With an estimated 5.2 billion connected devices by 2025, IoT is now a fundamental part of government policy and corporate strategy. The ability to track, monitor, record and analyze through a vast array of highly innovative sensors has transformed many businesses and industries. But, until now, the true power of IoT has been limited by fixed and wireless connections. Currently, only 15% of the planet is covered by affordable, accessible IoT connectivity.

If organizations are to truly harness the power and complexity of IoT, connectivity needs to expand globally. It has to be both affordable and accessible, however, the only alternative to wireless networking is satellite IoT at a price that is not acceptable for the vast majority of businesses or use cases. That is, until now. Affordable end-to-end technology models are transforming accessibility and unleashing unprecedented innovation that will completely redefine the power, value and perception of IoT.

Drive Value

The post-pandemic economy has spurred an evolution in business drivers, with private and public sector organizations increasingly focused on delivering value to customers, employees and the wider global stakeholder group. But how can this value be measured, validated or communicated in a world that demands quick results and immediate decisions?

After two years of turmoil, companies need to realize and demonstrate real innovation in their supply chains to support new models of efficiency and deliver tangible value to shareholders. After COP26, environmental protection has risen to the corporate agenda, and companies must demonstrate their sustainability strategies to avoid the risk of green-washing allegations. According to the Food and Agriculture Organization of the United Nations (FAO), agriculture is facing enormous pressure to address the twin challenges of climate change affecting the growing season and an estimated need to produce more than 60 percent of the food to feed a world population of 9.3 billion by 2050.

The constant connectivity of IoT plays a key role in enabling needed innovation and quickly proving its value. From connected cars to industrial equipment tracking and environmental monitoring, increasingly sophisticated IoT sensors are embedded in global infrastructure. However, with 85% of the world not covered by cellular technology, IoT is simply not an option for most organizations. For example, agriculture is eager to adopt technologies that reduce the need for widespread use of animal drugs, minimize chemical use, and effectively address the challenges of climate change. The true power of IoT to bring about fundamental change will never be realized without complete global coverage.