Internet of Thigns Monetization: Verizon Sees Five Revenue Drivers

Verizon released a report, titled "State of the Market: Internet of Things 2016". Researchers see five "macro" trends they say will cause the Internet of Things (IoT) to drive revenue growth for businesses through 2016 and beyond. The five key trends that researchers see driving IoT monetization include:
1) In 3 to 5 years, average consumers will experience a much higher level of automation in their daily lives thanks largely to the ability to engage with IoT applications through a more simplified interface.
2) Data monetization will become a required competency. Nearly 50 percent of businesses expect to be using more than 25 percent of their data over the next 2 to 3 years.
3) Changes in the regulatory landscape will continue to bring the right ecosystem partners together to help establish industry standards more quickly.
4) Network connectivity, low power devices and IoT platforms will democratize innovation by creating more tools for developers and enabling businesses to scale their IoT deployments from millions to billions of connections more cost-efficiently. 5G, the next-generation of wireless technology, not only promises to make autonomous solutions such as cars and robotics a reality, but will also usher in new categories of uses cases, such as virtual and augmented reality for IoT deployments.
5) Security experts are keeping up with the development of technology by looking to arising threat vectors – some old, some new – that will impact IoT deployments and ongoing operations.