3 Ways Retailers Can Move Towards Monetizing the Internet of Things

To stay competitive, you'll need to respond quickly to changing conditions and make adjustments to meet the demands of how your customers use your service. Back-end billing systems that can handle these changes without IT intervention are key to the new business agility paradigm.

How do you quickly offer services to the market and how will people consume them? The answer to these questions is where innovation lies. The IoT will make it easier to get answers, get to market and adapt on the fly once there. However, you'll have to be agile, because you won't have much time to act.