Companies, cities, and organizations are embracing the Internet of Things (IoT) to digitally transform their businesses. For many, the first step is to deploy sensors on machines, devices, and vehicles to convert physical measurements (e.g., pressure, vibration, temperature) into electrical signals that an IoT network can use. Why do this? Companies can better utilize assets, provide better experiences to customers, drive new product development, and complete preventive and predictive maintenance.
All these digitization efforts have IoT networks and technologies at their core, and this is opening up new business opportunities for Service Providers, such as:
Cisco IoT Foundational Platforms help Service Providers move up the IoT value chain to gain revenues from data management and solutions, based on new outcomes-based business models.