Tackling IoT Through Billing

According to a 2016 Verizon market report, the IoT market is expected to grow from $591.7 billion in 2014 to $1.3 trillion in 2019, said Michael Beamer, president of goTransverse – and goTransverse wants to help companies monetize these IoT-related services and products.

Solution provider goTransverse recently unveiled a new service that enables customers to quicken the process of integrating IoT cloud-based subscription and usage-based billing into their businesses.

Fast Tract, the services designed to help customers implement IoT services with their existing technology stack and shorten their time to market, helps customers go live with new product implementations in 90 days or less, said Beamer.

As part of the weekly IoT Channel Chronicles series, CRN sat down with Beamer to talk about what trends he is seeing with the Internet of Things.