IoT creates wakes of business models for service providers

IoT has always been the key enabler of digital transformation with its access to real-time data sources. Building connected ecosystems are critical to develop asset management and remote monitoring solutions that enable data backed decision making.

A leading oil company teamed up with Cognizant to gather real-time asset management data in a unified dashboard to drive analytics and enhance decision-making. From device management to data enablement, service providers are being the key enablers for enterprises to build a full-scale IoT ecosystem.