It’s no secret that our world is becoming increasingly connected. People, cars, robots, and various other machines responsible for connected devices are expected to reach the billions within the next few years. No surprise, then, that Internet of Things (IoT) connectivity implementation and adaptation is top of mind for both enterprises and operators.
According to forecasts from the Ericsson Mobility Report, the number of connected devices will be nearly quadruple the world’s current population by 2023. Of the 30 billion connected devices that will be circulating from North America to the Far East, around two-thirds will be powered by IoT. While those figures may sound astounding, the technological innovation and disruption that we have been witnessing over the past decade has created even more opportunity for evolution within our industry – especially as it relates to global connectivity and management of people, devices, and things.
Moving beyond traditional roles
Operators and enterprises have just begun to realize the opportunity that IoT presents to their products and services, helping to enhance user experience and capturing endless data points to further their business goals and drive strategy. Technology providers have also jumped on the IoT bandwagon, looking for ways to offer technology that will deliver reliable coverage and connectivity.
While industry players and network operators are in a constant race to develop and offer services and connectivity that will power devices efficiently and reliably, the advent of IoT has shifted their focus to how they can transform their traditional roles as phone carriers and data providers to digital service providers. To provide digital services, operators will need to think of innovative ways to add value – and consequently be driven by value with all the progression transpiring in their space. With the IoT revenue opportunity predicted to reach $1.8 trillion by 2026, everyone is looking for a piece of the pie.
How to break through the web of connections
With such a large volume of connected devices expected to be in circulation in the near future, traditional cellular and wireless networks will no longer suffice for IoT deployment, especially when it comes to devices located in hard-to-reach areas such as underground tunnels, sewage systems, or distant rural locations. The existing products in the market – 3G, 4G, and LTE – while representative of great opportunity for wireless and mobile connectivity, do not deliver the cost-effective, technical infrastructure needed to enable all future IoT devices. The requirements of these connected devices vary across a spectrum of use cases – and while connectivity will be assessed on a case-by-case basis – a low-power wide area network (LPWAN), such as Narrowband IoT (NB-IoT) will be best suited for efficient data transfer and maintenance of battery life.
To ensure successful IoT deployment across a range of diverse connected devices, NB-IoT connectivity added to managed cloud-based services addresses the evolving needs of operators and enterprises. Based on existing LTE network infrastructures and optimized for IoT devices that send smaller volumes of data, this helps operators and enterprise customers manage the complex web of what will be billions of connected things.
Businesses will not be required to invest thousands to deploy an on-premise network, and in fact can rest assured that no changes will need to be made to their existing network infrastructure through the service’s seamless integration. With one connection, operators and enterprises can drive competitive advantage, improve brand and marketing position, and use global connectivity and management to differentiate themselves.
Support the connectivity among people, machines, and things that you need to address evolving needs of your applications that require indoor coverage at a low cost with a long battery life. Explore the latest NB-IoT connectivity of SAP IoT Connect 365.