Flat rate IoT connectivity means one less moving part for your IoT business case calculation

As deployment volumes for IoT devices scale up and services enter the mainstream, organizations are challenged to construct solid business cases for their propositions because of variables in connectivity pricing. What’s needed is a simple, clear proposition that provides them with a flat rate fee, per device for the lifecycle of a service.

The 1NCE Lifetime Fee offering provides this visibility into costs with a simple proposition of 500MB and 250 SMS for ten years for €10 per device. Other flat rate packages are available from 1NCE that address the needs of organizations that have shorter project lifecycles and 1NCE also offers its FlexTarif proposition that can be tailored for specialized use cases after discussion and analysis – again for a transparent flat rate.

This transparent pricing means that IoT organizations know pre-deployment exactly the cost of connectivity for each unit and therefore have complete clarity regarding this cost element for the life of the service.

Building the business case for an IoT deployment is, at first glance, a matter of constructing a simple equation: Determine the costs of the hardware, the software required to run, maintenance and support, plus the connectivity cost per unit and subtract those from what you will charge for your service to determine the profit. However, while most of these are relatively simple to calculate, some have significant variables that need to be taken into account.

Connectivity pricing is therefore among the greatest headaches for organizations that deploy connected IoT devices in volume to address. Variables in pricing exist between different nations or regions, some pricing is dependent on minimum – or maximum – order numbers and then there is the difference in cost applied to the network type. Often, these variables on a per device basis are small but, when extrapolated to a fleet of millions of devices, they can have substantial business impacts for IoT services.

IoT is not a traditional market place so traditional connectivity pricing tables should not be applied to deployments. Instead, organizations should leave the old world behind and gain the clarity, flexibility and simplicity of connectivity that is covered by a simple one-time, flat rate fee. Doing so means there’s one less moving part involved in calculating your IoT business case.

RECENT ARTICLES

Scality and HPE GreenLake accelerate on-prem cloud services to keep data sovereign

Posted on: May 24, 2022

London, UK. 24 May 2022 – Scality has announced the availability of its Scality S3 Object Storage on the HPE GreenLake Cloud Services platform to accelerate on-prem cloud services for customers who want to retain their data sovereignty, scale easily and manage costs. The two companies are committed to solving the greatest data challenges across the

Read more

Welbilt KitchenConnect launches the smart restaurant ecosystem for the foodservice industry

Posted on: May 24, 2022

Welbilt, Inc., a provider of commercial equipment and cloud device management for the foodservice industry, is proud to announce the launch of the Smart Restaurant Ecosystem. The ecosystem is powered by the digital companies in the Internet of Things (IoT) space that will empower its homegrown cloud platform for connected restaurant equipment, KitchenConnect.

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more