Revenues from IoT
from the outset ,” advises Brenneis . “ It ’ s the customer ’ s responsibility or that of the system integrator . On our side , when we supply IoT connectivity we need to ensure the SIM card , data connection and the system – our service delivery platform – are secure and not vulnerable to hacking . We use a Virtual Private Network ( VPN ) for the connection between a central station and our global sim card and we also have encryption and authentication mechanisms built into our SIM and the VPN . We actively monitor both our communication channels and our data centres , so with these hurdles in place , we deter hackers and keep our networks safe .”
The traditional choices for IoT connectivity have been wifi , cellular and fixed line , but what technological breakthroughs can companies harness or securely embrace digital transformation with IoT ? “ In our opinion , NB-IoT ( NarrowBand-IoT – a Low Power Wide Area Network radio technology developed to enable a wide range of devices and services to be connected using cellular telecommunications bands ) fills a void in the market some proprietary technologies like Sigfox tried to fill ,” says Brenneis . “ But these were not standardised to make it easy to buy the hardware from suppliers with the help of several network operators for systems support . That void , where you have relatively low data volumes , but with the need for a robust and reliable system , required a low-cost solution with long battery life . Typical application examples would be water and gas meters where there is no power line . That ’ s why Vodafone took the lead in the industry to help define this new standard and to roll out these networks , enabling the highest bandwidth with low latency . It ’ s a great example of technology enabling efficiency and completely new business models where , for example , you can have connected fire sensors on a cost-effective budget .”
Revenues from IoT
Efficiency may be the most common reason IoT is embraced but what are the other key benefits ? “ Ten years ago , when IoT emerged , it was called M2M ( Machine to Machine ) and fleet management was a very dominant application . Now , there are also more IoT solutions for customers allowing them to open new revenue
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