What Are the Benefits and Challenges of IoT for the Telecom Industry?
IoT is transforming the business ecosystem of the telecom industry. It offers several high potential benefits for the Telecom Industry.
IoT Benefits & Growth Opportunities for Telecom Industry
Highlights of IoT-based business models in the telecommunications industry to assess the impact of Internet of Things on the revenue streams.
Examples of vertical markets for the IoT
The most obvious examples of IoT application markets include industrial with factory 4.0, automotive with smart parking, home with smart buildings, agricultural with soil analysis, medical with wearable fitness devices, military with threat analysis, environmental with weather prediction, retail with inventory control, etc. On top of that, there are other markets like energy, education, logistics and transportation, and many more.
What about IoT and Telecom
The Telecom industry has been trying to integrate IoT in their operations to build on the momentum seen in other industries and to take advantage of the potential gains it promises; however, a number of obstacles and constraints are hampering that effort.