Internet of Things (IoT) is currently pervading across consumer world and every industry, where it improves safety and efficiency of the workplace. IoT is increasingly becoming significant with the rise of wearable fitness trackers, intelligent thermostats, and autonomous vehicles. Such technologies are gaining acceptance across the globe, on the account of smarter and more interactive attributes. In the telecommunication sector, technology has an immense impact, showcasing high potential to generate more revenue and advance business procedures. Additionally, IoT in telecoms helps in delivering a collection of products and services that add profitable and more value to their existing networks. By utilizing IoT, telecom services can acquire large volumes of critical data that can be used for generating analytics and developing prediction models. Moreover, IoT aids in offering scalable data-driven services to prioritize costs, high performance, and convenience, in addition to making an optimistic impact on consumers.
The introduction of IoT in telecommunication sector is set to transform the role of B2B telecom service providers in empowering communication between devices and consumers. Thus, telecom business leaders are currently centered on new IoT-enabled services for their customers and applications to improve business processes. These operators are also likely to implement innovative business models such as PaaS, SaaS, and BaaS for widespread utilization of IoT within the industry. Moreover, rising interaction between sensor technology and the network layer will contribute to development of the telecom IoT market.
Edge Computing: The Next Leg of Telecom IoT
As businesses have become highly technology-driven and facilitate more connected devices, solutions and sensors, the latest computing power of the cloud is not reckless enough to elevate performance in real-time. In order to maintain, plan, monitor, optimize, and analyze connected IoT applications, enterprises will require computing power done near the edge. Growing demand for edge computing creates an opportunity for communication service providers developing 5G networks. Additionally, speed, density, and high capacity of 5G networks and connections, when combined with cutting edge technologies such as machine learning & artificial intelligence will enable the connected solutions and enterprises to adapt & change processes at the faster rate to produce a greater return on investments (ROI). In Oct 2019, Sprint, a prominent US communication service providers, announced two latest updates to its IoT accelerator-powered by Ericsson known as ‘curiosity IoT’ platform. The company’s platform is now heightened with an isolated IoT network solution and NB-IoT functionality.
IoT to Push Telecom Infrastructure Management
Sharing telecommunication infrastructure is becoming progressively popular around the world, as it increases competition among providers and lowers the barriers to entry. Passive infrastructure sharing is also considered an important aspect, as it maintains and builds telecom infrastructure which is a capital-intensive industry. The need for passive infrastructure will continue to grow as 5G wireless leads the connections that are significantly decentralized. Furthermore, IoT plays a vital role in not just 5G network services, but also in monitoring and surveillance of next-generation infrastructure. An IoT-enabled operators incorporate cloud-based analytics with on-site IoT sensors to analyze and extract cell-tower data, thereby resulting in reduced operational cost, increased tower time-up, improved site security and intrusion detection, more efficient OSS and BSS, and more power management/efficient energy. The degree of remote monitoring permits telecom infrastructure and tower companies to manage key performance indicators and monitor alarms via a centralized console. In turn, it allows freeing up IoT telecom professionals to concentrate on better network planning and resourcing and better overall infrastructure management.
Telecom IoT has significant growth prospects in the global marketplace, due to its wireline and wireless infrastructure performance which is applicable in the telecommunication sector for customer service. A major growth-driving factor of the telecom IoT market is growing need for enhanced connectivity solutions in order to connect smart devices. Today, telecom operators are using digital IoT platforms that combine analysis, connectivity, security, mobile, and cloud to support business, which in turn stimulate greater revenue opportunities. Additionally, key telecom operators are significantly involved in mergers and acquisitions to provide industry-leading technologies to their customers.
Some of the notable collaborations and innovations include the following:
- Nokia to Provide 5G in Italy and France, While Enabling IoT in Argentina
In February 2020, Nokia announced to extend its partnership with Iliad Group, a French mobile operator, to roll out 5G networks across Italy and France, which has also been selected by Telecom Argentina to support new enterprise IoT services in the country. This deal will focus on 5G introduction in France and Italy coupled with network monetization in both countries.
- Pan-European Partnership to Defeat Cyber Attacks
Cyber-attacks targeting subscribers and service providers in the European Union are on a significant rise. In a bid to fight against surging cyber-attacks, global communication enablers POST and BICS Cyberforce launched a telecom security solutions in February 2020, to safeguard mobile subscribers, operators, and generate higher revenues.
- Iridium to Deploy IoT Services with AWS
In January 2020, Iridium Communications Inc., announced its first-ever cloud-based solutions offering to global coverage of IoT use cases. The company will combine with Amazon Web Services (AWS) to offer cloud services and IoT, to extend customers reach to more than 80% of the global population. It combines the Iridium network and AWS supporting infrastructure and services that will allow consumers to lower fixed operating costs, reduce engineering time, and experience faster development and deployment of new IoT products and applications.