The Imec Technology Forum in Brussels this week addressed the question: What is the business model for IoT?
Internet of Things – IoT
“People are looking for new business models for IoT,” said Harmke de Groot, Imec’s senior director perceptive systems for the IoT. “It is important to develop these – McKinsey says that the biggest problem with IoT is that business models need to be developed.
“We are developing this together with our partners,” de Groot added. “There will be many new business models.”
The thing about IoT is that everyone knows how to connect machines to each other, and everyone has been connecting things to other things for many years. Connecting things together is easy, but making money out of connecting things together is difficult.
“At Imec, IoT is not just about connecting devices,” said de Groot, “we concentrate on intuitive devices. In that respect we focus on IoT connected to cloud computers.”
The aim is to develop “intuitive and autonomous” systems, said de Groot.
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