Cellular towers consist of a wide range of equipment to ensure smooth network functioning. This equipment needs a strong backup to guarantee 24/7 functioning, and constant maintenance to exclude possible outages and downtimes, and, consequently, revenue losses. Telecom companies can create an IoT-powered operational control center that will integrate local IoT devices with Big Data analytics to gather and process large volumes of data from cellular towers. By using this approach, network engineers can monitor KPI’s of the equipment, and use data to decrease maintenance costs and constitute effective electric power management.

To conclude our quick review of IoT, apart from providing significant business benefits, IoT technology also creates a great number of business opportunities for telecoms. With the extreme growth of IoT devices, telcos can take the role of connectivity and infrastructure providers to the IoT service vendors. By delivering IoT ecosystem lifecycle management services, telcos can generate more revenue and forge mutually beneficial business partnerships.
More info: Field Service Management

Now, let’s review another important technology that, aside from its numerous benefits, will also be a powerhouse behind the IoT.

The Importance of 5G Readiness
The world is slowly switching towards advanced 5G cellular networks that will soon replace the current 4G LTE. 5G has a much higher network capacity and is significantly faster in comparison with 4G LTE, with the download speed reaching up to 20GB/s. Most importantly, 5G network latency will be immensely reduced, up to 1 millisecond compared to the current 200 milliseconds in 4G. 5G adoption promises an outstanding competitive advantage. Enhanced mobile services, real-time data exchange options, and extremely fast download speed will attract more customers to the telecom companies that offer 5G network services.

Moreover, 5G technology is an integral part of the abovementioned IoT technology, since 5G will drive communication between the IoT devices. The data exchange options and network capacity of 5G will enhance the functions of the following IoT-based technologies:

Smart cities, homes, and offices;
Autonomous and semi-autonomous vehicles;
Smart manufacturing and healthcare equipment, and much more.
More info: how does 5g work