admin Internet of things, also known as IoT, refers to the collective network of connected devices and the technology that facilitates communication between devices and the cloud, as well as between the devices themselves.
Telecom is the exchange of information over large distances. Telecom consists of a transmitter and a receiver. The medium by which signals are transferred are usually, fiber, electromagnetic fields, light, cable etc.
According to statistics, the total IoT market worldwide was estimated at approximately $389 billion and is predicted to grow to over $1 trillion in 2030. In addition, the number of devices connected to the Internet of Things worldwide is forecast to triple over this period of.
IoT in Telecom
IoT solutions are placed across various sectors around the world. It’s a common practice. IoT in telecom business is expected to grow more and strengthened in the future. The practice of IoT is a must for the telecom business and for them to embrace digital age.
The communication of IoT devices can be unidirectional (send data) or bidirectional (send and receive data). If it is a remote communication then the data has to be transferred via a gateway. The network protocol used can be Wi-Fi, Bluetooth, Satellite, or directly connecting to the internet via ethernet port.
Business growth
IoT in the telecom business is completely changing the technological landscape, and is creating a new environment throughout. By 2025, 38.6 billion IoT devices are predicted to be in use worldwide. The telecom market is revolutionized due to IoT. It is enhancing our surroundings, objects are turned to be smarter and everything seems to be connected in today’s world along with interaction between objects, just like a transmitter and a receiver.
For a business organization or an industry IoT automates flow of work. IoT along with the invention of 5G has brought about revolutionary approach. Internet of things acts as a bridge that connects digital and physical environment. It enables telcos to become market leaders and to connect with business worldwide, while also staying up to date with the competitive aspects of online market. ‘
Connectivity Services
IoT’s connection provides the following service:
- Data analysis
- Location services
- Low power WAN
- Autonomous cars
- Equipment monitoring
- Hazard detection
- Security
- Industrial monitoring systems
- Smart cities and houses
- Healthcare
The benefits provided
IoT-based technology helps in efficient optimization. It helps to decrease resource requirements and avoid errors that would be caused by humans. Data analytics monitors user behavior so that customer interaction is minimum. However, IoT provides exemplary satisfaction to the customers and makes sure that they don’t come across any error that a human would generally cause.
IoT provides accelerated speed boost and advanced bandwidth, and broadcast information to numerous users from thousand devices without slowing down and causing traffic.
Tracking and monitoring is another service provided by IoT for the telecom industry. IoT is used to track products, monitor customers and their satisfaction with the arrangement, and monitor mostly bought products to gain knowledge of which products need to be manufactured resulting in saving material, time and energy.
Smart home, smart car, fleet management, and smart city solutions are some of the examples of use of IoT in telecom industry.
Enhanced Security
The development of smart cities, has brought about the need for enhanced security. IoT completes the need for security offline and online in a smart city. Wifi or Bluetooth is used for security cameras. IoT-based smart cameras become the best solution in terms of physical security — they can monitor potential safety breaches and automatically send warning alerts. Thus, using the capabilities of the Internet of Things in the telecommunication business allows enhancing physical safeness by restricting access to third parties and preventing potential security threats.
The results of studies show that the IoT can save businesses $1.2 trillion — and that’s just the performance cost. Furthermore, the crucial point is that investments in IoT come back from the first days of implementation of the solutions — this is achieved through cost savings. And this is important both for telecom startups and for leading enterprises. A few years ago, 71% of IT and telecom companies embraced IoT, and as of today, the percentage of this penetration continues to increase.
Magazine
