Gartner’s new Emerging Technology Analysis Report takes a look at what is needed to compete in the Internet of Things. According to the report, manufacturers will have to reinvent their business models to profit.

This report explores key findings, including:

1. Defining the Internet of Things
2. Applying licensing to the Internet of Things
3. Licensing and entitlement management-components, models and meters
4.  Licensing lifecycle management and the relationship of entitlement management to licensing
5. Usage-based licensing models
6. Technology adoption and impact
7. Actions to take now and within the next 12-18 months