The Internet of Things plays a significant role in the subscription model by enabling heavy equipment like construction supplies to move to a subscription model. This is achieved by teasing out the service-level agreement that sits behind the product. Essentially, IoT allows for the monitoring and data collection of product usage, which can then be used to create a more personalized and efficient subscription service.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
View summary