|The internet of things (IoT) is gaining attention fast, and on the fast track, they are expected to generate about $1.8 trillion for mobile network operators / Photo by: Daoducquan via Wikimedia Commons|
The internet of things (IoT) is gaining attention fast, and on the fast track, they are expected to generate about $1.8 trillion for mobile network operators. But for it to truly work for the telecommunications industry, CIO review offers that telecom leaders should be ready to “adopt business modes like backend as a service (BaaS), software as a service (SaaS), and platform as a service (PaaS) to maximize gains from IOT.”
One of the aspects of IoT development is data analytics, which business leaders can use in order to “gain insights on consumer behavior and usage patterns.”
As we all know, data is king. Advertisers and marketers now have a better chance of selling soap bars and everything else if they are learned enough to use the right kind of information sourced from data analytics. Spending patterns, meanwhile, help advertisers market at the right time of day, with the right kind of product, or at least to those that were caught by algorithms.
The IoT can also help optimize the workload of companies, or in better terms, help machine-to-machine communication go better through the use of IOT radio-based, lower bandwidth technologies that are not as expensive.
These, spanning a wider area of networks and is thus called WLAN, can help improve machine-to-machine communications.
IOT can also help car-sharing and transportation businesses. The trend now is convenience, which is why so many rely on online shopping to buy almost everything they want. Proximity sensors, in particular, will also be of great help to public transport services because they will be able to improve the applications and better provide information regarding the “availability of the nearest transport services.”
The IoT can also be handy in the external protection of data.
What does that mean? CIO Review illustrates that companies often store data at remote sites and usually receive late attention when calamities strike. Having these places equipped with IOT sensors can greatly improve their chances of being protected.