As CSPs plan their evolution, IoT holds the potential to far eclipse some existing lines of business in terms of connections and revenue. Industrial-scale Internet of Things holds promise in both Enterprise and Consumer segments.
CSPs are already introducing commercial IoT offerings that support everything from beverage coolers to HVAC controls to Smart Cities. Indeed, the applications are endless.
Wireless CSPs possess an enormous scale advantage. But as with any hyper-growth area, aggressive competition flourishes. LPWAN technologies like LoRa, SigFox and others are driving innovation. How will CSPs differentiate themselves?
CSPs must provide value-added services to account, audit and assure IoT data carriage. Accounting for the life of every beverage cooler and dishwashing machine may become a core competency. Are you ready?