IoT is an ecosystem with various components ranging from devices/sensors to communication gateways, to network connectivity plus a management platform. IoT shall hence lead to new business models and new opportunities in the market and network service providers who have until now excelled in connecting phones, PCs/Tablets and other consumer devices shall have to develop new capabilities to create and manage the IoT ecosystem and as it matures/evolves to the network/web of IoT ecosystems.It still being early days, the network service providers can explore multiple approaches towards IoT:this is the core capability of network service providers and their basal offering towards IoT solutions. However IoT management platform needs are much more ranging from device management to application management, improved connectivity management for IoT, e2e data management and visualization, analytics and external integrations. Offering management platform helps the network service provider increase their play in IoT beyond connectivity and increase their addressable market/revenue potential while offering a more complete IoT solution to their customers.this is when the network service provider offers all components of the IoT solution right from devices/sensors to gateways, network connectivity and management platform. ).this is when the network service providers focuses on a particular industry/vertical for its IoT solutions for e.g.

Source: Economic Times August 26, 2017 06:56 UTC