Is data irrelevant if it is not being applied in a practical and meaningful manner? This is a question that every business owner needs to consider. With the ever-expanding market of the Internet of Things (IoT), businesses around the globe are experiencing an influx of data generation.
In nearly every sector of business, the machine-to-machine (M2M) market makes an impact. As the vast world of technology continues to escalate at the rapid pace it currently does, there will only be more and more opportunities for the M2M market to follow behind.
Billing is one of the most critical components for any business but it is one that has advanced to an entirely different scale than in years past. Back in the day, organizations could flourish with legacy-based billing solutions implemented as the models were much more simplistic and the market was not nearly as optimized.
It is virtually impossible to run a successful business without data. The importance it holds is irreplaceable. Yet, at the same time, huge volumes of data will be meaningless without application. Corporations need to utilize data analysis tools to process this information to ensure the utmost value is being provided from the data that is collected.
Did you know that your smartphone has a sensor that turns off the display when the phone is held close to the ear? If not for this sensor, you would find it hard to speak/listen on the phone without accidentally pressing on the touchscreen. Just imagine muting the call inadvertently and speaking for a long time. This does not happen because your phone has a magical in-built sensor called proximity sensor.
We’re living in a world where every day, there is an innovation. An era where temperature, switching on and off security lights, monitoring water levels in our gardens is done through the Internet of Things. It has been predicted that by the end of 2020, there will be an increase in the use of IoT devices by 65%. This would automatically result in a need for better monetization of IoT services, for which improved IoT billing system would be needed.
IoT is making devices smarter and our life better. It has huge potential for telecom companies that are looking to increase their revenue in the near future. However, venturing into the IoT domain has its own fair share of challenges.Continue reading
As the age of IoT beckons, the telecom industry is at the cusp of a mega transformation. The time is ripe for those who want to take a leap and truly transform their business into something spectacular. The number of IoT devices is expected to make a jump from the present-day 26.66 billion to 75 billion by 2025. Such a fast influx of new devices is only going to increase the competition between the existing players in the market. In these highly competitive times, a cutting-edge IoT platform can be the difference maker between companies and presents a remarkable opportunity for those who are willing to change according to time.
Of late, the telecom industry is seeing a rise in the number of MVNOs. However, an increase in their number does not indicate a constant rise in their success rate. MVNOs, regardless of their business model, need to focus on customer acquisition, M2M connectivity to sustain subscriber interest for a long time.Continue reading