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 from research and industry in Europe and beyond.