The potential of IoT as a technology is immense. It is expected to break new barriers and enter into almost every imaginable industrial operation in the next decade. Whether it is retail, healthcare, finance, insurance or automobiles, IoT shows great promise. As connectivity is the fundamental building block of every IoT use case, the choice of an IoT services provider becomes all the more important.
Expand Vertically and Horizontally to Maximize IoT Revenue
IoT is not a one-dimensional technology. In the past, telcos relied on simple services such as voice and SMS to earn their revenue. But nowadays, the catalog is filled with numerous other services with unrestricted potential and scope. IoT is one such technology that requires a telecom operator to grow both vertically and horizontally at the same time.
The challenge of this growth can sway your focus away from business-critical processes, which are the reason for your revenue. Especially for MVNOs that rely on marketing and niche-oriented strategies, IoT cannot be a viable option unless they have partnerships in place that can support them in capitalizing on the opportunities it presents.
Horizontal Growth
Horizontally, you need to grow in terms of sensor technology, security and cost-optimized IoT connectivity offerings. The hardware and software cost can be debilitating. On top of that, you need to implement next-gen processes such as Over the Top (OTA) firmware upgrade to update the security definitions and other capabilities. Customers would want different type of connectivity at different price points, depending on their cost-requirements. So, you should be able to offer them mobility services or low-power connectivity options etc., depending on their exact needs.
Vertical Growth
IoT requires greater processing power, a state-of-the-art Online Charging System, cutting-edge BSS and next-gen OCS, all at the same time. Existing technologies need to be complemented so that they can meet a sudden rise This is only possible if you are partnered with internet of things service providers that have pre-existing capabilities to take your business to the next level.
Partnering with an established internet of things connectivity provider that has billing expertise can be a great decision, especially if you want to keep growing. It can help you achieve the desired results without compromising your attention on core processes. Secure IoT Services is a top IoT services provider in New York that is capable of handling high-value IoT projects with complete assurance of security.The potential of IoT as a technology is immense. It is expected to break new barriers and enter into almost every imaginable industrial operation in the next decade. Whether it is retail, healthcare, finance, insurance or automobiles, IoT shows great promise. As connectivity is the fundamental building block of every IoT use case, the choice of an IoT services provider becomes all the more important.
