The telecommunications and IT industry involves the collection of a vast amount of data from a large number of sensors, which need to be monitored and analyzed. AoT extracts value from such large IoT data. For telecommunications and IT players, customer retention and understanding customer experience are the primary goals for incorporating AoT in their business. AoT enables telecom players to gain real-time information on their end customers. For instance, when a prepaid data balance is likely to drop, telecom companies can automatically send a text to customers notifying them about their data balance. Due to real-time offer, it enables customers to renew their data plan on the spot and at special prices from their mobile devices. Due to anticipatory selling, ultimately, telecom players boost revenue and retain the customers.
IoT Analytics in IT and Telecom
Oracle provides an IoT platform to develop new IoT services quickly, using Oracle portfolio of products. This enables organizations to handle growing volumes of data, streamline application development and deployment, automate integration of data, and protect the data across the entire IoT value chain. Oracle provides a variety of IoT analytics solutions, including Oracle IoT Cloud Platform as a Service (PaaS) and Oracle IoT applications with built-in analytics for Key Performance Indicators (KPIs), anomaly detection, comparative analytics, and predictive analytics. Oracle also provides an IoT cloud service which is a secure and scalable platform to quickly build and deploy IoT applications, and capture and analyze IoT data.