Recently, BillingPlatform co-founder and Chief Strategy Officer, Nathan Shinn, sat down with MachNation president, Steve Hilton, for a podcast discussion on Monetizing the Internet of Things (IoT). Listen to the full episode here.
Nathan’s timely conversation highlights the explosive potential behind IoT. Current estimates point to 8.4 billion connected devices today, this includes everything from smartphones to refrigerators. In the next two years, that number is expected to grow to 20 billion.
This explosion of devices has everyone wondering—how can I capitalize on IoT growth?
To help answer this question, MachNation produces the IoT Monetization ScoreCard. In the ScoreCard, MachNation rates technology vendors who can perform the following tasks with IoT data and metadata:
- Ingest and mediate the data
- Associate monetary value to IoT activities
- Assign ownership or identify users
- Calculate various financial-related transactions
MachNation included BillingPlatform as one of the IoT vendors that offers monetization capabilities to help enterprises and service providers support these new IoT-based smart services. Highlights from BillingPlatform’s report profile include:
“BillingPlatform’s metadata-driven configuration model allows enterprises to define objects and processes to support customer, service, and billing capabilities to manage IoT across a supply chain.”
“The solution provides the standard range of capabilities to support IoT deployments.”
“BillingPlatform’s solution delivers a self-service portal for customers and partners to view and manage their services, devices, and charges.”
MachNation asked our co-founder, Nathan Shinn, to share his perspective on IoT monetization in their podcast.
With over 20 years of experience in high-volume, enterprise information systems, Nathan is closely involved in the technical evolution of billing systems and the technologies with revenue potential, like the Internet of Things.
Discover BillingPlatform’s approach to IoT and read about the IoT customers we currently support in one of Nathan’s previous blog posts: Monetizing the Internet of Things. You can also hear Nathan’s podcast with MachNation.