The world is more connected than ever before. Through the Internet of Things (IoT), we’re not only connected to each other, we’re also connected to the objects and devices designed to make our lives easier. This has led to major shifts within both the consumer and industry markets.
The Internet of Things (IoT) refers to the connection of products to the internet so they can communicate with each other, a company or users. Telenor is one of the world’s largest IoT operators and delivers IoT solutions in several markets.
The IoT creates opportunities for entirely new kinds of products, as well as new services and business models. It can open up completely new business opportunities, such as vehicle sharing, enable cost savings or increased efficiency by autonomous operation of vehicles and machinery, help create better products based on real user data, or help monitor supply chains, which has been especially important during the Covid pandemic.
In the rapidly expanding smart cities marketplace, there is a growing need for connected solutions that support the management of urban infrastructure, parking and traffic, electric vehicle charging, waste handling, information sharing and security services.
Read more in our beginner’s guide to IoT terminology