As businesses continue to adapt their tech strategies, OEM’s are looking for network technologies that will best support their future customer needs.
Delivering long-term application connectivity across a variety of business use cases, power consumption, cost, reliability and performance are critical. That’s why Narrowband Internet of Things (NB-IoT) is a highly feasible option for many companies, across many industries, to adopt IoT solutions.
For businesses, NB-IoT technology provides connectivity to a large set of assets that aren’t suitable for traditional cellular connectivity because of the restrictive cost or power requirements. NB-IoT has the potential to support companies enable application innovation, meet increasing needs for access to information, and help in drawing data insights and business outcomes. Especially small and medium-sized businesses need Narrowband-IoT as a basis to make the IOT suitable for the mass market. Only with NB-IoT do many manufacturing entrepreneurs have the chance to effectively network their products and equipment. This will assist them to create new customer relationships and business models. This is where NB-IoT is a reasonably priced technology for the Internet of Things.
Long runtimes, high scalability and a deep building penetration at low costs are critical to the success of any IoT project. NB-IoT overcomes many of these limitations as it is standards based and carrier grade, working in licensed dedicated spectrum bands, providing businesses a wide array of benefits such as:
1. Better security
2. Carrier grade reliability
3. Long life battery
4. Ubiquitous coverage
5. Long sistance abilities
6. Cost savings
No matter the size of your business, nb-iot devices and technology are certainly an option to consider. They are reliable and secure, with a quick connection that cannot be beaten. Looking ahead as the technology evolves, NB-IoT devices will provide the right benefit at the right cost for your business applications.
The tracking ability of nb-iot devices is being utilized in many emerging use cases across dozens of vertical markets. NB-IoT’s characteristics, reliable connectivity, support for a high number of devices per cell, lower cost, LTE-based security, integration capability and low power consumption, will support a wide range of use cases and business benefits now and in the future. Because NB-IoT marks off so many factors for industrial, public and consumer use, it’s enabling real business use cases that derive value instead of enabling mere applications.
The potential industry applications of NB-IoT:
• Retail: Large numbers of devices like barcode scanners and geolocation beacons to improve customer experiences and to access real-time information on stock availability and track items in the supply chain.
• Transportation: From private to public transportation, from supply chain logistics to public transit sensors could provide valuable data insights, improving traffic analysis, navigation, and congestion
• Smart Buildings: Alarm and event detection systems can be powered by NB-IoT from gas leakage diagnostics to home intrusion detection, or offer intelligence for detected events such as a sudden increase in temperature or the presence of smoke that might lead to fire.
• Smart Cities: From smart parking sensors to reduce traffic to smart rubbish bins and street lamps, NB-IoT could be integrated into existing infrastructure at a low cost acting as the backbone of all connected things.
• Smart Metering: There is adoption in water and gas metering lower costs and improve service quality by remotely analyzing the sensors.
• Environment: Affordable, battery-powered environmental sensors can be used at non-powered locations to capture air conditions and provide data for more accurate forecasts and actions.
• Research: Research organizations use nb-iot devices to track packs of animals in the wild in order to research their living habits and migration patterns.
• Agriculture
Additionally, nb-iot devices can be used to track all of an individual’s personal posessions such as their pets, phone, tablet, car keys, and computer or the eldest and kids. Asset tracking, will have the largest share of overall LPWA connections in 2023, accounting for over 45% worldwide, ABI says.
NB-IoT will provide companies with valuable analytics, improve real time decision making, and increase productivity.