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Increasing IoT revenue by controlling costs

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October 23, 2017

by

Jessica Morales

Delivering connected services is a powerful way to grow your bottom line, but the complexities and costs can undermine your profits. One of your biggest cost considerations is managing network connectivity. Getting it right enables you to operate at a lower cost and eliminate unpredictable spend.

In part 3 of our video tour series on Control Center, we highlight how the platform gives you numerous ways to run a more cost-efficient IoT business. For example, with Usage Analytics to track real-time and historical trends across all your devices, and automation rules to take corrective action, you’ve got a one-two punch to reduce operational costs.

Unlocking insights to optimize connectivity spend
When you’re looking to avoid bill shock, you first need to understand where unpredictable spend is coming from. Usage Analytics give you an aggregated view of data usage across all your devices, so you can quickly see where costs are adding up.

Were there usage spikes that resulted in overages? Unexpected roaming charges? You can prevent these surprise costs by creating automated rules to detect when devices are reaching limits or entering new zones. Control Center can then take action such as automatically adjusting the rate plan to a tier with more data or add a roaming package.

Want a deeper dive on Control Center Usage Analytics? Catch this blog.

Managing costs with automation and self-serve agility
Reducing costs in an IoT business isn’t just about network usage. It’s also about being able to eliminate time-consuming manual processes, accelerate time to market, and solve problems before customers even notice.

For example, SMART Watering Systems needs to oversee connected devices for irrigation management across numerous cities. Using Control Center automation, they’ve been able to reduce their staffing needs by 75%. Deploying, maintaining, and fixing devices previously took many people and many hours. Now just a few people can handle nearly everything remotely in just minutes, right from their desktop or mobile device when they’re on the go.

And who wants to wait for their network service provider to change rate plans at the end of a billing cycle (after costs have spun out)? With Control Center, utility companies like Petersborough can make changes on the fly to avoid steep overage charges. The platform’s direct integration with service provider networks gives them the flexibility to quickly adjust rate plans if smart meter data usage suddenly spikes.

 

To learn more about amplifying efficiency with Control Center automation, see part 2 of this blog series. And don’t miss upcoming part 4 where we’ll explore how to protect your IoT business with multi-layered security.

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