The IoT industry has been in a period of rapid growth as companies and enterprises increasingly look to IoT solutions to solve a myriad of business challenges. According to a 2019 report from GSMA Intelligence, the number of IoT connections is estimated to grow to 25 billion by 2025.
While IoT adoption is growing across all industry segments, it’s simultaneously becoming more complicated and difficult thanks to emerging technologies and proliferating connectivity choices. With so many complexities and hidden barriers, it’s important to know where to start and how to select the right partner for maximum ROI.
The first step to ensuring a successful IoT initiative is creating a comprehensive IoT strategy tailored to your specific business case. Identifying targeted business processes to which IoT technologies can be applied encourages the most transformative business performance — laying the foundation for IoT success. A comprehensive IoT strategy should also include security, partner strategy, proof-of-concept, business continuity, organization governance, and geographical footprint as well.
To ensure success with new IoT initiatives, more companies are choosing to engage with IoT managed services providers. According to research from GSMA Intelligence, 13% of U.S. enterprises preferred to fully outsource to a managed services provider for sourcing an IoT solution, which was up from only 8% in 2019.
IoT managed services include a combination of technology and services that encompass wireless connectivity and network management, device management, as well as deployment and logistics services. When combined with upfront solution design and consulting, it ensures companies can deliver their loT projects faster, with a reduced total cost of ownership.
A trusted partner should be involved in almost every step of an IoT deployment, so it’s critical to know what to look for in a services provider. A proven commitment to regulatory compliance and quality management is essential. Regulatory compliance can be demonstrated through various registrations and adherence to regulations such as HIPAA, MDD, GDPR, and more. Quality management can be demonstrated through certifications such as ISO 9001:2015 and ISO 13485:2016.
IoT managed services providers should be experts in IoT implementation and deployment. A company at the forefront of IoT innovation, growth, and expertise would be recognized by top market research and consulting firms as an IoT industry leader, such as the Gartner Magic Quadrant for Managed IoT Connectivity Services, Worldwide.
KORE offers services that help companies deploy, manage, and scale their IoT solutions. Resilient, diversified connectivity ties the IoT ecosystem together, while KORE solutions keep communications running effectively, and deep data analytics ensure operational efficiency and optimization.
Download the report to learn why KORE was recognized in the 2022 Gartner Critical Capabilities for Managed IoT Connectivity Services, Worldwide.
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