Internet of Things: Why a Reliable Network Matters
During the first quarter of 2017, Verizon’s (NYSE: VZ) bread-and-butter business got a little bit smaller. Retail subscribers to the nation’s leading wireless network shrank for the first time in years, and profits decreased 21% from the same period in 2016. The mobile phone industry is a mature market with growth a thing of the past, leaving the few big competitors to fight over the same customers. For Verizon, the next big thing could be right around the corner.
Lets have some HISTORY
We’ve been fascinated with gadgets that function on a grander scale for decades (think spy movie-type stuff) — but it’s only been in the past several years that we’ve seen the IoT’s true potential. The concept evolved as wireless Internet became more pervasive, embedded sensors grew in sophistication and people began understanding that technology could be a personal tool as well as a professional one.
In the much-hyped world of the Internet of Things, the industry continues to focus on the number of connected devices and machines that will roam the earth today, tomorrow and beyond. Arun Kundu, Director, Professional Services, Asia Pacific & Global Strategy, Verizon Enterprise Solutions has a broader view.
