Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Samsung Launches New Service on Data Monetization

Aniruddha Paul
Aniruddha Paul
Writer, passionate in content development on latest technology updates. Loves to follow relevantly on social media, business, games, cultural references and all that symbolizes tech progressions. Philosophy, creation, life and freedom are his fondness.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Samsung announced a new service yesterday to enable IoT (Internet of Things) data economy. It is the Samsung ARTIK™ Cloud Monetization that monetizes data shared by IoT devices. This will let service providers and device manufacturers generate revenue directly from interactions with services and devices.

The ARTIK™ Cloud of the company provides an open and diverse ecosystem for device manufacturers to generate new revenue streams. They can also implement new business models. Creating service plans for the service providers is also going to prove advantageous for enhancement in the markets.

The ARTIK™ Cloud Monetization makes it revenue specific for the manufacturers and service providers in providing complete metering, brokering, and payment systems. Manufacturers get to make devices interoperable with third-party applications while monetizing data usage. They can also flexibly make service plans as per business requirements.

Words from Samsung

Samsung is dedicated to developing an IoT data economy, according to James Stanberry, the senior VP, and global head at ARTIK. The newly introduced service does not just aim at making more money but also delivers more applications to the consumers. He also stated that this initiative is a part of the company’s long-term plan in the field of IoT. He went on, it makes things more convenient for both service providers and customers on a big scale.

Other Companies

Pete Horton, the VP of market development at Legrand, said that the Cloud Monetization service solution is “the missing piece to the IoT puzzle”. Both Legrand and Smappee, along with Frost & Sullivan, are prime companies that have started using the service in their respective business aspects. Dilip Sarangan, the global research director of Frost & Sullivan, said that the service addresses “a crucial need in the market”.

As it sums up

The aforementioned executive officials have all been in praise of the Samsung ARTIK™ Cloud Monetization service solution. Thusly, it certainly brings a whole new world of progressiveness and opportunities in the field of the Internet of Things.

Source: SamsungNewsroom


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic