Business Angle for IoT

This lecture explores the business perspective of the Internet of Things (IoT), focusing on understanding the business opportunity, differentiating between technological and business solutions, and identifying sources of value creation. It also delves into the importance of customer value, blended business models, connectivity, and analytics in creating digital services. Through a humorous anecdote, the instructor highlights the challenges of solely relying on technology ideas. Additionally, the lecture discusses the value aspects of IoT, including operational efficiency, customer experience enhancement, and the creation of new offerings that customers find valuable.