maintenance of the medical devices it brings to market. The company is now in the midst of another transformation – moving its medical device hardware to a services- based model in order to meet the demands of hospitals and surgeons where capital expense budgets are shrinking.
THIS BRAND NEW REPORT COVERS:
- Why flexible licensing models matter
- New business models
- Strategic choices
- Business challenges
ABOUT THE AUTHOR
George Malim, editor, IoT Global Network
George is a freelance technology journalist. He has covered the telecoms market since 1999 and contributes to Global Telecoms Business, The Mobile Network, VanillaPlus, IoT Now and Wireless magazines in addition to producing content on behalf of operators, vendors and creative agencies.