Monetizing data generated by IoT devices has become a key focus for businesses looking to leverage the vast amounts of data generated by these devices. The data collected by IoT devices can provide valuable insights for businesses, such as identifying patterns and trends, and help them make informed decisions.
To know more about this, the EU Tech Chamber (EUTECH) Internet of Things (IoT) Alliance organized a webinar on May 19, 2023. The topic under discussion was, “Monetizing Data and Building Sustainable IoT Business Models”.
The webinar started off with a short overview of the organization and a formal introduction of the panelists by Ms. Svetlana Nyameyo who is the coordinator of the Africa Alliance.
The keynote speaker for today’s event was Mr. Agustin Russo, Expert in Digital/IT Strategy, Transformation & Management. The other two panelists were Ms. Beatrice M. Costa, Digital & Customer Strategy Consultant at Deloitte Digital, and Mr. Rajinder Jhol, Digitalization and Governance Consultant.
During the webinar, speakers discussed the value opportunities of IoT, including exponential development, simplified lifecycles, and new business models. They addressed cybersecurity challenges and emphasized the need for a contemporary approach.
The speakers also emphasized the importance of addressing cybersecurity concerns and integrating technology, information, and physical security. In terms of sustainability, the projected revenue growth of the IoT market and the complexities of managing IoT capabilities were highlighted, along with key drivers such as energy availability and climate change impact.
We want to thank our respectable speakers for their informed insights on this much-needed topic. Moreover, special thanks to Ms. Svetlana Nyameyo for moderating the webinar and distributing Tree-Certificates to the panelists.
Above all, sincere thanks to all our attendees – your comments, compliments, and questions. Stay tuned for our next IoT Alliance webinar on June 23, 2023, on “IoT and Industry 4.0: The Role of Connected Devices”.