Massive growth of devices and systems connected to the Internet raises technology and policy challenges on a new scale. With an ever more heterogeneous and complex environment of IoT, these connected objects generate large data volumes. This massive data feeds the data economy and opens up new business opportunities. Currently, the majority of IoT revenues are based on cloud-based services as a dominant economic model for IoT business models. Will it be the case in the next decade?T...

Digital technologies are unlocking new business opportunities and with that new business models. For example, we have seenservitization as a key concept changing a large number of industries from product to service driven businesses. This session will explore the next wave of business models enabled by IoT and combining this with edge computing. We will explore results from the H2020 Large Scale Pilot projects one of the largest investments by the EC in this field provide and mature examples ...