Humans are natural born communicators, machines are not. This throws up challenges to the success of the internet of things (IoT), which is based on an expanding web of connected devices (the ‘machines’), all communicating with their owners and with each other. We are seeing a huge global shift towards companies connecting assets, but how can we ensure these connections are reliable? How can companies integrate the growing number of different devices into their business on a global scale, and ensure they all communicate seamlessly?
BICS is well positioned to enable this communication, but before looking at the solution, it’s worth examining just how much companies can gain from the IoT. According to a survey conducted by 451 Research, approximately 65% of enterprises utilize IoT solutions for business purposes. The same research projects that enterprise investment in IoT technologies will skyrocket from $215 billion in 2015 to $832 billion in 2020, and expect that businesses will continue to find new use cases for IoT technologies over the next few years.
This is an exciting time for companies looking to profit from the IoT, for example by utilising the big data collected from customer-to-device and machine-to-machine (M2M) information sharing, or offering new digital services which can be accessed and managed remotely. These might include an insurance company collecting data on their customer behaviour to offer Usage-Based Insurance or a GPS manufacturer shifting to service business by launching Fleet Management solutions. However, launching into the IoT and realising these benefits is not so straightforward.
Firstly, in our globalized world, business is rarely purely local and companies wanting to connect and deploy IoT devices and services first need to be able to tap into global telecoms networks. Yet, this is costly and complex. Secondly, companies must learn how to successfully transition from old business models which embrace the connectivity of the IoT. Finally, companies launching in the IoT must be able to achieve high level of automation: managing thousands and possibly even millions of devices require very efficient systems and integration between the various technical enablers.
BICS, solves the challenges of companies launching their IoT projects across multiple countries. Through one single Global SIM and one single technical integration with our customers, our ‘SIM-for-Things’ solution can be used in any device and on any network and allows for global connectivity, with multi-network access in each country.
Moving to a new services-based business model is simplified as the solution has been fully designed for M2M/IoT use cases: our customers find the business model flexibility they need to launch their new connected businesses and they can use it as a true IoT monetization platform.
Finally, our platform has been fully designed with an API philosophy and we are able to deliver the API libraries that our customers need for an easy implementation and integration with their existing IT solutions; services can be managed remotely and in real-time with extensive automation, companies can guarantee their customers high level of support for their connected services. ‘SIM-for-Things’ also helps companies wanting to capitalise on data insights. It collects information about asset performance and customers’ usage from connected devices. Analytics tools then translate this data to help companies understand these areas of business and develop services in response.
Machines dominate the future of IoT, yet connectivity challenges remain. BICS is on hand to help companies launch in the IoT and allow reliable communication across the global ecosystem.
An article by Luc Vidal-Madjar, Head of Mobility Innovation at BICS