The Internet of Things (IoT) is constantly evolving with advances in artificial intelligence (AI), data analytics, new business models, and connectivity technologies. This interconnected network of smart devices is transforming industries through autonomous operations, telehealth, predictive maintenance, and more. But to capitalize on the opportunities emerging from the IoT revolution, businesses must first thwart the following barriers that could limit their growth potential. The crucial question this raises is – Which IoT best practices will mitigate the negative impact of these forces on your organization’s growth goals?
To read on about the impact of these strategic imperatives on the IoT and Edge ecosystem, click here.
By adapting to these key imperatives, companies can craft a clear and actionable strategy, enabling them to capitalize on a pipeline of emerging growth opportunities in IoT and Edge technologies:
- Customer Value Chain Compression: Mitigating the complexity of SIM card logistics to simplify connectivity management and improve supply chain visibility.
- Disruptive Technologies: Leveraging artificial intelligence (AI)- enabled IoT systems to pave the way for data-driven outcomes and automation.
- Geopolitical Chaos: Developing robust IoT security strategies to better protect connected devices and critical infrastructure amid dynamic regulatory environments.
- Internal Challenges: Harnessing cloud-native IoT platforms to address challenges in technology integration, systems complexity, and application visibility.
- Innovative Business Models: Focusing on business models like neutral network hosts, crowdsourcing, satellite partnerships, open-source collaboration, and asset leasing to optimize network expansion costs.
Frost & Sullivan’s latest analysis in IoT and Edge technologies highlights these factors and more, along with their impact curves, influence scores, and estimated duration. This sheds light on disruptive technologies like embedded SIMs (eSIMs), generative AI (GenAI), and low-earth orbit (LEO) satellite connectivity; transformative megatrends like cybersecurity, data protection, and sustainability; and internal challenges like integration complexity and interoperability; to help ecosystem players thrive amid constant change, thereby guaranteeing future growth.
