According to some estimates, there will be 40 billion IoT devices in use around the globe by 2025, and they will generate almost 80 zettabytes of data. One zettabyte is a trillion gigabytes. A takeaway from this statistic is that the devices generating this data also require and consume a substantial amount themselves as they produce value-added outputs.
Worldwide spending on IoT has already surpassed the $700 billion mark, and much of that spend goes to data plans. The use and transfer of data are integral to IoT solutions, so choosing the right connectivity partner is a critical step that can help you manage your resources and optimize your data consumption. A failure to find the correct data and device connectivity partner can lead to high data charges and other issues such as coverage failures, data loss, distortion, and high maintenance costs.
Here is what you should look for:
When it comes to data plans designed for IoT networks, it is best to go for broadband connectivity designed for deployments that experience high data usage. Working with a provider that offers flexible data plans can ensure that your organization’s specific needs are met and that you don’t spend more than you should on an internet or data transfer connection. If you expect your monthly data usage to vary month to month, look for an IoT data plan that offers automated resource allocation at optimized rates. Some providers offer pay-as-you-go data plans in which you are only charged when your network uses data. Your network provider’s flexibility and the options they offer can help your organization save money and cut down on costly overages, helping you avoid surprises when your monthly data bill arrives.
With the right analytical tools, it will be easier to understand your data usage and strategically make changes that can lower your overheads. You should be able to easily manage your connections, whether on a local network or connected over different networks and wireless protocols. Be sure to check the availability of these tools, how easy they are to use, and whether they give you the insights you need into your connections on a single, intuitive interface. If yes, it will be that much easier for you to optimize operations and effectively manage the costs associated with running your IoT deployment.
You should also be able to see your network’s health in real-time and be able to adjust network pricing plans to meet changing system needs. Some plans offer self-care and lifecycle management tools that help you conduct real-time diagnostics, change usage controls, and tweak network parameters to find the right balance between data usage and your desired outputs.
Custom Plans for IoT Data
When people speak of IoT plans, they tend to focus on data since that is what IoT devices mostly use their network connections for. However, some devices also periodically use other forms of communication. Many IoT deployments may require distinct kinds of data, and different plans may be better suited to such needs. For example, even if you think your IoT solution requires a data-only plan, some of your applications might need to send alarms or warnings over SMS or via voice memos. Look for a provider who can offer custom IoT data packages that can cater to everything from short data bursts to large broadband file transfers.
2G, 3G, 4G/LTE, 5G Mobile Broadband Packages
If your organization still uses legacy 2G or 3G devices or systems of any sort, it can be challenging to rely on a single broadband package for all your data needs. Look for an IoT data provider that can accommodate both your new as well as your old devices. While most providers are phasing out their older generation networks in favor of 4G and now 5G, you can still find providers that seamlessly support and provide 2G and 3G broadband packages. Every organization is different. If you are not ready to upgrade legacy systems or devices to more modern technologies, finding a provider that can support multiple technologies will give you the time to continue business operations without making drastic changes to your systems or workflows.
It can be time-consuming – and therefore costly – to sort through bills and manage connectivity costs. In some cases, it can also be confusing to pinpoint where and how one cost category plays into your system’s larger scheme. Look for a provider that offers simple data agreements with transparent and predictable pricing. Ask about hidden fees, especially unexpected data overages or roaming connectivity charges. You can only optimize data consumption costs if you know what you are paying for every month.
IoT deployments, the aggregation of information, and extracting insights from your data can help your organization in so many ways, but it shouldn’t break the bank. Data is the most integral aspect of any IoT solution, so choosing the right connectivity partner is an essential part of getting more out of your devices while optimizing your data spend.
Kajeet’s Solutions Engineers can help you design and deploy an effective and robust IoT solution custom-built to meet your business needs and reduce your network costs. Contact us today for a consultation with one of our solution architects.