With affordable connectivity options like NB‑IoT or LTE‑M, what new business models are emerging for low‑cost, wide‑coverage IoT deployments in agriculture, logistics, or small-scale manufacturing? How can SMEs monetize sensor data or access shared‑service platforms?
Debashis Kundu
5G and LPWAN (Low-Power Wide-Area Network) technologies are transforming the Internet of Things (IoT) landscape by lowering barriers to entry for small and medium-sized enterprises (SMEs), especially in sectors like agriculture, logistics, and manufacturing. While 5G offers high bandwidth and ultra-low latency ideal for real-time data processing and automation, LPWAN options like NB-IoT and LTE-M offer inexpensive, energy-efficient connectivity for devices that transmit small amounts of data over wide areas—perfect for rural or remote deployments.
In agriculture, for example, farmers can now deploy affordable soil sensors, livestock trackers, or irrigation systems with NB-IoT, accessing real-time data without investing in heavy infrastructure. In logistics, LPWAN enables tracking of shipments or condition-sensitive goods (e.g., cold chain logistics) with low-cost, battery-powered devices. In small-scale manufacturing, sensor data on equipment usage or environmental conditions can feed into predictive maintenance systems or compliance reporting platforms.
Emerging business models include data-as-a-service (DaaS), where SMEs monetize sensor-generated data by selling it to cooperatives, regulators, or insurers. Others include shared-service platforms where SMEs pay subscription fees to access analytics dashboards, predictive models, or compliance reports without maintaining full in-house teams. By combining 5G's speed with LPWAN’s reach and cost-effectiveness, IoT is no longer exclusive to tech giants—SMEs can now build agile, data-driven operations with minimal upfront investment.
Dear Kwan Hong Tan
Thank you for the detailed response. I agree 5G and LPWAN are game-changers for SMEs, enabling cost-effective IoT in remote areas. Models like DaaS and shared platforms truly democratize access, allowing small businesses to leverage real-time data and predictive analytics without heavy infrastructure or investment. Exciting times for SME digital transformation!
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