By Ernest Worthman —
Digital innovation bubbled to the surface in 2015. The telecom industry is realizing the value of the digital platform – finally, especially under the Internet of everything (IoE) umbrella. For example, Telecoms are taking advantage of a new user base of people, and things, by developing a variety of new wireless business plans.
In the United States, AT&T is working with IBM on a smart cities program. Spain’s Telefonica is offering an IoE product called “Thinking Things” that lets individuals develop programs to adjust climate and lighting in rooms, offices, and buildings to control all of the home and office equipment and data they interact with. the U.K.’s Orange, in conjunction with companies such as Nespresso and Coca-Cola, have launched a machine-to-machine (M2M) communications system.
Germany’s Deutsche Telekom is supporting the digitizing of manufacturing with its Industrie 4.0 initiative. And an Indian firm, Bharti Airtel, is in a joint venture with the State Bank of India to develop mobile banking apps for people unable to access a local branch. Such insight will certainly fatten the wireless player’s wallets if they can develop a business model to take advantage of the digital world.