Incredible Real-World Applications Prove the IoT Is Here to Stay

Yet, while many people debate whether little computers in wrist devices, clothing, refrigerators and vehicles will truly change our lives, actionable change is already occurring on the business application side of the IoT.

This includes real-world examples of industrial and enterprise IoT solutions already causing disruptive changes to numerous business segments and addressing previously unsolvable problems.

IoT for small business: Effects, opportunities & platforms

As the IoT expands, it will have a particularly profound effect on businesses, especially small businesses. Several IoT business opportunities will be created in the coming years as we head into an increasingly connected world.

Below, we've compiled a detailed rundown of new IoT business platforms and the potential those platforms will create in the near future.

What is the Concept of the Internet of Things in a Box

A few years ago, the idea of a “Telco in a Box” was very usual among the Telecommunication industry. Basically, it was a pre-integrated, turnkey real-time billing and customer care solution that enabled communications service providers (CSPs) to accelerate their growth strategies and increase profitability.

Companies like Accenture, Oracle, Redknee or Tech Mahindra used this concept addressed to Mobile Virtual Network Operators or MVNOs, Tier 3 Operators and Tier 1 sub brands. 

Third-party IoT Connectivity Management Platforms had 120 million devices under management in 2017

According to a new research report from the IoT analyst firm Berg Insight, the number of devices managed on third-party connectivity management platforms (CMPs) will grow at a CAGR of 30.3 percent from 120 million in 2017 to reach 440 million by 2022.