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The internet or IoT, and the telecom industry, merged, are proving powerful forces for a lot of businesses and individuals in the world.
If you want to know how does IoT impact the telecom industry? Then make sure you read this article to the end because I will delve more into this matter, highlighting IoT in telecom, and you will also get to know the opportunities IoT opens for this industry and more.
The Many Opportunities IoT Opens To The Telecom Industry
The telecommunications industry is currently regarded as the leading user of the Internet of Things. IoT is the system of interconnected computing devices, mechanical, digital machines, or people provided with unique identifiers or UIDs, and the capability to transfer data over a network without having human-to-computer or human-to-human interaction.
Berg Insight is a popular independent consulting firm, and an analyst in the industry has predicted that from 2024, there will be over 4.15 billion IoT-based devices connected to mobile networks. This means there will be a lot of offers and huge opportunities for telecom industry operators.
Several companies in the telecom industry have been capitalizing on the development in numbers of IoT devices, 38.6 billion of which are projected to be in use globally by the year 2025. Their advantage is the existing infrastructure of smartphone towers and Internet cables, it serves as the ground for devising new solutions and services based on IoT and 5G technologies.
Operators in the telecommunications industry are maximizing these opportunities, developing good ecosystems of interconnected people and devices, and enabling quality communication. Some telecommunication companies have also begun developing services and products based on IoT to satisfy the needs and requirements of their users from a variety of vertical markets.
Currently, the most promising niche for operators in this industry is IoT in home automation. This project will let telecoms provide exceptional services concerning mobile and network connectivity to empower several real-time monitoring systems and smart home mobile applications.
Other telecommunication company’s project includes
Smart cities
Utilities
Manufacturing
Security
Agriculture
Logistics
Telecom companies also need to tie up with professional IoT development specialists that will implement this technology into business processes and infrastructure to further maximize such opportunities.
Some telecommunication companies also need to build several IoT platforms that will allow the production of custom products and services for those who need them.
Notable Use Cases Of IoT In The Telecom Industry
Telecommunication companies are vital to know the use cases of IoT in telecom. The usual work of communications service providers or CSPs involves data transmission through digital channels.
With the implementation of IoT technology, an innovation that will deal with considerable amounts of data, providers in the telecommunications industry will offer entirely brand additional services and solutions to their clients, and improve their position on the market significantly.
These are the use cases.
1. IoT Connectivity Services
The first use case of IoT for the telecom industry is to offer connectivity services to everyone that owns IoT devices.
Everyone will be responsible for collecting, storing, and managing the data, while telecom providers will keep the infrastructure of these clients connected to the network.
2. Data Management And Storage
Data Management And Storage are also one of the cases of IoT in this industry from the IoT devices of clients on the side of the telecom company. Telecommunication companies must be able to manage their client business applications to gain access to crucial information on a platform that is centralized. Likewise, they must take responsibility for the backend processes, which include data storing, classifying, cleaning, filtering, and more.
3. Data Analytics
Data Analytics services are now increasingly popular because they help businesses to extract valuable insights coming from metrics and quickly make revolutionary decisions.
Telecom companies should never miss Data Analytics opportunities because they cannot only store IoT-generated data but also analyze this and deliver meaningful reports to their clients.
4. Asset Tracking
Asset Tracking is one of the widespread use cases of IoT for the telecom industry and is the remote asset monitoring service. There are numerous industries like the transportation, retail, and healthcare industries. The locations of physical assets – orders, vehicles, and patients – should be monitored in real-time, using a mobile application. This is where telecommunication companies will be able to help businesses and governmental organizations: by using their extended communications networks and leveraging cloud computing. They will be able to track the movement of assets through the collection of signals from embedded sensors and transmit these to industry-specific applications.
5. Platform as a Service and Software as a Service Solutions
Platform as a Service is known as PaaS, it is an option that will bring revenue to the telecommunications industry. This will offer their IoT platforms based on the cloud with a lot of tools to their customers so they will independently develop solutions. Thus, this becomes an effective and useful service for clients as they use infrastructure and tools.
The telecommunication industry will be able to offer Software as a Service or SaaS Apps customized according to the demand of the available sectors.
These telecommunication companies will use IoT to extend their services from standard connectivity to end-user applications specific to the industries. It is possible because of user data integration with the massive capabilities of the existing infrastructure in the telecom network.
The Values Of IoT For Telecoms
• IoT is the primary facilitator of the further development of the telecommunications industry and the extension of abilities.
• This technology adds value to the entire industry, by the following advantages:
• Higher speed and expanded bandwidth
• Low latency
• Increased power efficiency
• New jobs
• Increased revenues
• Options For Development
• To get started by making use of the capabilities of IoT, telecom providers need to develop an IoT cloud platform. These are two options.
• Development of a custom platform from scratch. And creating a platform based upon a publicly-available IoT cloud platform.
• Creating your platform from scratch is a long-lasting process that requires monetary investment and a team of highly-experienced specialists like cloud service development engineers.
• Building a telecommunication IoT platform based on ready-made cloud platforms is ideal for some companies because it is less time-consuming and more cost-efficient.
• Without worrying about scalability, data security, and technical maintenance, you need to use their tools, services, infrastructure, and pre-built functions. The only drawback is that the functionality is not as flexible as it should be with custom development. Currently, the best IoT platforms are Google Cloud IoT, Microsoft Azure IoT Hub, and Amazon AWS IoT Core.