IoT Monetization: 5 Best Strategies to Monetize Your IoT Solution
by Ralph Heredia on Jul 25, 2023 4:11:48 PM
In the past, OEMs primarily focused on selling physical products, but this approach is no longer sustainable for IoT products. The inclusion of connectivity and cloud software in IoT devices introduces ongoing costs for OEMs. As the demand for connected devices and data continues to r …
NB-IoT Explained: Is It Right for Your IoT Solution?
by Ralph Heredia on Jul 6, 2023 2:22:23 PM
NB-IoT, short for the Narrowband Internet of Things, is a form of connectivity designed to address the unique battery life and bandwidth requirements of some IoT devices. Standardized in 2016, NB-IoT extends the coverage for IoT devices on mobile carrier networks beyond the capabiliti …
How to Cost-Effectively Manage IoT Data Plans
by Ralph Heredia on Jun 20, 2023 10:27:05 AM
IoT devices generate, store, analyze, and transmit large amounts of data, but managing this data can be costly. IoT sensors continuously collect data from their surroundings that is then transferred over a cellular network to the cloud, where it is processed and stored. The true value …
6 Types of Wireless IoT Technology
by Frank Greer on Jun 19, 2023 4:15:00 PM
The Internet of Things (IoT) involves different kinds of continuously evolving technology, allowing for many connectivity options for connected device manufacturers. Each of these options has a range of advantages and disadvantages that must be weighed together. This article will help …
An Introduction to Monthly Recurring Revenue (MRR)
by Jim Greco on Jun 9, 2023 12:22:08 PM
The Internet of Things (IoT) is rapidly expanding with opportunities for new connected devices. However, the ongoing connectivity and hardware costs associated with IoT devices can pose a significant challenge for OEMs trying to monetize their products. Adopting a recurring billing mo …
SIM Card Types and Sizes Explained
by Ralph Heredia on May 8, 2023 12:18:39 PM
SIM cards have been around for decades, and most of us are familiar with these small chips inserted into our smartphones. SIMs provide memory to store data and unique IDs to connect our devices to mobile networks. SIM cards were originally designed for mobile phones, but SIM types and …
What is Consolidated Billing? Benefits + Examples
by Jim Greco on May 4, 2023 12:19:42 PM
Consolidated billing allows multiple bills for the same customer to be combined into a single invoice. This approach offers great simplicity and flexibility in billing and payments for both businesses and consumers. While consolidated billing is a popular strategy for any business pro …
What Is Fixed Wireless Internet? An Introductory Guide
by Ralph Heredia on Apr 3, 2023 3:08:24 PM
Access to broadband internet connectivity is vital for homes and businesses, but many recent studies reveal that millions of Americans still lack reliable internet access. In 2019, an estimated 21 million Americans lacked internet connectivity. More recent research suggests that the n …
LTE Cat-M1 Explained: Pros and Cons of LTE-M for IoT Devices
by Ralph Heredia on Mar 28, 2023 9:47:36 AM
Many massive IoT deployments require little bandwidth per device and leverage battery-operated devices, so power conservation is often important. 4G and LTE networks provide high-speed and high-bandwidth cellular connectivity but consume too much power for certain IoT applications. As …
What Is a Billing Solution and How Can It Grow Your Business?
by Jim Greco on Mar 21, 2023 12:35:54 PM
In the world of cellular IoT, a streamlined billing solution is vital to managing and monetizing an IoT product. The IoT industry has unique requirements, such as massive-scale deployments of thousands of devices (some with different subscription start dates) and multiple relationship …
Wireless Backup Internet for Business: An Introductory Guide
by Frank Greer on Mar 13, 2023 11:05:02 AM
Nearly all of us have experienced an internet outage at some point and know firsthand how inconvenient it is. But for a business whose operations depend on internet connectivity, an outage is more than inconvenient–it’s a serious setback to productivity and revenue. Even short outages …
What is a Private LTE & 5G Network & Is It Right For Your Business?
by Ralph Heredia on Mar 7, 2023 1:03:57 PM
The rise of 5G is revolutionizing how cellular IoT is applied to business operations, especially in manufacturing and industrial sectors. 5G offers the bandwidth, speed, and flexibility to connect devices and develop new business processes and solutions that may not be practical or ec …