As IoT opportunities, IoT devices are ready to lead the category of connecting devices by 2018. This category was earlier lead by mobile phones. A study estimates the great potential economic impact of approximately $11Trillion using IoT devices by the year 2025.
IoT opportunities are going to impact with a huge impact on ways of working in business in all the segments of the society. IoT opportunities are also challenging mobile industry with the huge potential to support demand for constant and consistent connectivity. It is also opening another opportunity to empower enterprises towards globalization. This empowerment is by transforming their ways of working towards self-management, flexibility, and end to end control over their networks.
Enterprises as IoT Opportunities
Enterprises are playing a pioneering role in realizing the potential of IoT. This potential further opens up with IoT opportunities and challenges in terms of employment, sustainability and reliability. Understanding the concept of smart cities, small homes, connecting cars etc., enterprises are challenging IoT in many ways. These challenges are to achieve business intelligence, efficiency, customer satisfaction, and new business models.
Understanding the enterprises as IoT opportunities, mobile networks, and their customers/subscribers need to value their relationship and take it to the next level so as to cater the changing demands of IoT and the network.
Considering the IoT opportunities, enterprises which will be managing multiple devices need a solution for complete visibility and control. This results in multiple employment options along with shifting towards new and emerging technologies.
Considering such demands which are associated with this shift, mobile networks itself need to evolve. It is because they are to be ready to provide continuous connectivity while allowing enterprise with autonomy they need to make for their projects leading to success.
IoT as Opportunities
The rapid growth of IoT and opportunities is a result of IoT projects. This result is observed by all businesses and industries irrespective of their size. Use of connecting devices or embedded SIMs generally leads with a two-way communication system. It may be either by transmitted real-time data from the sensor or action to perform after receiving the instructions. This will actually help companies with multiple opportunities, potential, and possibilities in achieving higher customer satisfaction, improved business intelligence, high efficiency etc.
Matured mobile networks and globalization has resulted in an industrial shift which further transformed to digitalization and IoT. Digitalization has played an important role in globalization as a result, enterprises have grown up to multinational level with an increased international customer base. Also, the mobile networks are evolving to the level so that they provide continuous connectivity and reliability to its customers. The key driver for IoT transformation is the potential of globalization. It allows connected devices to talk with another device irrespective of its location. Data that sensors and other devices will generate is going to help the enterprise understand their business growth and customer need.
Hence IoT opportunities are going to play a major shift in overall business across all segments of industries leading to globalization.