Global Solution Providers Unlock the Potential of M2M
The Internet of Things is expanding dramatically, and yet we are only at the very start of the machine-to-machine (M2M) communications revolution. What will it take to realize its potential?
The key to unlocking the value of the Internet of Things for more companies and sectors is the emergence of solution providers capable of putting together all of the many components of M2M: devices, networks, platforms and software. These providers are characterized by their global reach and their ability to mobilize an ecosystem of M2M innovators. They are now moving M2M beyond its initial drive to connect endpoints to focus on how organizations can use their M2M data and generate positive return on investment.
In several industries, early M2M adopters are demonstrating how M2M technologies can improve efficiency and enable new business models. For example, M2M devices are already being used to monitor expensive cargo in transit, to track high-value machinery in the field, to allow remote diagnostics and system upgrades of wirelessly connected vehicles, and to improve urban planning. From 195 million global M2M connections in 2013, there could have as many as 250 million by the end of this year, according to GSM Association.
Read more in our Networking Exchange blog.