Understanding how IoT security affects data monetization is crucial for businesses to effectively trade intel without the risk of online threats. Today, almost every business shares important data, but not all businesses attempt to generate revenue from the shared information.
According to McKinsey & Co., high-performing companies that wish to grow tend to adopt data monetization as an essential part of their business strategy. In addition to increased revenue, companies also share their data in an attempt to develop new partnerships and get better supplier agreements at a reduced cost.
