Samsung Debuts New Cloud Service Aimed At Turning IoT Data Into Business Revenue

Samsung on Monday announced a new service as part of its ARTIK IoT platform that the company hopes will help manufacturers and service providers monetize the data flowing through their IoT devices.

The service, ARTIK Cloud Monetization For IoT, allows companies to tap into the data on their IoT devices to create service plans and generate revenue. Manufacturers can use ARTIK Cloud Monetization to create a brokering, metering and payments system, so they have the flexibility to define service plans that meet their business needs.

"Samsung ARTIK Cloud Monetization uniquely positions us to help device manufacturers find new ways to make money from IoT and enable more applications for their customers.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.”- James Stansberry, senior vice president and global head of ARTIK at Samsung Electronics

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