Sunday 3 December 2017

The Impact of IoT on the future of Telecommunications

“Internet of Things” holds the immense value that will impact the telecommunications industry translating to wide benefits and improvements in everyday lives of consumers. IoT will add billions of new connected data sources globally by 2020.

Creating New Opportunities
The telecommunications industry owns the wireless and wireline infrastructure through which data travels, it takes up the primary position in the value chain. This position will eventually bring about major IoT opportunities for the telecommunications sector.

Enhancing the Customer Experience 
The IoT revolution enables telecommunication network providers to create value in exceptional ways. IoT technology will enable telecom companies to monitor and plan maintenance more effectively, optimize bandwidth and coverage to boost download times, and improve Customer Service by reducing dropped calls and service wait times.

The potential to bring about significant changes
Driven by innovation and longer-term cost efficiencies, the IoT technology can provide a sustainable, safe, and efficient telecommunication services that benefit consumers, industry, and society by reducing costs and generating revenue from new sources, and also help solve many real-world problems.