Four essential characteristics of a cloud-based IoT monetization engine

Internet of things solutions are constantly evolving and producing massive amounts of data at an unprecedented rate. In order for these products or services to be successful, they require a cloud-based monetization engine to handle the avalanche of information that IoT provides. But while most billing applications these days claim to be cloud-based, not all “clouds” are created equal.

So how can companies ensure that they are marrying their IoT initiatives with cloud-based billing engines that drive meaningful ROI over the long term? Here are four essential characteristics every company should consider.