A challenge with monetization of IoT across all segments is there is no one-size-fits-all IoT solution. It is also impossible to implement a single HW or SW solution in any segment and realize the full potential of IoT (see “Wait and See” in this post – case is made for orchestrating niche applications of wearable technology to create a wearable network effect).
IoT means disruption. Industrial IoT in particular illustrates this point. Since the industrial revolution no single technology tool has potentially been this disruptive; computing didn’t do it; the web didn’t do it; social didn’t do it; mobile didn’t do it. IoT hits industrial at its heart as not just a single tool but an arsenal of tools whose impact is unknown, hence the challenge of monetization. It’s clear those who fail to appropriately implement value-generating IoT solutions will lose to those who actively do. There can be no such thing as passively adopting industrial IoT.