6 Essential Services for Maximizing the Impact of IoT Services
IoT is the next wave of innovation and has great future in the coming years. IoT services providers are becoming more and more popular because they have the ability to offer complete service packages that are ready to use. Have a look at some of the most sought after services offered by IoT services provider:
M2M connectivity or IoT data connectivity
M2M connectivity is the building block of an IoT network. As there are several devices that need to be connected for the formation of a sprawling IoT network, data connectivity is of paramount importance. IoT data connectivity can be a mixture of many different connection platforms that may include broadband, WiFi, and cellular data. Although the bandwidth and latency of data connection play a huge role in many IoT use cases, there are several cases that have unique requirements.
For example, if there are a large number of sensors in an IoT network, you might find it difficult to keep them powered on all the time. When sensor discharge is a major issue, it is better to employ low-powered connectivity platform like Sigfox or LoRa. It is the responsibility of an IoT services provider to have all types of connectivity solutions available for fulfilling any type of clients’ needs.
IoT security for preventing data breaches
Security may not seem like a service on the face of it, but it is the most important requirement of an IoT platform. Every internet of things companies needs to have robust encryption to prevent hack attempts. If the data transmitted via an IoT sensor or device is somehow hacked, it can lead to the compromise of vital customer information like bank account information. Every IoT services provider should be able to guarantee data security of data repository and data transmissions.
Analysis of data
Data generated by IoT devices needs to be processed for it to have any value in an IoT use case. For example, a self-driving IoT system installed in a car can only maneuver the vehicle in the right direction if the video captured by the camera is analyzed at the sever end and analysis are sent back immediately. Real-time analysis of data via high-end AI tools is an important requirement that needs to be fulfilled by an IoT services provider.
Development of IoT applications and IoT-related functionalities
IoT applications are an integral part of the IoT universe. Without these applications, the devices and sensors placed at different locations will simply not work. Also, as an IoT network is a unique platform, and it requires certain cutting-edge functionalities. For example, to upgrade IoT devices, an IoT services provider should have the capability to deliver Over the Air (OTA) firmware updates.
Convergent and real-time charging
IoT is just one of the many services that a telecom operator needs to offer. Separate billing of IoT services can make the task complex, both for operator and subscribers. Therefore, a convergent and real-time charging platform like Online Charging System (OCS) is required. An OCS can charge each and every service in real-time and allow for the generation of accurate invoices. Also, a real-time OCS can track each and every IoT transaction with great accuracy. It can enforce credit limits effectively and prevent subscribers from exceeding their allotted quota of IoT data. An OCS is an important requirement for IoT billing, which is why; every IoT services provider should have it at its dispoal.
Full reporting of every transaction
The scope of IoT and associated transactions is huge. A telecom operator requires complete reporting functionality, in order to understand customer behavior and formulate strategies accordingly. A good IoT services provider always maintains complete reporting of every transaction, and provides it to its clients.
The above-mentioned functionalities are crucial for the rightful operation of MNOs and MVNOs. IoT services provider should be capable of offering all these functionalities under a single platform.
