IoT is helping telecom firms by providing business analytics, safety, and remote infrastructure monitoring.
FREMONT, CA: the application of IoT expands fast across all business domains, creating new values and disrupting traditional business models. Taking the lead on the IoT servitization trend gives telecom service providers great opportunities. IoT empowers telecom firms by enabling them to offer integrated, global services to their consumers, ensuring a seamless service experience.
By using IoT, telecom business leaders can gain a large volume of data. Firms can develop an information pool with the help of data gathered by IoT sensors. Firms can use this data to help gain critical business insights. This data will contain insights about customer usage patterns, according to which firms can develop predictive models that can assist them in forecasting the upcoming industry trends.
Telcos can enable energy-efficient machine-to-machine communication with IoT. Telecoms use GSM and WiFi for machine-to-machine communication usually. Telecom businesses can provide low power WAN in IoT devices for several applications, including smart agriculture, parking systems, and many more using low power WAN. Besides, telecom organizations can develop other IoT-based products and services to generate new revenue streams in the IoT market.
Remote infrastructures eat up a significant portion of a telecoms' operational cost. IoT plays a vital role here by allowing remote monitoring and management fo infrastructures. A telecom network will comprise various mobile cell towers distributed across a vast geographical area. Monitoring them for operational efficiency and determining maintenance are essential steps in remote management, and IoT makes it easier. Remote sites are under the danger of environmental hazards, and IoT can help in detecting such conditions too. This can help take control measures to either take preventions or shut down the system to avoid irreparable damages.
Deploying IoT in telecom is all ready to transform the role of telecom service providers in allowing communication between people and devices. Therefore, before adopting IoT in telecom companies, leaders must develop an effective strategy to reap benefits to the fullest.