Mr Jeff Travers, Head of IoT, Ericsson, on Wednesday urged service providers to regard Internet of Things (IoT) as a game changer for their businesses.
In a statement in Lagos, Travers said that IoT would lead to investments in new technologies and establishment of new business models for revenue sharing and increased use of indirect channels.
According to him, Ericsson’s conviction on IoT resulted from a study it conducted on “Exploring IoT Strategies’’.
He said that while the network provider and connectivity provider roles were seen by respondents as foundational, driving most of IoT revenues, 80 per cent of study participants planned to create value beyond connectivity.
Travers said that service providers noticed that additional value could be created either by providing differentiating services through sub-roles within the four roles, or by progressively offering end-to-end solutions as service enablers or service creators.
He said that the study confirmed the importance of IoT to the current and future business of leading service providers, no matter where they would operate.
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