Telefonaktiebolaget LM Erickson. (NASDAQ:ERIC) has introduced a network service suite called the “Massive IoT” and this basically means massive internet of Things. According to Ericsson, this product package comprise of a wide range of radio network services which will enable the operators to effectively introduce Internet of Things applications through their networks” It is also said that these packages are efficient as they work across diverse networks such as Cat-M1 and works on narrowband IoT (NB-IoT) networks.
It is also apparent that this suite’s design and optimization will allow massive heterogeneous IoT networks to work together, it is also said that with such a move, it will be possible to enhance scenario assessment, network modelling, development appraisal and management of huge amounts of connections through Ericsson’s Support Services offering.
IoT Solutions has its reference on Chinese Telecom
According to Ericsson’s statement, “with this platform, enterprise customers can integrate their business process with the managed connectivity services offered by China telecom to create highly reliable IoT solutions” From the reference of China, it is apparent that the China telecom IoT Open Platform is normally powered by Ericsson’s global Device Connections Platform. This is a part of Ericsson’s IOT Accelerator which was launched in the year 2012. According to technical observers and analysts, this platform supports approximately 2,000 enterprise customers and 25 telecommunications carriers as far as managing their IoT connections across the globe is concerned.
Ericsson Collaboration with ZDNet in Deploying IoT Networks
Reports revealed that Ericsson is ahead of its competition in testing and deploying Cat_M1 IoT networks. ZDNet is known to be the largest giant currently working in Australia to provide 4G Cat-M1 IoT network all over Australia in collaboration with Telstra. Many of these projects are already under trial or are at the trial stage in Tasmania and Melbourne. Many expect that IoT will bring about a change as far as completion is concerned.
Proper planning, design, operations and capabilities will be required in order to do away with old traditional mobile broadband networks. Ericsson’s head of Business Area Managed Services Peter Laurin explained that good planning a project approach will enable 18 billion connected IoT devices by the year 2022”
Ericsson Stock closed yesterday’s trading session at $7.28, after declining $0.15 or 2.02%.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:
The Next Big Thing In Biotech?https://journaltranscript.com
Get our top rated alerts on the biotech sector
Miner Stock About To Explodehttps://www.journaltranscript.com
Investors are flocking to this stock like no tomorrow !