M2M, IoT, and finding the value
Business moves at the speed of light. In order to stay competitive in today’s global workplace, savvy enterprises must rely on the technology that’s available today, while preparing for what will come tomorrow.
New connections like wearable technology, mobility, and particularly the Internet of Things (IoT), are emerging as key enterprise connection points of the future. These technologies – although not without cost, complexity, and risk – will help enterprises connect more effectively to customers, users, other devices, and the world in general.
Enterprises and IT leaders have long understood the value of connectivity in improving efficiencies across the globe, maximizing asset usage, and getting the most value out of every resource and relationship. In many industries, machine-to-machine (M2M) connectivity is evolving into the greater concept of the Internet of Things.
If M2M is a linear, closed system architecture consisting of hardware with a modem, a service plan and a data repository, then IoT is the next logical progression for data and application management. A key difference between these two models is that the goal of M2M is simple data access and connectivity, while IoT involves continuous improvements of Product-as-a-Service functionality based on data analysis.
The value of IoT therefore resides not in the device, but in the capability to take actions that enhance the value chain and the end-point of consumption.
The driver for supporting IoT is the analytic engine at the top of the IoT stack. As such, leading firms look to these in-depth analytics to help achieve corporate objectives – and this requires the most advanced technologies available.Tangoe is a global leader in providing software and services to help clients get the most out of their mobile, fixed, IoT, cloud, and IT connections. The company is leveraging the SAP HANA in-memory computing platform to power its Matrix suite of on-demand software and services.
“Tangoe currently manages over $30 billion in annual telecoms expenditure alone, and the co-innovation partnership with SAP is helping to position the company for rapid growth in the future. As the company moves increasingly into cloud licensing, M2M and IoT, it expects that figure to treble in the next few years. As David Bukovac, Vice President, Alliances, Tangoe puts it: “With SAP HANA, we have built a platform that will give us the horsepower to process data faster, and with more robust power, across these asset types.”
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