Download BICS Whitepaper on Global IoT
Over the next five years, enterprises will drive the growth of the IoT market and will be responsible for defining the connectivity solutions that underpin it.McKinsey estimates that the Internet of Things (IoT) will have a total potential economic impact of $3.9 trillion to $11.1 trillion a year by 2025 and will have a huge effect on the way businesses function in any sector. Today’s mobile networks have not been designed to provide mobile connectivity for the Internet of Things.
This paper examines the IoT driven demand for constant, consistent connectivity and describes how mobile networks need to empower enterprises by transforming themselves in terms of globalisation, self-management and flexibility, giving them end-to-end control over their IoT networks.
IoT devices are set to surpass mobile phones as the largest category of connected devices by 2018.
Enterprises are playing a pivotal role in realising the potential of IoT. From connected cars to remote healthcare, enterprises are pioneering new uses of IoT to achieve greater operational efficiency, customer success management, business intelligence, new services and new business models.
In this context, the relationship between mobile networks and their subscribers needs to shift to cater for the changing connectivity demands of an IoT world. As the appetite for IoT explodes, enterprises managing tens of millions of devices need a solution that offers complete visibility and control of their IoT networks.
To address the changing connectivity demands associated with this shift, mobile networks need to evolve to deliver continuous, worldwide and flexible connectivity while giving enterprises the autonomy they need to make IoT projects a success.
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