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In the given scenario, a shipping port is contemplating the deployment of IoT sensors to monitor crucial factors like water and wind conditions, influencing the
In the given scenario, a shipping port is contemplating the deployment of IoT sensors to monitor crucial factors like water and wind conditions, influencing the efficiency of docking, offloading, and reloading ships. The Chief Financial Officer asserts, 'We're not interested in procuring the technology stack ourselves; it would entail significant capital expenditure, and we lack the expertise to manage the entire system.' On the other hand, the CEO states, 'We are certain that improved water and wind monitoring will enhance our bottom line. Let's engage an IoT provider to install the system; we won't need to own it, and we can categorize it as an operational expense. What business model is the CEO alluding to?" Group of answer choices Network-effects model Actuator model IoT to Monetize Data Asset-sharing model Subscription model RFID model Providing IoT to cross-sell another product Outcomes-based model
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