This critical and forward-looking book features: An assessment of
the impact of Internet of Things (IoT) on the telecom industry's
revenue streams IoT-based business models in the telecom industry A
PESTLE (political, economic, socio-cultural, technological, legal,
and environmental) analysis of the industry in relation to IoT Key
technological drivers. It also features a case study of Bell Canada
Enterprises (BCE) Inc., which highlights IoT-based business models
in the industry. The study reveals that telecom operators have
started implementing IoT projects, however, true revenue streams
are yet to materialize. Ten IoT-based business models have been
identified at BCE Inc. The book points out that operators do
leverage existing infrastructure in terms of broadband fiber and
mobile connectivity in part and resort to partnerships and
acquisitions to acquire much-needed knowledge, technology, and
smart devices. Concerning the effect of IoT on the telecoms'
revenue streams, it was revealed that new entrants, who are not
necessarily in the telecom industry, have impacted the old players'
revenue streams. OTT services like YouTube, WhatsApp, IPTV,
Netflix, are the biggest culprits. Seven key technological drivers
for IoT have been identified and include widespread wireless
connectivity, the availability and affordability of
microcontrollers, sensors and actuators, the decreasing cost of
bandwidth, the recent implementation of IPv6, and the ongoing
development of 5G network, as well as the use of cloud computing
and analytics. Finally, the PESTLE analysis of the industry shows
that the lack of a comprehensive political and regulatory framework
still slows down IoT deployment. Interoperability, security, and
privacy concerns are other constraints. Conversely, general
economic conditions in most developed and developing economies are
favorable to the advancement of IoT technology. Governments are
willing to subsidize R&D and have partnered with the private
sector to speed up the roll-out process.
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