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article imageHow the Internet of Things is starting to disrupt telecoms

By Tim Sandle     Dec 13, 2017 in Business
The Internet of Things is is forecast to add $14 trillion of economic value to the global economy by 2030. This presents opportunities for the telecoms sector. In embracing these challenges partnership models will become more common.
The telecommunications industry can take advantage of the growth of connection technology through each of the main elements of the telecoms ecosystems, made up of sensors, devices, data centers and people. Whether these opportunities are harnessed by major players or aggressive startups is yet to be decided.
These issues are set out in a recent research from the World Economic Forum titled “Digital Transformation Initiative: Telecommunications Industry.” The report was developed with the technology company Accenture.
Digital transformation of telecom
The report argues that the digital transformation of most businesses will present new opportunities for telecom companies. Here many companies will reform their business models and this is likely to include linking over 50 billion legacy sensors into a common network. This remodeling can only be achieved by industries working in tandem with telecoms.
The telecom industry will benefit in terms of core services like an increased demand for data packets, the report acknowledges that greater opportunities are there for those companies that elect to innovate beyond infrastructure This includes building the platforms, applications, integration and analytics capabilities that can present the greatest benefits to businesses of the Internet of Things.
Internet of Things disrupts established models
The types of sectors where the greatest opportunities arise for the telecom sector include health and fitness, home security, automotive, information and entertainment, and home automation and energy management. The major interfaces are set to be business-to-business and business to consumer.
Some of the major players have come up with new packages to meet business needs, such as Intel’s IoT Platform, which provides device connectivity, cloud hosting and analytics support; and similar offerings from Apple and Google. A number of startups are also putting forwards business solutions of interest.
Startups
DevicePilot is one such example. The company focuses on Internet of Things device management and scaling projects up. Similarly OpenSensors.io aims to provide a central, open platform for publishing and subscribing to real-time data streams generated by business related connected devices. Another startup is KisanHub, which collects vast amounts of data which farmers can use to boost efficiency and make better agricultural decisions.
As the race to develop technologies and to sell to businesses accelerates the telecom market, the report predicts, is set to become increasingly competitive. This competition is not simply for business opportunities but also in relation to human resources and the quest for top talent.
This new arena presents a space that startups can exploit; however the model of a lone startup will not work in all situations. The report indicates that partnership models will be necessary for offering a complete solutions package, such as data analytics, enhanced security, and cloud services to systems integration, to businesses.
Another key trend signaled in the report is how the Internet of Things can help businesses reduce carbon emissions. This is future state discussed in the following article “Developing a green business with the Internet of Things.”
More about internet of things, Telecom, Telecommunications, connected technology