Samsung Introduces A New Platform Where IoT data Can Be Monetized

The IoT can represent a cultural shift for hardware makers as they move from just selling hardware to providing a connected digital experience.

But supplying applications and supporting an ecosystem of third-party devices, apps and services has a cost which either needs to be absorbed or factored into the price of the product. Samsung is addressing this problem with the launch of its ARTIK Cloud Monetization, a new service to monetize the data shared by IoT devices and enable an IoT data economy. 

Samsung Introduces A New Platform Where IoT data Can Be Monetized

ARTIK Cloud Monetization provides a complete brokering, metering and payments system. It gives device manufacturers an easy way to make their devices interoperable with third-party devices and applications, and monetize data usage. Using a developer portal, device manufacturers have the flexibility to define service plans that meet their business needs. The service can broker and meter user interactions against a defined plan, and manages upgrades, payments and revenue share back to the device OEM.

"Samsung is committed to growing the IoT data economy," says James Stansberry, senior vice president and global head of ARTIK at Samsung Electronics. "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."

More detail on the ARTIK Cloud platform and its associated developer tools is available on the Samsung website.