Title: Transformation to a Next Generation IoT
Author: Service Provider Working Group - IoTWF 2015
Date Posted: 2015-12-21
Notes: Over the past 5 years, the IoT sector demonstrated high growth for communications service providers (SPs) yielding 20-50% annual increases in device connections and increased new revenue clarity . As the IoT grows, SPs find requirements extend well beyond connectivity to security, privacy, applications, analytics, cloud and managed services, as well as big data management. To meet the opportunity, SPs are realigning service strategy and operations. The most progressive SPs have executed multiple IoT planning cycles which illustrate the priority and broad scope of future IoT services profitability. In these cycles they have prioritized opportunities, ran multiple customer trials, and built capabilities and capacity to scale. In our companion white paper, How Service Providers Can Help Businesses to Realize the Promise of the IoT Revolution, we articulate why SPs are getting into IoT. The SP ‘right to play’ is derived from scale and scope economies their platforms are able to provide in a secure and highly reliable manner. Additionally some SPs will create differentiated products on those platforms. Success herein has delivered a position of high trust in such a role with customers. The gap, opportunity and challenge is in extending integration capabilities to software and data management.