We’ve all been looking at, thinking and talking about the Internet of Things (IoT) for some time now. Many of us have begun to implement IoT-based systems and solutions.

The majority of these, insofar as the commercial world is concerned, have been funded and implemented for specific applications, as with most IT-driven initiatives. The time has come for the next wave: revenue-producing IoT.

In the first wave of the IoT, most of the generated revenue came from the procurement of devices, software to link the devices with various systems, connectivity for same, and so on. This wave will be about how IoT can measurably affect money flows, first by enabling cost-savings then increasingly by producing revenues that weren’t being generated before the wide deployment of the IoT become economically viable. 

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