Santa Clara, Aug 1, 2017: Samsung Electronics Co. Ltd. has announced Samsung ARTIK Cloud Monetization for the Internet of Things (IoT), a new service to monetise the data shared by IoT devices and enable an IoT data economy.
According to the company, device manufacturers and service providers can tap into an open ecosystem and create service plans that generate revenue directly from the interactions of devices and services, for the first time.
For device manufacturers, IoT shifts their operating model from selling hardware to selling hardware products connected to digital applications. Today, device manufacturers often have trouble recouping data costs associated with free applications and supporting an ecosystem of third-party devices, apps and services. Manufacturers have to either absorb the data costs of operating devices in the field, or factor in anticipated data costs to the retail price of devices.
Samsung ARTIK Cloud Monetization addresses this problem by providing a complete brokering, metering and payments system. It gives device manufacturers an easy way to make their devices interoperable with third-party devices and applications, and monetise data useage. With the Samsung ARTIK Cloud developer portal, device manufacturers have the flexibility to define service plans that meet their business needs. Samsung ARTIK Cloud brokers and meters user interactions against the defined plan, and manages upgrades, payments and revenue share back to the device OEM.
“Samsung is committed to growing the IoT data economy,” said James Stansberry, Senior Vice President and global head of ARTIK at Samsung Electronics, said in a press statement. This is part of our long-term strategy to facilitate the development of secure IoT products and services, promote wide-scale interoperability, and create a platform and business model for an entire IoT ecosystem to thrive. Like the mobile phone industry, IoT will be driven by open systems, interoperability and support from innovative applications.”
Image Credit: Samsung