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80% of telcos see the value beyond connectivity in IoT | AI | GigaBit

A new study from leading Swedish multinational telecommunications company Ericsson has revealed that four in five telecommunications companies see the potential value in IoT beyond the market for connectivity solutions.

Of the 20 multinational telcos surveyed, 80% stated that they were aiming to create value beyond connectivity in relation to IoT, either becoming IoT service enablers or service creators.

According to Ericsson, most telcos view becoming connectivity and network providers as a logical channel to pursue in driving IoT revenues, whilst the majority also recognise that value could be achieved by broadening their offerings into the service provider and service creator roles.

“Regarding IoT as a new type of business, service providers are investing in new technologies and establishing new business models for revenue sharing and increased use of indirect channels,” Travers continued. “They are also creating new delivery models for as-a-service and online services and driving innovation with partners and customers.”

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