Unveiling the Future of AI & IoT: Insights from KORE CEO Romil Bahl at MWC Barcelona 2024

Mobile World Congress (MWC) Barcelona 2024 concluded with a flurry of discussions and insights where almost 100,000 people were able to get a sneak peek into the future of mobile technologies. Romil Bahl, KORE President and CEO, had the pleasure of speaking with Mobile World Live on Artificial Intelligence (AI) and the transformative potential of AI-powered Internet of Things (IoT) technology. 

Bahl outlined KORE's strategic approach toward AI-IoT, outlining five key pillars that underscore the company's commitment to empowering businesses across multiple sectors:

1. Predictive Analytics

KORE harnesses predictive analytics to optimize operations and resource allocation, thereby enhancing efficiency across industries such as manufacturing, transportation, and healthcare. By leveraging IoT sensors and AI algorithms, KORE enables predictive maintenance, improves uptime, and drives cost savings.

2. Optimized Connectivity Solutions

Through AI-powered analytics, KORE tailors connectivity solutions to IoT deployments, ensuring reliable performance and efficient resource allocation. By dynamically adjusting connectivity parameters and optimizing billing based on usage patterns, KORE enhances connectivity while minimizing costs for its customers.

3. Intelligent Device Management

KORE employs AI-driven device management solutions to streamline provisioning, monitoring, and maintenance of IoT devices. By automating routine tasks and implementing predictive maintenance algorithms, KORE maximizes operational efficiency, reduces costs, and prolongs the lifespan of deployed IoT devices.

4. Customer and SIM Segmentation

Leveraging clustering algorithms, KORE categorizes customers and SIMs into distinct groups based on over 100 parameters. This enables KORE to discern usage patterns, detect anomalies, and tailor services, accordingly, thus fostering enhanced customer experiences.

5. Churn Prediction

Through sophisticated time-series prediction models, KORE predicts customer churn with remarkable accuracy, enabling proactive retention strategies and preserving customer loyalty.

Additionally, during a discussion with Kaleido Intelligence, Bahl shed light on the future trajectory of IoT connectivity in 2024. As the landscape of IoT continues to evolve at a rapid pace, KORE remains at the forefront, driving innovation and shaping industry trends. Bahl delivered insights into the future of IoT connectivity, including...

• Edge Computing Advancements: Bahl elaborated on how edge computing is revolutionizing IoT deployments by enabling data processing and analysis closer to the source, leading to reduced latency, improved efficiency, and enhanced scalability.
• 5G's Transformative Potential: By offering unparalleled speed, low latency, and massive connectivity capabilities, 5G is poised to fuel innovation and drive digital transformation across diverse sectors. KORE explores how 5G opens up opportunities for deploying bandwidth-intensive IoT applications, supporting mission-critical services, and enabling seamless connectivity in dynamic environments.
• Security and Privacy Concerns: Bahl emphasized the need for robust security measures to safeguard IoT devices, networks, and data from evolving cyber threats. The company discusses its approach to implementing end-to-end security solutions, including encryption, authentication, and intrusion detection, to mitigate risks and ensure compliance with regulatory requirements.
• Scalability and Flexibility: KORE’s portfolio of managed IoT services is designed to meet the diverse needs of customers across the globe by providing reliable, cost-effective connectivity solutions that enable businesses to seamlessly deploy and manage IoT deployments at scale. 

KORE's reliable connectivity, in tandem with its suite of managed services, powers AI-IoT and paves the way for transformative solutions across industries. With a blend of visionary leadership and cutting-edge technology, KORE reaffirms its commitment to unlocking the full potential of AI-IoT and empowering businesses worldwide. As AI continues to permeate our daily lives, KORE remains at the forefront, harnessing its potential to drive meaningful outcomes and shape the future of IoT.