I²M²—The Future of Industrial Internet Monetization
implement the whole payment/token
process for a complete system with two
(probably large) files, sent and received
between system and payment processor, so
even the Connectivity Quality Level 1 of
Figure 8 can be realized. participants, but all can be solved with a
sophisticated standard. The advantages of
Dynamic Monetization will redefine how
industrial systems will be paid in the future.
S UMMARY At the IIC, only the Business Viewpoint of
I²M² has been described to date. A planned
whitepaper will describe the Model and
several Methods with all the business
aspects (see Figure 12).
F UTURE S TEPS
This article is only an introduction to the
complex but also exciting world of Industrial
Internet Monetization. Using I²M² as a
model for different Monetization Methods
helps to establish such methods in the
future. The different scenarios can illustrate
how they might fit within a world of varying
business models, components and systems
and the relationships with different
participants such as Operational Users,
Component and System Builders.
After all of the business requirements have
been discussed, the IIC will move on to an
Implementation Viewpoint, which describes
all communication standards necessary to
implement the model shown in Figure 1.
Once all of this information is collected, it
will be possible to define a plug-and-play
standard, which will finally automate the
Dynamic Monetization method as much as
possible, so that the vision can become
reality.
One of the promising Monetization Methods
is Dynamic Monetization. Most significantly,
it moves the payment for industrial systems
from upfront to the time of usage. This
method faces challenges from markets and
Figure 12: planned future progress of I²M 2
IIC Journal of Innovation
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