Although companies around the world have automated their factoring and distribution of goods for years, the digitalization of enterprises does not stop here. The Internet of Things is one of the most important digitalization trends and changing how the industry works right now, smart entrepreneurs have been using IoT to monitor, automate and improve the overall performance of their businesses for a while.
Integration of IoT in your business
Depending on the use case, there might be countless devices you want to connect. You are a carrier and want to monitor all technical details of your trucks like fuel consumption, charge weight and time permitted for loading?
You are an industrial agriculturalist and need to monitor temperature, humidity, wind velocity or soil conditions in a wide area?
Does your innovative business depend on remote controlling various devices? The Internet of Things will make your processes more efficient.
The complexity of connecting devices with the IoT
The IoT enables your company to integrate communication with products or objects within your business process in a cost-efficient, automated and intelligent way. The Internet of Things, or Machine to Machine communication itself, needs following technical requirements to operate in an efficient way:
- Hardware that collects and processes data
- (Mobile) Network to transmit collected data
- Software to manage your connections
While it might depend on your use case which hardware is best suited for the job, a network and software to manage your connections are irreplaceable.
WLAN vs. Cellular Networks
A WLAN-IoT network is a great fit for stationary use cases like manufacturing and can be installed on top of an existing WLAN-network. Therefore it´s a cheap and easy way to connect your devices.
If your devices must be able to be connected mobile, using cellular networks like LPWANs, Low Power Wide Area Networks, is the way to go. It enables your devices to communicate under (nearly) global coverage. The two most important LPWANS, LTE-M and NB-IoT, are fitted to work in nearly every thinkable use case. We have written an article about the major differences between LTE-M and NB-IoT, you can find it here.
GSMA, the worldwide union of more than 750 mobile operators, forecasts that from 2019 to 2025 IoT connections worldwide will increase from nearly 9 billion to 25 billion connections. About 3.1 billion connections, or 12 % of total IoT connections, will be accomplished be licensed cellular IoT networks like LTE-M or NB-IoT.
If you are interested in a detailed insight about the global connectivity market you can download the GSMA report here.
IoT Network Management – Connectivity Management Platform
McKinsey interviewed leading experts of different branches and while they all approve to the importance of IoT for their enterprises in the future, it seems like the industry is lacking willingness and ability to manage such a network across all branches. Because managing your (cellular) connections by hand would be very challenging, new systems have been developed to help businesses to manage their connections. So-called CMPs, Connectivity Management Platforms, help you to administrate and overlook all your connections. Those tasks include amongst others:
- Monitoring the status of your connections
- Managing VPNs, roaming profiles, service setting, security profiles
- Online Usage Controlling
IoT & M2M Billing
Enterprises are facing multiple challenges if it comes to the possibility to charge for their IoT business models. There is plenty of complexity, especially related to mobile connectivity in combination with devices and services. The globalisation makes it more complex for companies on the one hand but on the other hand, it enables them to open new markets and revenue streams. The fact that goods will be produced and shipped all over the world, in many cases without knowing the destination during the producing procedure makes it very difficult to finally charge for a service, device or whatever the enterprise or company is distributing.
Our multi-layer IoT billing software enables companies to overcome that complexity, to adapt it perfectly to the own needs and to especially charge for mobile IoT- Internet of Things – related connectivity or services in the best possible way. We empower our customers to fully integrate existing systems, other billing software, CRM and various components through our powerful ESB into our billing platform and the other way round to enable the full power of the customer’s entire tool eco-system.
The full flexibility, as well as the available customization features, are giving enterprises the power to tailor business models to their customer needs instead of finding ways to make complex billing procedures happen. For us, it does not matter if an enterprise wants to charge or bill e.g
- MegaByte (KB, MB, GB, TB and so on)
- Usage of a Service
- Voice Seconds/Minutes
- m3, kWh …
- all kind of Metrics
or whatever data the device is collecting. The possibility to bill all kind of values makes our billing a perfect fit for nearly every enterprise within the IoT eco-system today. Tailored to the needs of machine-to-machine / IoT business models, our IoT billing engine is a real-time system providing enterprises with the most powerful tools to make complex billing procedures reality with less effort. More information about our IoT billing software or our core platform components can be found at our CMP Platform page