The Internet of Things (IoT) is happening—are you ready?
IoT in telecom is happening. We can sense it when reading all the news about narrowband IoT(NB-IoT) networks under deployment around the world right now. Have you decided which role you want to play in this industry segment?
Are you a pure connectivity provider or an industry partner for efficiency and innovation? An enabler or provider of new services? No matter what you choose, your core network is the foundation for a profitable IoT business. And some components of it will be critical to deliver the flexibility and efficiency expected by the IoT industry.
It is an undisputed reality that IoT in telecom is already happening
Today there are about 5.6 billion IoT connected devices and the forecast is to reach 18 billion by 2022 (Ericsson Mobility report, June 2017). These devices split into two major segments: massive and critical IoT.
To support the needs of these segments, your core network will face several technical challenges, for example:
- Devices will connect to the network via a multitude of access technologies including 2G/3G/4G/5G, WiFi, NB-IoT, CAT-M1, and EC-GSM.
- Massive and critical IoT have very different requirements for latency, bandwidth consumption, and quality of service (QoS).
- Sometimes IoT devices’ requirements will vary on an event basis (for example, surveillance cameras on stadiums).
- Authentication methods will have to support both SIM, eSIM, and non-SIM technologies.
- To provide safe and easy ways to customize exposing views to industry partners.
But the challenges are not just on the technical side. There are business-related ones as well, for example, how to be profitable in a market of high volumes but, sometimes, with low revenue per device.
You may have asked yourself: “Will the opex associated with running IoT services squeeze my bottom line jeopardizing the extra gains on my top line?”
IoT core networks need to be flexible and agile to address both technical and business needs. And they need to be more automated and easy to operate to answer the dynamism of the IoT market. This gives you quite a big challenge, right?
Embrace IoT already now to be a relevant player in this segment
While some of you who are reading this have already taken the challenge and are pioneering IoT solutions in your home markets, others are probably still evaluating “to be or not to be” an IoT telco player.
The fact is that the ones who come first to the market will acquire experience faster and build a stronger solution and brand perception, which will help capture more IoT customers. And I hope that you want to be in this group, because you will harvest the most from this business in the near future.
No matter whether you are already facing IoT challenges or if you are trying to be prepared for them, you will be happy to know that some IoT telecom core network components can help you address both the technical and business aspects in an easier way.
Moreover, they can allow you to evolve your offering as you get more experience in this business, for example, evolving from being a pure IoT connectivity provider to an advanced IoT services provider and industry partner.
Data management and policy behind the scenes of a massive IoT network
In the continuous quest for easy, Ericsson’s policy and subscriber data management solutions enter the game to support you in the digital journey to become a successful IoT player in your market.
Ericsson User Data Consolidation (UDC) and Ericsson Service-Aware Policy Controller solutions address the IoT efficiency, flexibility, and dynamism requirements that are critical to deliver on the IoT promise.
The beauty here is that you can get all this in the same system in which you handle your human subscriptions—achieving a complete user and IoT solution that helps you to build your Network of Things.
Learn more about Network of Things and the roles of policy and subscriber data management in IoT:Download the paper