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IoT Cheat Codes
For Immediate Release Tue Aug 15, 2023 12:08:00 AM MDT

Exclusive webinar for unlocking IoT Monetization and Scale

Thank you for joining us for our exclusive webinar, "IoT Cheat Codes: Unlocking the Key to Monetization and Scale." We were thrilled to have industry expert Robert Entrican, CTO and Co-Founder of RevX Systems, share his insights and expertise with us, specifically for those with 5G/LTE IoT Services.

During the webinar, Robert Entrican provided valuable tips and strategies for seamlessly monetizing your cellular-based IoT business and scaling from hundreds to millions without the hassle of restructuring your charging model. He discussed the key elements of an IoT solution and how they relate to your business's pricing model, as well as the top challenges companies face when monetizing and scaling their IoT solutions.

Participants ranged from businesses within Connected Health, Fleet/Asset Management, Surveillance and Access Control, but they all had one thing in common: IoT Services with the added complexity of 5G/LTE based products and offerings. Regardless of the industry, participants had the opportunity to explore various pricing models and challenge-specific strategies with proven results. Robert also revealed three "cheat codes" to IoT monetization that can be put into practice immediately, unlocking the full potential of your IoT business.

What are the three practical tips and strategies, when it comes to IoT Monetization and Scale, you want every attendee to walk away with, that they can put into practice immediately?

1. Downstream Device Management: Giving subscribers the ability to manage their own entitlements not only creates stickiness but also eliminates the need for large back-office human capital. By empowering your subscribers with self-service options, you can enhance their experience and reduce operational costs.

2. End-User Tools for Billing and Device Management: Through a dedicated portal, subscribers can conveniently address their own needs, such as billing inquiries and device management. This approach extends carrier functions into your user pool, providing a seamless and efficient experience.

3. Policy-Based Subscriber Revenue Collection: Automating payment processing can improve revenue collection. By incorporating policy-based retries and service interruption for delinquent accounts, you can encourage timely payments. Furthermore, once the balance is cleared, services can be restored, promoting positive customer relationships.

We would like to express our gratitude to all the participants who attended the webinar. Your presence and engagement made this event a huge success! If you would like to delve deeper into these strategies or discuss how they can be applied to your IoT business model, we offer complimentary 30-minute consultations with our experts from RevX Systems. Email to schedule your consultation.