by Vincent Sabourin, Jordan Tito Jabo
This critical and forward-looking book features:
- An assessment of the impact of Internet of Things (IoT) on the telecom industry’s revenue streams
- IoT-based business models in the telecom industry
- A
PESTLE (political, economic, socio-cultural, technological, legal, and
environmental) analysis of the industry in relation to IoT
- Key technological drivers.
It
also features a case study of Bell Canada Enterprises (BCE) Inc.,
which highlights IoT-based business models in the industry. The study
reveals that telecom operators have started implementing IoT projects,
however, true revenue streams are yet to materialize. Ten IoT-based
business models have been identified at BCE Inc. The book points out
that operators do leverage existing infrastructure in terms of
broadband fiber and mobile connectivity in part and resort to
partnerships and acquisitions to acquire much-needed knowledge,
technology, and smart devices. Concerning the effect of IoT on the
telecoms’ revenue streams, it was revealed that new entrants, who are
not necessarily in the telecom industry, have impacted the old players’
revenue streams. OTT services like YouTube, WhatsApp, IPTV, Netflix,
are the biggest culprits. Seven key technological drivers for IoT have
been identified and include widespread wireless connectivity, the
availability and affordability of microcontrollers, sensors and
actuators, the decreasing cost of bandwidth, the recent implementation
of IPv6, and the ongoing development of 5G network, as well as the use
of cloud computing and analytics.
Finally,
the PESTLE analysis of the industry shows that the lack of a
comprehensive political and regulatory framework still slows down IoT
deployment. Interoperability, security, and privacy concerns are other
constraints. Conversely, general economic conditions in most developed
and developing economies are favorable to the advancement of IoT
technology. Governments are willing to subsidize R&D and have
partnered with the private sector to speed up the roll-out process.
