Overview
In the United Kingdom, the building technologies division of a Fortune 100 technology company is responsible for providing hardware leveraged in IoT utilities solutions that help drive efficiency and increase forecast accuracy. This division serves a wide variety of clients but many of them are retail and based in the UK.
Sustainability and optimization in utilities is a growing demand in Europe and the opportunity to serve this market is expansive. It’s estimated that by 2025, the global market value for IoT in utilities will be $55.8 billion. For this organization specifically, they focus primarily on providing hardware for monitoring electricity, gas, heat, and water consumption.
The Challenge
The hardware for monitoring these solutions posed a problem of pricing. Striking a balance between keeping costs down without impacting service quality was an important strategic goal, so this organization turned to KORE to help meet those challenges.
An IoT services and solutions partner generally has established hardware relationships and can help negotiate and find optimal hardware prices, as well as work with the customer to help best achieve budget requirements.
For this organization, KORE’s ability to help manage costs in hardware procurement was the main driver in choosing an IoT solutions provider.
Not only could KORE procure cost-effective devices in a timely manner, it could also support as a strategic adviser with a full-scale technical team to help navigate hardware and platform integrations.
A unified approach to connectivity management can offer more control over IoT solutions, which helps manage data usage and cost.
The Solution
KORE has not only been able to help with hardware procurement, but it has also enabled future-proofed, global connectivity through eSIM-enabled hardware in a competitive environment. The organization is further able to manage its devices through KORE ConnectivityProTM, an award winning connectivity management platform that provides a unified view of devices and activity levels. ConnectivityPro offers the advanced functions needed to manage every network connection, as well as order, provision, and activate new services; monitor usage and identify issues; or analyze trends to improve performance.
A unified approach to connectivity management can offer more control over IoT solutions, which helps manage data usage and cost. For this organization, in just a year with 50 SIMs, an average of £4,000 was saved.
The Results
In IoT solutions, having a reliable, expert relationship can make deploying, managing, and scaling IoT much simpler. Because of its relationship with KORE, the organisation was able to reduce its overall costs, maintain the same service level, and implement comprehensive, unified solution management. KORE is the leading global IoT service provider with expert relationships in hardware and device services, as well as managed services, logistics, connectivity, and more. Reach out to learn about KORE and our services.
About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes.
For more information, visit www.korewireless.com
