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 …
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 …
How to Sell a Subscription for Your IoT Product
by Ralph Heredia on Jan 9, 2023 12:44:09 PM
Although several different pricing models can effectively capture IoT value, one of the most popular is the subscription model since it allows businesses to monetize the value for the initial purchase and for ongoing use. Selling a subscription for an IoT product has several unique el …
What is Subscription Billing Software?
by Frank Greer on Jan 4, 2023 12:10:20 PM
Standard pricing approaches don’t fully harness the potential of IoT businesses that want to allow their end customers to activate their own devices and select their own data plans. New monetization strategies are helping OEMs capture as much value as possible while benefiting custome …
Top-Rated IoT Gateway Companies
by Ralph Heredia on Nov 14, 2022 1:26:35 PM
IoT gateways are used as a bridge to connect data from sensors or edge devices to the cloud. These gateways serve an important role in supporting an IoT ecosystem, as they not only establish connectivity but can also enable the seamless communication of data generated by sensors withi …
4 Layers of IoT Architecture Explained
by Ralph Heredia on Nov 8, 2022 5:24:24 PM
There’s a lot that goes into making IoT devices function as they should. All of the hardware, software, services, and applications need to work together seamlessly for an IoT system to be effective — and this requires a solid intentional IoT architecture. In this post, we’ll explain t …
IoT Cloud: An Introductory Guide
by Frank Greer on Sep 7, 2022 3:59:20 PM
Because the Internet of Things (IoT) generates so much data and is used for many real-time and near real-time use cases, an IoT cloud is crucial to experiencing the value of IoT. In essence, an IoT cloud is the support structure for IoT applications. In this article, we’ll explain wha …