Any Industrial Electro-Mechanical company which is looking at a new age digital business models need to carefully frame important questions to power their journey. Here are 7 critical questions.
1.What is the expected pricing model?
3.What are the 5 riskiest assumptions regarding business model needs to be tested in next 90 days?
4.Which industry vertical or marketplace to target for IOT monetization?
5.How will you measure the success of the new business model in first 2 years?
6.What organization structure changes need to be done to support new Business model?
7.What are other similar industries doing?
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