Thank you for Subscribing to Telecom Business Review Weekly Brief
Telecom Business Review | Monday, March 20, 2023
Increasingly, telecom companies promote IoT services across various industries, including medicine, retail, agriculture, and more.
FREMONT, CA: Internet of Things technologies rapidly advance in the telecommunications industry. According to Berg Insight, a specialized IoT analysis company, 4.15 billion IoT devices will be connected to cellular networks by 2024, providing telecom operators with significant opportunities.
Let's examine how IoT solutions and services are gaining traction in telecom organizations and what benefits they offer.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
The Possibilities IoT Creates for Telecommunications
Telecom businesses have capitalized on the proliferation of Internet of Things (IoT) devices (38.6 billion of which are forecast to be in use worldwide by 2025). Their most significant advantage is their existing infrastructure of internet cables and mobile phone towers, which serves as the foundation for developing new 5G and IoT-based solutions and services.
Consequently, telecom operators leverage the prospects of establishing large ecosystems of networked devices and people and enabling seamless communication. Numerous telecom service providers have already initiated the development of IoT-based services and solutions to meet consumers' requirements in various vertical markets.
IoT in home automation is now the most attractive niche for telecom operators; telecoms can provide superior mobile and network connectivity services to enable smart home mobile applications and other real-time monitoring systems.
Historically, the primary function of communications service providers (CSPs) has been transferring data over digital networks. But why not maximize the possibilities of data? By deploying IoT technology, which also manages vast volumes of data, telecom companies can offer new solutions and services to their customers, greatly enhancing their market position.
Let's now review the most prevalent IoT use cases that telecom firms can adopt and the IoT solutions and services they can create.
IoT Connectivity Services
The fundamental Internet of Things use case for telecommunications service providers is providing connectivity services to customers with their IoT devices. Clients are responsible for data gathering, storage, and management, whereas telecom providers maintain network connectivity for clients' infrastructure.
Data Storage and Administration
Another possibility is for the telecom firm to store and process data collected from clients' IoT devices. The customer operates a business application to access the required data on a centralized platform. At the same time, the supplier is responsible for backend activities such as data storage, cleansing, classification, filtering, etc.
Data Analytics
Several analytics services are gaining popularity because they enable businesses to extract essential insights from raw measurements and make decisive decisions. Telecom providers should take the chance. They can store IoT-generated data, analyze it, and provide clients with actionable reports. Enhanced with AI and ML-based algorithms, specialized telecoms platforms can provide predictive analytics services that will soon be in great demand.
Asset Management
Another widespread IoT telecom application is remote asset monitoring. In many industries, including transportation, retail, and healthcare, it is necessary to follow the location of physical assets (vehicles, orders, patients) in real-time using a mobile application. With their extensive communications networks and cloud computing, telecom operators can monitor the movement of assets by gathering signals from embedded sensors and relaying them to industry-specific apps.
PaaS and SaaS Solutions
Platform as a service (PaaS) is another revenue-generating alternative for telecom firms. They can equip their cloud-based IoT platforms with various tools so that their clients can autonomously design solutions. Customers can consume infrastructure and tools without having to manage or provide support for them.
Telecom providers can also provide SaaS apps that are targeted to specific businesses. Examples include a mobile healthcare application for glucose monitoring and a mobile transportation application for fleet tracking.
Hence, telecom companies' use of IoT expands their offerings beyond ordinary connections to include industry-specific end-user applications. The integration of user data with the massive capacities of the current telecom network architecture makes this possible.
More in News