Three ways for start-ups to cash in on the Internet of things
There ought to be an app for that.
“There is money to be made in the internet of things”, said Steve Brumer, a partner at 151 Advisors. “There is a vertical market, there is a horizontal market and there’s an ecosystem” that innovative entrepreneurs can tap into to make money. “There’s not one vertical that’s not touched by the Internet of things”.
Big companies might be building the infrastructure, but figuring out what to do with the data they collect is anyone’s game.… More