IoT Ecosystem: What is it? Components and benefits

Both the Internet of Things and the IoT ecosystem are profoundly changing the corporate and commercial world, as they allow multiple devices to be integrated through the Internet and cloud services. All this opens up endless possibilities to optimize management processes and to improve computer security, among other applications. 

From JSC Ingenium, provider of turnkey Network Infrastructure services and solutions for MNOs and MVNOs, we bring you a comprehensive management of the IoT ecosystem, which can take your company to another level; but to take full advantage of the Internet of Things and its environment, we first need you to understand in depth its concept and characteristics. Keep reading and you will find out.

IoT Ecosystem… What is it?

New technologies related to the Internet of Things allow connecting all kinds of devices, artifacts, software and applications, making it possible for them to interact in real time using automation processes and machine learning techniques. 

In this way we will be able, for example, to remotely manage all the mobile devices of a company from a central location, obtaining important advantages in terms of security and work dynamics. 

Components of an IoT Ecosystem

Some of the most important components and elements of the IoT ecosystem are:

Sensors and actuators

Sensors are devices used to capture information and data, through which actuators subsequently perform an action, as their name suggests. For example, an intelligent HVAC system includes sensors that measure the ambient temperature and send that information to the actuators, which, based on that data, will modify the power of the equipment when necessary.  

Connectivity

It refers to the tools that are used to transfer and process the data that enable the integration and communication of the devices. 

IoT Cloud

It provides a virtual and secure location for the data collected, also allowing quick access to that data when they must be analyzed and used in decision-making processes.

IoT Data Management

It is the process of transforming the large volume of data obtained into valuable information: gives them meaning, establishes meaningful relationships with each other, and gives them concrete use for making decisions.

Devices and interface

It is the component that allows to controlling smart devices, such as a control panel, a remote control or an application integrated into a smartphone.

Benefits

Among the most important advantages of the IoT ecosystem, we can highlight:

New revenue streams and new business models

Home automation, intelligent industrial systems and other processes, all of them open new opportunities to generate business and income, energizing the entire Telco sector.

Increased efficiency

Automation, device integration and Artificial Intelligence tools lead to greater efficiency in corporate management. 

 Improved customer experience

Companies “learn” due to the benefits of the IoT ecosystem, and at the same time there is an improvement in the experience of users and customers, with faster and more accurate answers, simpler procedures, etc.

At JSC Ingenium we invest in future-proof technology by offering a set of modular and scalable offerings.  Thanks to our M2M/IoT ecosystem for mobile operators, we offer MVNOs an option to securely, cost-effectively and flexibly meet the growing demand for integrators and device manufacturers, both in M2M services and in terms of connectivity.