The internet of things can do three things for you, Mike Krell, head of internet of things strategy for market intelligence firm James Brehm and Associates, said during his welcoming comments at the Enterprise IoT World event. “It can make you money. The second this is, it can save you money. The third thing it can do is keep you out of jail.”He gave the example of elevators. “You can create new services, new revenue streams. We’ve got lots of ways of advertising. You can manage the existing elevators from a quality standpoint,” by conducting predictive maintenance. 

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