IoT Benefits and Growth Opportunities for the Telecom Industry

It also features a case study of Bell Canada Enterprises (BCE) Inc., which highlights IoT-based business models in the industry. The study reveals that telecom operators have started implementing IoT projects, however, true revenue streams are yet to materialize. Ten IoT-based business models have been identified at BCE Inc. The book points out that operators do leverage existing infrastructure in terms of broadband fiber and mobile connectivity in part and resort to partnerships and acquisitions to acquire much-needed knowledge, technology, and smart devices. Concerning the effect of IoT on the telecoms’ revenue streams, it was revealed that new entrants, who are not necessarily in the telecom industry, have impacted the old players’ revenue streams. OTT services like YouTube, WhatsApp, IPTV, Netflix, are the biggest culprits. Seven key technological drivers for IoT have been identified and include widespread wireless connectivity, the availability and affordability of microcontrollers, sensors and actuators, the decreasing cost of bandwidth, the recent implementation of IPv6, and the ongoing development of 5G network, as well as the use of cloud computing and analytics.