Machine to machine (M2M) and Internet of things (IoT) are becoming an essential component of the global economy and opening up a world of new ubiquity-based products and services in our homes, cars and daily lives. Every second, nearly 200 new devices are connected to the web and that number is expected to grow dramatically. With the number of connected and intelligent devices escalating, the number of new services that are possible is exploding. While M2M is typically associated with a specific vertical, the Internet of things encompasses a wide variety of vertical applications that when pulled together address the needs of consumers and businesses.
M2M connections and multi-agent systems will result in an increasing number of highly personalized; value-added branded services. The latest Statista forecast for IoT predicts that, by 2025, there will be $1.6 trillion in incremental revenue opportunity for IoT suppliers, mostly in services.
At Kansys, we believe that IoT is already having a profound impact on the creation of value-added services across a number of verticals including telco, transportation, utilities, healthcare and more. Kansys’ business model and industry agnostic billing and settlement platform, The Kansys Edge, enables a business to roll out IoT services to a wide variety of verticals today while making it possible to future-proof the business through new offerings and partnerships without compromise. It’s critical to chose a solution that can support your M2M billing and IoT billing needs now and in the future.
With The Kansys Edge, an organization gains:
- Fast time to market for current M2M and IoT services
- Future-proofing for IoT business models
- Bundled subscriptions to new services (health monitoring, vehicle tracking, smart meters)
- Ability to expand outside core business into other verticals
- Efficient settlement to a growing ecosystem of IoT partners
Ready to discuss your next IoT or M2M billing solution? Contact us now.