How are enterprises using the IoT to improve their business?
Enterprises are already realizing valuable benefits from their IoT solutions, including the following:
Long-life assets in the field: A utility meter manufacturer deploys products with embedded SIMs. They will be able to stay deployed for multiyear periods without having to be replaced due to a change in service provider or connectivity type. This is especially useful because smart meters need only intermittent and low data-rate communications. Thus, they can benefit from the newer IoT connectivity technologies that provide low-power
New business models for capital-intensive industries: Equipment deployed in construction, agriculture, and healthcare can benefit from IoT-enabled predictive maintenance and asset tracking. There is also a developing opportunity to use the IoT to enable new business models for providers of such assets that can shift to delivering them on an “as-a-service” Cloud-based IoT connectivity management platforms can support delivery of such applications on a flexible and cost-effective basis, even enabling dynamic pricing changes.
Single-site manufacturing for internationally shipped devices: A manufacturer produces devices, goods, or equipment at scale that are intended to be Even if these devices are manufactured in a single facility, they can be sold or deployed in multiple countries, with activation managed simply through the SIM and linked to the device’s SKU. Profiles can be easily managed and subscriptions updated through the connectivity platform.
Cross-border mobility: Connected mobile (or portable) assets – such as those used in fleet management and logistics – can dynamically change service providers when crossing Delivering connectivity for portable assets and vehicles requires the ability to control costs, adjust pricing according to data usage, integrate with other vehicle systems, and shift between networks as needed.
Vesa Lindberg, Head of Product Management, Operator Services