Efficient Growth of IoT and Telecom Industry in 2022: A Goldmine of Opportunity?

Efficient Growth

IoT (Internet of Things) has managed to gain quite the staunch group of followers who swear by its multi-faceted uses which ironically enough remain unclear from the mere mention of its name. If anything, it sounds like a borderline “Big-brain moment”. The question of utilising IoT effectively is meant more for the experienced techie than a simple rub-a-dub project for the layman. Regardless, one mustn’t remain ignorant about the host of benefits it has on offer.

The collaboration between IoT and the Telecom industry holds much promise on several innovative fronts, the most commonly recognized being smart-home devices. Here’s our metaphorical crust of an article that elaborates on the possibilities of the aforementioned conjunction without venturing too far deep into the IoT abyss.

Current Scenario for IoT in Telecoms

With spiralling demand for internet connectivity due to social media trends, especially in a country like India where average data charges are relatively cheap provides the ideal avenue to foster IoT’s growth in conjunction with the Telecom industry. With the inclusion of 5G technology which has already left its imprint on most modern smartphones, the stage is set to develop massive ecosystems that connect devices and people.
Home automation is a veritable market where plenty of growth is foreseen. Most gated communities and apartments rely on home automation as a rule of thumb when it comes to specifying the features available to a new home buyer. Besides home automation, the development of smart cities, monitoring utilities like water and gas, security systems, and manufacturing processes are some of the other services to be offered.

The Consumer Standpoint

The ordinary consumer can find the inclusion of Internet of Things pretty handy in most day-to-day activities. The most common example that might ring true with most users would be the Air Quality Monitor in most Air Purifiers or the basic Surveillance Camera like Ring which provides direct video feeds to a user’s phone.

Most Internet of Things projects can be done by using a micro-PC like Raspberry Pi. It fits in the palm of your hand but works as a full-fledged sensor, actuator, internet gateway and so on. Several companies have already made use of the internet gateway and data centre options and relay their services across the world for a fixed fee.

Speaking of fee, the ease of access and availability of such devices would mean a reduction in costs required to afford such services. if you could take time out of your schedule to learn a few gimmicks of the trade, you could set up and use your own home automation hub or security system.

From a B2C standpoint, several improvements are to be expected from implementing Internet of things into the Telecom biz.

  1. Latency decreases and high refresh rate information delivery is made a possibility. Probably, the next time you get killed in a ranked match, you wouldn’t curse your ISP.
  2. 5G networks can be seamlessly integrated with little to no pitfalls. The regulated maintenance of 5G bandwidth across all devices becomes a cinch.
  3. Power efficiency increases leading to more tasks being done in the existing power delivery allotment.
  4. And of course, revenue for the companies providing the service, savings for the consumer utilising it.

Developing an Internet of Things platform can go two ways, either you build it yourself (Raspberry Pi) or rely on one of the conventional offers (Google Cloud, Microsoft Azure etc.) out there. Home automation and seamless integration of smart appliances are likely to rely on a service named, “Matter”. Although, the latter platform is still undergoing development.

Challenges faced by Telecoms

While Internet of Things is much favorable when accounting for the lesser costs, availability and guarantees, there remains the possibility of failure which might inevitably require the implementation of methods deemed obsolete. The side-by-side maintenance can be a bit taxing. Since the technology in question is still in its nascent period, there are several complications to be accounted for while finding suitable counter-propositions to handle it.

The rather decadent reliance on data, the cloud and variation of network traffic leads to it being exposed to the elements of the environment around it. The advantages may turn on its head leading to more costs to maintain in areas where IoT isn’t entirely conducive.

The limited information stored on such platforms necessitates the storage of other user data on remote sites. The possibility of a data or privacy breach continues to loom over the users leaving them bereft of any visible satisfaction. The common security standards with a lack of encryption usually found on most data storage points makes it vulnerable to outside influence.

Making use of Internet of Things is indeed a goldmine of opportunity, but the likelihood of encountering compatibility issues mandates a universal code or system that requires industries to collaborate with each other (for instance: Matter).

Resolving IoT’s Security Lapses

The matter of retaining security has had some attention paid to it with several developers suggesting the implementation of a blockchain protocol to establish the necessary encryption. Since blockchain in IoT fulfils the role of handling most transactions with a common ledger while retaining the records in a database, the same idea of send, save and store can be adapted to the more technical aspect of smart home innovation. Creating apps for said Internet of Things program becomes easier with an establish blockchain route.

The vast world of IoT has an immense number that aim to revolutionize most mundane tasks while making several others a breeze to deal with. What we stand to gain will be seen only in due course of time, until then stay tuned. Do leave us a comment down below regarding what you think about the IoT ecosystem.