Stay a Step Ahead in Race for IoT Success with Secure IoT Development Solutions
The forecasts related with IoT potential are breaking the Internet. As Gartner predicts 75.4 billion IoT devices by 2025, the race towards IoT success is truly on. But, IoT is such a vast field that telcos often struggle to allocate all the resources that are prerequisite for IoT success. MVNOs (Mobile Virtual Network Operators) feel the need to expand in multiple verticals, but with meager resources in hand; it is often seen as a task too big to undertake. This is where an IoT services provider with a fully-equipped IoT development platform and IoT connectivity solutions can work to an MNO/MVNO’s advantage
IoT Development: The Future is Promising
The first instance of IoT development in mainstream business applications can be traced back to 1982. At that time, Carnegie Mellon University configured a coke machine in a way that allowed it to report the inventory status and also provided information about whether drinks were cold. Since then, IoT application development has come a long way and we are seeing IoT tech spread over different industries. And, now in the present, we are seeing astounding predictions about IoT market, with one of the forecasts evaluating the market value at 457 billion dollar by 2020.
Breaking down the IoT Development Platform for IoT Success
A successful IoT development platform can be broken down into the following essential components. Have a look:
Every smart device that you own has the potential to transform into IoT hardware. From Alexa to fitness bands, everything that can be integrated with IoT sensors and connected to the IoT network can form a part of the IoT universe. IoT SIM-integrated air conditioners, smartphone-controlled microwave ovens, home security systems and other similar devices constitute IoT hardware. Most IoT devices come with tangible connectors and sensors that update the server e.g. a thermostat monitoring the temperature of a room sends notifications to a server that in turn changes the temperature of HVAC system installed in a room. In any IoT development project, it is essential to understand the hardware before working on other aspects of the platform.
Connection between devices
IoT connectivity is not a straightforward paradigm like day-to-day Internet connectivity used for browsing the Internet. IoT network connectivity forms an integral part of the IoT framework and needs to meet the specific requirements of an IoT use case. In general, low-latency and high-speed internet connectivity gets the job done in most of the cases e.g. telematics that send information about the driving behavior of a car driver to the insurance company needs to have a large bandwidth for consistent streaming of information. But, there are IoT use cases that necessitate low power consuming connectivity solutions with low speeds like LoRA and Sigfox. Scenarios, in which, recharging a sensor is a costly affair and speed does not matter that much, low spec connectivity solutions are cost-effective and work like a charm.
Security of the IoT network
An IoT development services provider should put great emphasis on the security of the IoT network. As IoT devices exchange large amount of information between themselves constantly, they are prone to hackers’ threats and security breaches. Therefore, it is essential to implement robust encryption standards like AES on the signal transmitted for preventing information loss. Also, the users should be provided unique public IP addresses for added security of the network. The IoT network should be constantly under observation and security logs should be analyzed frequently to ward off any future threats.
Systematic tracking of usage, monetization of services and billing
IoT usage can be hard to track because of the sheer number of devices in operation. However, for true IoT success, an MNO or MVNO should be able to have a platform that is capable of not only tracking usage but also monetize IoT services effectively. Modern-day customers are extremely finicky and do not want to pay a penny more than the actual price of service, which is why; you a cutting-edge real-time charging platform like Online Charging System (OCS) should be employed. An OCS keeps track of all service usage and allows you to create innovative plans. It promotes transparency in billing and builds customer trust by allowing you to generate highly-detailed bills for your subscribers.
Ad hoc service integration with APIs
IoT is an evolving field and there will always be new requirements that MNO/MVNO would have to fulfill. Therefore, it is essential to invest in an IoT development company that offers Application Program Interfaces (APIs) to meet emerging requirements that need to be fulfilled on ad hoc basis. For example, an API can be used to instantly add a shipping vendor to your service delivery platform for distribution of your IoT SIM cards.