Sensors are fundamental to new intelligent systems

The evolution of intelligent electronic sensors is creating a revolution for IoT and Industrial IoT as companies bring new sensor-based, intelligent systems to market. These systems now incorporate processors and software and they include communication hardware in order to move data into the Cloud for analysis. While the sensor market continues to garner billions of dollars, the average selling price of a MEMS sensor, for example, is only 60 cents. How will vendors make money in the IoT intelligent systems market?