From the connected cars & wearable devices to the smart homes & cities, the Internet of Things (IoT) is transforming the world around us, particularly in the telecommunications and eSIM management solutions. It is the fourth industrial revolution which is also driven by Artificial Intelligence (AI), 3D printing, robotics, & various other emerging technologies which will irrevocably change the way that machines interact with humans & each other. How can companies and industry professionals stay ahead by leveraging the Internet of Things? Let’s understand how.
- Data Analytics
By using IoT in the telecom companies, the business leaders can get large volumes of significant data. The telecom companies can develop the information pools with data collected by IoT sensors. After this, Telcos can utilize the data acquired and generate analytics which can help to gain key business insights. In addition, analytics can also help business leaders to understand customer usage patterns. Thus, by combining IoT data with the use of big data analytics, telecom companies create predictive models that can help them to predict upcoming trends in the telecom industry.
- Data-Driven Networks
Reliability, service quality, & intelligent dynamic capacity allocation are important for IoT services like autonomous cars, insulin pumps, and heart-rate monitors. Improved network analytics capabilities allow providers to achieve real-time & predictive IoT network maintenance and it improves services & keeps costs down. We can expect to see this data-driven approach become the core enabler of automated and intelligent networks which incorporate the next-generation technologies such as 5G, eSIM Solution, SDN, NFV, cellular V2X, & service cloudification.
- Revenue Vs. Value
The global connectivity of telecom industries is exploring their revenues which are diluted by the service commoditization & competition from over-the-top (OTT) providers. Simultaneously, data consumption has developed exponentially. IoT in telecommunications is defined by the capability to deliver high-value & data-driven services which prioritize cost & convenience by making an optimistic impact on people’s lives. The market leaders are the telecom providers who partner with customers, platform providers, and domain specialists to co-create the next generation of the IoT networks.
- Safety hazards
Remote sites are vulnerable to hazards like fire, floods, bad weather, & earthquakes. While all such incidents occur, the telecom industries have to executive the preventive measures immediately as such hazards can lead to various irreparable damages to the equipment. Thus, by leveraging IoT in telecom, remote sites are monitored more efficiently for safety hazards. For instance, IoT sensors can notify concerned authorities in case of the fire in the remote site. After receiving the alert, telecom industries can quickly implement prevention & mitigation strategies.
Before adopting the IoT in telecom industries, business leaders have to develop an effective strategy. Thus, for this purpose, the business leaders have understood which type of IoT data will generate. Also, businesses need to boost data security to protect their data from hackers. Business leaders can use the blockchain to make IoT more secure. Alternatively, businesses can use leading IoT management platforms like AirLinq to establish a global footprint in a cost-effective manner.
