The industry research and analysis firm, IDC, has published a research report offering tips to better understand the true costs of an M2M deployment. Investing in an Internet of Things (IoT) Solution: Asking the Right Questions to Minimize TCO, includes recommendations to help M2M businesses judge the Total Cost of Ownership (TCO) of competing services on an equal level, beyond initial connectivity pricing.
An M2M/IoT device maker with a low TCO can gain significant cost advantages over time. Aeris Communications used IDCs report to offer a new, real-world TCO comparison of an Aeris M2M deployment versus those of MNOs and MNVOs, and found that over a 12-month period, TCO of an M2M customer using traditional carriers was more than twice ashigh than for one using an Aeris solution.
IDC outlines recommendations to M2M device makers to help them lower their TCO. Aeris supports these recommendations and offers services to support them.
Here are IDCs recommendations, along with Aeris support for each one:
Plan for the number and intensity of initial solution deployment activities.
Determine the time to market required for an IoT/M2M solution and determine how long your company can afford to spend getting its program up and running. Look for the right device to fit the purpose of your deployment and to ensure that your back-end systems can handle the additional data load created from an IoT/M2M implementation.
Aeris focuses solely on M2M. We offer clients hands-on expert advice to help customers plan for every facet of an M2M deployment.
Don't underestimate the need for a connectivity management platform.
Be sure that your business has an easy plan for ensuring that its IoT-related connectivity charges are accurate and the connectivity is maintained, especially during peak (or important) times. Businesses should expect to source IoT/M2M solutions that leverage platforms to fully automate connectivity and application usage if required.ff
The Aeris AerPort customer portal includes our crowdsourcing solutions for more quickly identifying the source of outages, significantly reducing downtime and overages from repeated connection attempts.
Understand if your company can afford to invest in the applications and data analytics required to truly generate the value of an IoT/M2M deployment.
The future of IoT/M2M is in large part about the value of the applications and data analysis that emerges from the massive amounts of data IoT/M2M solutions generate. Ensure that your IoT/M2M partner is able to assist in linking captured data with back-end systems. A cloud solution that stores data and makes it accessible from many different avenues will increase the value of the overall deployment.
The Aeris application enablement platform called AerCloud offers a low-cost and simple method for creating apps that can simplify the gathering and sharing of data.
Ensure your company understands the fixed and variable (or recurring) costs.
Before choosing a vendor and moving forward with an IoT/M2M solution, make sure your company understands not only the fixed costs but also the variable costs associated with the program. Especially with IoT/M2M deployments, several costs can be either variable or recurring.
Aeris not only offers flexible pricing plans for M2M and IOT deployments of all sizes, but also provides customized billing, multiple rate plans, and models that match the business requirements of customers -- and fully support them in-house.
Ensure your IT organization has resources available to ensure a smooth deployment.
Businesses should also consider working with a vendor that can assist in the end-to-end deployment of an IoT/M2M solution. If not, decision makers will have to consider staffing, budget, and skills available to handle hands-on management and monitoring they want in their IoT/M2M solution.
Aeris expert team of M2M consultants is dedicated to our customers, helping evaluate resources and creating solutions and processes that suit each individual business model and technology.