The internet of things (IoT) is currently pervading across every industry and consumer world, improving efficiency and safety in the workplace. In the telecom sector, the technology can have a significant impact by showing its potential to advance business procedures and generate more revenue. Considering industry reports, IoT can garner US$1.8 trillion in revenue for communication service providers.
IoT in telecoms is used to deliver a collection of products and services that carry additional value to their existing networks. In some cases, telecom companies developed separate networks, particularly for their IoT platforms. And these IoT platforms can be leveraged as the foundation for developers and businesses to build their own IoT products and services.
The use of IoT in telecommunications is also given the ability to deliver high-value, scalable data-driven services that prioritize cost and convenience, while making an optimistic impact on people’s lives.
Leveraging IoT in Telecoms
The advent of IoT in the telecom industry is poised to revolutionize the role of network service providers in enabling effective communication between people and devices. Thus, for industry leaders, there is a need to innovate new IoT-powered services for their customers and applications to enhance their business processes. They can also deploy innovative business models such as SaaS, PaaS, and BaaS to make use of IoT effectively.
By embracing this approach, telecom businesses can determine which applications can be beneficial for their organizations. Also, the major improvements that providers will need to make to implement IoT effectively are to heighten security, modernize telecom infrastructure and improve services.
The Telecoms businesses are fine-tuning their strategies and data services to keep in sync with the fast-moving behavior of the consumer. Besides, they are also revisiting their infrastructure, collaborations and business models to stay a step ahead of the adversaries in the next generation of smart devices. However, lowering to that chase, IoT is transforming the way the industry functions and would have a huge impact on it.
IoT Use in Telecoms
The industry may utilize IoT technology to streamline their business as well as limit energy usage in facilities and make supply chain operations more efficient. Orange, a telecommunication company, for instance, leveraged IoT in several ways. With the Orange Global Connectivity portfolio, IoT devices can connect to the network through data, SMS, or voice communications. In the company’s portfolio, management for IoT connections is performed centrally through web-portal or API. The telecom firm’s IoT platform, named Live Objects, is cloud-based and an open solution that follows market standards.
On another telecom giant, Verizon also utilizes IoT platform for smart cities, smart utilities, smart retail experiences, management of vehicle fleets, asset tracking, and IoT security credentialing. Its IoT platform, called ThingSpace, allows organizations to prototype, test, and connect IoT devices to the Verizon network. The platform also enables secure activation, locating devices, device diagnostics, and lifecycle management of all of an organization’s connected IoT devices.
Thus, the impact of the internet of things on telecoms is immense as most telecommunication companies are adapting to the changing network usage, providing services that would benefit customers.