Because of the relationship with open source, big data, security, privacy and software-defined networking (SDN), the IoT is not new but quite popular in today’s world. If you think IoT is a new thing, think again!
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What Companies Need to Know About Modern IoT Billing
Billing is one of the most critical components for any business but it is one that has advanced to an entirely different scale than in years past. Back in the day, organizations could flourish with legacy-based billing solutions implemented as the models were much more simplistic and the market was not nearly as optimized.
Advantages of Using an IoT Billing system
We’re living in a world where every day, there is an innovation. An era where temperature, switching on and off security lights, monitoring water levels in our gardens is done through the Internet of Things. It has been predicted that by the end of 2020, there will be an increase in the use of IoT devices by 65%. This would automatically result in a need for better monetization of IoT services, for which improved IoT billing system would be needed.