As the Internet of Things (IoT) spreads its influence across the home and the enterprise, several industries are leading with investments in innovative technologies that are changing the way we live and work. According to Gartner, IoT adoption reached almost 45% of all enterprises worldwide by the end of 2016.
The world economy is on the verge of a new technological revolution due to the Internet of Things (IoT). This revolution will significantly change the structure of the global economic system. In 2015 the cost of using IoT technologies in industrial facilities was $870 billion, and for consumers, it was $546 billion.
Telecom operators and organizations around the world have developed numerous billings solutions and techniques over the years to facilitate customers as well as for the progression of the telecommunication industry. Furthermore, it’s an ongoing industry that keeps inventing new mechanics for its improvement.