Retail IOT Services: Best Practices to Minimize Operating Expenses

Category: Big Data   |   Presented By: Cisco

Understanding the OpEx costs can help retail leaders make smart decisions about the technology and processes they need to ensure they can deliver secure, reliable IoT services at the lowest cost.
First, let’s define the categories of ongoing costs incurred in running a connected services business:

• Network communication: Connecting devices to the internet, most often via a cellular mobile network, wireless sensor network, Wi-Fi, or Low-Power Wide-Area Network (LPWAN).

• Administrative labor: Day-to-day management and operation of IoT devices and related business processes.

• Technical support: Identifying, troubleshooting and resolving fieldreported issues with the IoT devices.

In addition to these hard costs, you also need to consider the OpEx areas that
can impact time to market. For example, how quickly can you…

• Roll out new devices and services?
• Generate revenue from those devices and services?
• Enter new markets with different connectivity providers?

Security Threats | Technology | Router | Networks | Wireless