Enterprises are adopting IoT at an increasing rate. A multitude of sensors collecting previously inaccessible data are
monitoring, controlling, improving operational efficiency and generating new revenue streams. Those sensors are sending data
over the existing enterprise connectivity infrastructure, one built and managed by service providers. However, IoT connectivity is
expected to generate only 1/10th of the revenue generated from IoT applications. In IoT, the application providers
will capture most of the profits.
Luckily, service providers are best equipped to provide enterprise IoT applications:
Previously the barriers to service providers building enterprise IoT applications have been a long development time per customer,
along with a large investment of engineering hours. These made providing enterprise applications profitably difficult.
However, that is no longer the case.