5 Effective Types of IoT Business Models
by Frank Greer on Mar 16, 2021 3:33:48 PM
One of the first things you’ll want to consider when planning to sell connected products is your IoT business model. Your ability to monetize the value of your IoT offerings is instrumental to your success as a business. Let’s explore the most effective types of IoT business models an …
eSIMs: What They Are, What They’re Not, and When They’re Right for You
by Ralph Heredia on Mar 2, 2021 8:30:00 AM
The physical little chip consumers and companies have inserted into phones and other devices for years may soon be a thing of the past thanks to the rise of eSIMs. The eSIM is already changing the way we connect our devices to wireless carrier networks and eSIM interest is growing rap …
5G and IoT: What It Means for Connectivity
by Ralph Heredia on Feb 26, 2021 9:51:48 AM
5G IoT has the potential to transform industries. 5G’s ability to support high data transfer rates for data gathering with ultra-low latency will power critical services in city and building management, healthcare, supply chains, and more. This post offers an introduction to 5G and Io …
IoT Concepts: Return Merchandise Authorizations, Cellular Subscriptions & SIM Swaps
by Ralph Heredia on Feb 8, 2021 1:41:00 PM
Navigating Product Returns with IoT Devices When selling IoT devices, manufacturers may have to issue a replacement or repair while a device is under warranty. It can be common for devices to break down due to normal wear and tear, especially when IoT devices can be found in so many d …
IoT Subscriber Churn What It is, How to Measure It, and Why It Matters
by Frank Greer on Feb 4, 2021 9:36:33 AM
The subscription billing model is ideal for many businesses because it benefits both the provider and the customer. Using a subscription model solves IoT billing challenges effectively and enables customers to pay in monthly installments instead of investing a large amount of money up …
How to Monetize Your IoT Product Using the Subscription Model
by Frank Greer on Jan 29, 2021 11:28:51 AM
Advancements in IoT have brought tremendous value not only to consumers but also to businesses. There are now numerous ways to monetize an IoT product, and the best way is generally through a subscription model. Here’s what you need to know about using a subscription model for your Io …
IoT Billing: How to Choose an IoT Business Model
by Ralph Heredia on Jan 12, 2021 6:45:00 AM
IoT is changing the way people engage with the world by changing how devices relate to each other. And its market growth is exploding, with end-user spending expected to be around 258 million at the end of 2020 and projected to grow to nearly 1.6 trillion by 2025. As a result, this te …
Why IoT Solutions and Subscriptions Are a Perfect Combination
by Dan Heredia on Jan 7, 2021 11:36:09 AM
IoT Solutions = Ongoing Value and Ongoing Costs The promise of IoT Solutions are the convenience they provide, the new, granular insights they deliver and the efficiencies they enable. Everyone can agree that these benefits are not delivered once, but rather all the time on an ongoing …
Uniquely IoT: Why IoT SIMs should be treated differently from traditional SIMs
by Ralph Heredia on Dec 3, 2020 9:00:00 AM
Some OEMs make the mistake of treating IoT SIMs and traditional mobile SIMs the same way, attempting to operationalize them in similar ways, without considering the financial models of IoT SIMs or the downstream effects of these business decisions. In this article, we will explore why …
How OEMs Can Successfully Monetize their IoT Platforms
by Ralph Heredia on Oct 26, 2020 12:04:01 PM
As manufacturers build IoT platforms that offer compelling experiences to their customers through a combination of hardware, software and digital services, many are struggling to effectively monetize these offerings in a way that will lead to lasting improvements in their business. In …
Operationalizing IoT SIM Management: Tips for Device Makers
by Ralph Heredia on Aug 4, 2020 9:01:11 AM
An Overview of IoT SIM States and What They Mean for OEMs The state of your IoT SIM card determines the services a device can access. At a high level, there are two different modes an IoT SIM card can be in; active and inactive. These two modes are further split into different "states …
Zipit's Platform Helps GRIDSMART Manage Connectivity Efficiently
by Dan Heredia on Aug 26, 2019 9:06:19 AM
GRIDSMART mitigates cellular overages, simplifies carrier integrations and SIM activations all by using Zipit's connectivity management platform.