Internet of Things is a revolutionary and fast growing technology embracing a wide range of domains including Logistics, Transportation, Retail, Utilities, Healthcare and Security. It provides all the means to capture an event (e.g. temperature, inventory level, etc.) generated by remote end-points (e.g. meter, vehicle, pump etc.) and relay it through the network to a managing application (e.g. Parking Management).

The IoT potential lies with its prospect of enabling new business models and draw upon new revenue streams through the monetization of vertical & horizontal applications as well as the effective management of an ever expanding value chain. Emerging IoT industry creates a major disruption for Communication Service Providers (CSPs) but it also provides them with a unique opportunity to transform into Digital Services Providers (DSPs) rather than providing solely connectivity services. CSPs possess all the assets, capabilities and experience to assert a key role in the end-to-end IoT service offering.

NGINius-Charging™ for IoT is an innovative, flexible and cost-effective solution addressing end-to-end the IoT monetization challenges:

• Flexible pricing of processed IoT data and IoT applications' features
• Expansion & effective maintenance of the IoT supply chain
• Revenue sharing and SLA allocation to various partners
• Generation and seamless induction of new revenue streams
• Attracting the promising SMEs market through competitive offerings
• Updating existing billing/infrastructure in a cost effective way (e.g. passing only summaries of IoT transactions per billable account )