If you couldn’t attend the 2017 Innovation Summit, fear not; we’ve compiled a list of the essential IoT updates that you’ll need to know this year to ensure your IoT device management is simple and streamlined.
2017 Innovation Summit Highlights
This year’s 2017 Innovation Summit attracted more than 400 members of the IoT community. The panels included in-depth information on:
- The future of 5G;
- IoT security;
- Open source connectivity;
- Smart SIM cards; and
- Device-to-Cloud Global connectivity.
But one of the most innovative highlights at this year’s summit was the Ready-to-Connect IoT Solution panel discussion, where three of Sierra Wireless’ expert staff explained how the Ready-to-Connect solution (modules and routers with pre-integrated global connectivity, IoT management and security) is specifically designed for companies who want to expand their businesses globally, reduce time to market, streamline operations and enable business model flexibility. The 2017 Innovation Summit audience members were some of the first to test the Ready-to-Connect demo, and so far we’re hearing promising feedback about this groundbreaking technology.
One of the greatest concerns that we’ve heard from business owners over the years is that it’s too complicated and time-consuming to expand the scope of their IoT connectivity internationally. Businesses have to negotiate foreign contracts, pay expensive shipping costs to mail SIM cards to far corners of the globe and they’re tasked with managing their devices across dozens of different platforms. Ready-to-Connect solves all of these issues and more, allowing businesses to focus on making great products — instead of struggling with international connectivity challenges.
What is Ready-to-Connect?
The Ready-to-Connect solution combines modules, global mobile networks, SIM cards and an IoT platform in a single package. While this bundle can and should be used for local connectivity, it’s also a lifesaver for businesses that are looking to expand into overseas markets. The more complex your supply chain is, the more you will need the Ready-to-Connect system to manage it all.
Ready-to-Connect Gets Your Product to Market Faster
It can take anywhere from 18 to 24 months — or sometimes longer — to bring an IoT product to market. This time frame grows as you expand into new international markets, since you need to negotiate new carrier contracts and shipping methods. A far-off launch date means a slow ROI, which, in turn, affects your future expansion projects. Many businesses have to wait until they get an investment return in one new country before they can begin expansion to another. Here are just a few ways that expanding into an international market can negatively impact your ROI time.
You’re tasked with:
- Negotiating contracts with multiple service providers;
- Managing multiple SKUs;
- Assembling SIMs and modules manually;
- Using truck roll support for your products;
- Managing your subscriptions with different platforms; and
- Locking yourself into contracts with service providers.
With Ready-to-Connect, you can cut your time to market by as much as 12 months. That includes the time it takes to install hardware, software, SIM cards and the IoT cloud platform. Since you’re getting the wireless modules, global SIM cards and IoT management software from the same company, it’s much faster (and simpler) to ensure that all of these moving pieces are well-integrated with each other from the very start. You don’t have to work on front-end integration or security, since these are already included in the bundle. This will result in a prompter ROI, making the IoT space less risky for you and your shareholders.
Streamlining Global Operations
The goal of Ready-to-Connect is to have a ready-to-deploy product for customers, and to manage all connected products on a single platform. The AirVantage platform can be customized to meet the specific needs of your business. You can even integrate subscriptions from other mobile operators and manage them all from one place. Rather than jumping back and forth between two different platforms to handle mobile subscriptions and devices, you can tackle both via the AirVantage platform, streamlining the entire process. This results in better customer relationships and a far easier accounting process for your company’s SIM subscriptions. In addition, eUICC and eSIM remote provisioning allows you to change network providers quickly without swapping any SIM cards deployed in the field.
Enable New Business Models
The integrated connectivity service inside the Ready-to-Connect solution provides direct access to the connected product, no matter which local service provider the end users would have selected to connect their data. This enables equipment makers to offer updates, maintenance, or any value-added services over-the-air to the end users, to improve their experience and create new revenue. Moreover, the Ready-to-Connect solution is offered as a bundle with flexible pricing and terms. It will enable enterprises to align their revenue with cost, and maximize their business potential. For instance, a startup company may prefer the pay-as-you-go model; whereas a utility company may prefer to pay for 10 years of connectivity service with a single contract to capture the maximum government funding.
Now that the 2017 Innovation Summit is over, it’s time to reflect on whether your current IoT connectivity solutions are working at peak efficiency. With Sierra Wireless’ latest Ready-to-Connect solution, you can bring your business into the modern world of IoT quickly and easily. Start with Sierra to find out how, and read the white paper Simplifying IoT: How to Make the Journey from Idea to Revenue Smoother and Faster.