IoT is amending almost every physical object that is surrounded by us in an ecosystem of connected things. From home to parking spaces, IoT based solutions are connecting more and more everyday things, simplifying our lives, saving us time and money.
A survey from Analyst firm IHS forecasts that IoT market will from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
Though smart homes, parking, plants, smart driving have gained a lot of media attention, now the growth drivers behind these statistics is expected to come from the business models based on M2M (Machine-to-Machine) IoT. IoT ecosystem has got a significant boost when the GSMA announced about its embedded SIM specification. It allows remote, over-the-air provisioning of machine-to-machine (M2M) devices, enabling mobile networks, with more robust SLAs to become networks for IoT delivery – cellular IoT.
The main aim of IoT based solutions is to gather data remotely from the physical devices. The range of applications for smart SIM cards spans the entire physical world. Any physical device that needs attention and study can be easily tracked with the Smart SIM card. Let’s go through some common uses of IoT Smart SIMs.
1. Smart IoT SIMs and GPS
One of the most common uses of SIM cards in IoT is for tracking objects, people, and pets using GPS. Knowing the physical location is vital for both commercial and personal purposes.
Let’s take for an instance, businesses that regularly accept shipments across state or country can use products that are embedded with the Smart IoT SIMs to keep a track on the location of their goods and shipments.
Moreover, IoT SIMs can also be useful for finding lost pets, tracking children, items like bicycles or a kid’s backpack, or even family members having any diseases like Alzheimer.
2. Payment processing with Smart SIMs
Smart SIM cards help businesses to process credit cards with wireless Point-of-Sale (POS) systems. This makes an ease for the people in both brick-and-mortar locations and open markets. Moreover, it lowers the upfront costs for the retailers while establishing secure connectivity to banking and credit card institutions.
IoT connected card readers, however, are separate machines that make use of Smart SIMs, for rapid processing demand along with highest customer confidence.
3. Resource Management with Smart SIMs
Smart SIM cards when integrated with meters helps to manage the resources with systems. Municipalities and utility companies are able to track water wastage and water with the Smart SIMs. This leverages the water managers to keep track the miles of distant pipes. Moreover, it also helps them to make sure there are no blockages that could lead to flooding or unsafe work conditions. These IoT based solutions can also help communities conserve water during droughts.
4. Smart Parking with IoT based SIMs
People can leverage the use of Smart SIMs to make parking hassle free in the congested areas. Having information about available and occupied car parking spaces from parking terminals and meters to the mobile apps makes easier for them to spend time looking for a place to park. Smart parking, moreover, shows the drivers where they can legally park.
Currently, many established business adapts IoT based solutions, it is important for them to withstand on variations in environmental and climatic conditions. SIMs deployed with IoT solutions operates under higher temperature and pressure levels. It becomes ideal for all IoT implementations in the severe conditions and is deployed for the longer lifespans.
Smart SIMs have leveraged the read-write constraints and a lifecycle that is boosted almost up to 5 times longer than regular consumer SIMs. This significantly reduces the cost for SIM replacements during the lifespan of your device.
How are you approaching towards your IoT based solutions? How will it reduce your business’ operating costs or increase your revenues? Are you looking for our solution partner? Get in touch with us to know more about our IoT solutions at [email protected]