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Impact of AI Decentralized Autonomous Organizations in Machine-to-Machine Economy
Introduction to Autonomous Economic Agent, Machine Learning and New Business Models in the Machine to Machine economy (M2M)
The upcoming Machine to Machine (M2M) era will radically transform the way companies and assets are managed. As a consequence, a majority of existing business models will become obsolete.
Based on this assessment, I was given the task to build an M2M strategy for my client as well as a pilot project. This new strategy included the creation of new business models, selection of a new Machine Learning approach, and identification of possible technological partners.
In this article, you will learn about key future concepts such as autonomous economic agents, discover M2M use cases, and how companies will have to reinvent themselves to remain relevant from a data perspective.
Introduction to the Machine to Machine Economy (M2M)
The M2M era will be characterized by the fact that consumers/companies will own less assets and machines while sharing more data.
We will rely more on autonomous machines to purchase on our behalf and conclude contracts…