What IoT Means for Competitive Carriers

By Jim MacKay Aug 30, 2016 10:30:00 AM


The Internet of Things is taking over. Here are a few ways competitive carriers can adapt to keep customers happy.

It’s not surprising that the Internet of Things (IoT) is gaining traction with consumers. After all, the idea of a fully-connected world is pretty appealing. But what does IoT growth mean for competitive carriers who have to meet demands for connectivity? Let’s take a look. 

Competitive carriers must know their customers better than ever.
The biggest part of knowing what to offer customers is knowing who the right customers are. Sounds like a no-brainer, right? Surprisingly, not all carriers truly have their customer base nailed down. While carriers are planning for new products and services to meet IoT demands, knowing who they’re catering to is imperative. 

Competitive carriers must know how to be flexible.
Once a carrier identifies their core customers, it’s time to figure out what those customers want. And while it’s possible to serve both enterprise and individual customers, carriers should know it’ll take some work to find a balance that meets the diverse IoT needs of each type.

Competitive carriers must be ready to grow.
With a boom in popularity comes a boom in activity. As carriers start to see more data hitting their network, they’ll need to grow accordingly. Accommodating the extra activity by growing the network is an essential part of being IoT-ready.

Are you a competitive carrier readying for the IoT boom? Tweet @Fortegra to share ways you’re preparing your business.

Categories: Warranty Solutions

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