Key Points
• The IoT is driving a shift from traditional
one-time sales to modern service-
oriented business models.
• Service-oriented models offer the
benefits of overhead savings to
customers and recurring revenue to
businesses.
• Despite these benefits, challenges persist
in the adoption of IoT-enabled business
models, including resistance to change
and concerns over data security.
• Würth Elektronik facilitates the adoption
of these new business models by offering
a comprehensive portfolio of electronic
components.
C h a p t e r 1 | E m e r g i n g I o T B u s i n e s s M o d e l s
Radio Modules
Wireless Connectivity & Sensor Products
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9
8 Industry Experts Discuss Trends in the Internet of Things
