As new technologies disrupt and transform telecom operations, the only constant in the world of telecom is ‘change’. For those Internet of Things Companies that do not ‘change’ according to the changing requirements, the subscribers punish them by leaving their services and moving on to their competitors.
Amongst the many transformations that are beckoning the telecom industry, IoT is definitely the biggest. IoT is a truly revolutionary tech with great potential and amazing forecasts. According to a survey, the number of IoT devices is anticipated to reach over 20 billion by the year 2020. Such a vast growth and the resultant expansion of the IoT network, is expected to generate trillions in revenue for telcos that are teetering due to excessive competition from all fronts and need a respite in any form. But, a move to IoT does have its challenges that need to be addressed by telecom operators both big and small.
