FUTURE TECHNOLOGY
Role of alliances and partners in IoT eco-system
In today ’ s digital economy , the ability to create value depends a lot on relationships built within the IoT eco-system and Larry Socher at Eseye describes the opportunities here for partners .
Larry Socher , SVP of Strategy and Alliances at Eseye
The Internet of Things , IoT is becoming increasingly ubiquitous . Yet , with more devices connected , the opportunities for businesses to innovate and improve their operations are endless . Larry Socher , SVP of Strategy and Alliances at Eseye , discusses how businesses can best position themselves to use reliable and secure connectivity solutions for their IoT estates .
In today ’ s networked economy , the ability to create value depends primarily on the relationships built with other firms . As a result , strategic and product-related decision-making becomes increasingly complex . This is because a business is viewed as a component of a broader economic ecosystem and environment , where it influences and is influenced by other partners , suppliers , and organisations .
Within a business ecosystem , firms collaboratively and competitively develop innovations and capabilities where they have the capacity and freedom to do so . This enables them to support new products , meet customer needs , and incorporate subsequent waves of further innovation .
Platform-based technology frequently supports these ecosystems , serving as foundations for products and services . Suppose businesses want the ability to facilitate transactions between distinct groups of users in a two or multi-sided market . To do this , they need connectivity infrastructure that is robust and dependable enough to support it alongside partners that can enable it .
Modem manufacturers
Today , modem manufacturers play a critical role in the development and deployment of IoT ecosystems , helping to ensure that devices can communicate with each other effectively while enabling the creation of new applications and services . While IoT devices rely heavily on wireless connectivity to communicate with each other , enforcing the role of modems is the critical component that enables communication .
Yet to create an IoT ecosystem fit to allow web-enabled smart devices to collect and send data from their environments , they must be able to communicate with each other seamlessly . This requires not only compatible hardware and software but also standardised communication protocols and data formats .
However , the potential for modem manufacturers goes far beyond just creating connectivity solutions . Manufacturers are often involved in designing and deploying IoT networks , collaborating closely with stakeholders such as network operators , device manufacturers , and software developers . They might be called upon
A business is viewed as a component of a broader economic ecosystem where it influences and is influenced by partners , suppliers , organisations .
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