Digital service providers: 4 key IoT-related areas to focus on

Rajiv Weragama - September 12, 2017 - IoT Institute
URL 5 Min

Today, with the availability of ultra-high-speed broadband technologies, most of the world is seamlessly connected by voice and data services and the internet is likely to become a utility service such as electricity, water or gas. Its importance has further enhanced with the introduction of smartphones, the popularity of social media and the intensified digital revolution.

With such a huge transformation taking place, can communication service providers (CSPs) survive and at least retain their market share by providing no more than connectivity to subscribers? The obvious answer is “no.” So how should they transform their businesses to cope with this change in the marketplace, and when should they make this move? They must adopt a newer business model to suit market demand while mutating the business to become a digital service provider (DSP), and the sooner they make this change, the easier it will be to stay ahead of competitors.

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