The subscription model aligns with the concept of the Internet of Things (IoT) by focusing on the service-level agreement that sits behind the product. In the IoT, devices are interconnected and can share data, which can be used to provide personalized services to the customers. These services can be offered on a subscription basis, providing continuous value to the customers and steady revenue to the companies. This model is being used in various sectors including healthcare, government, utilities, and more.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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