Security concerns remain the number one inhibitor to IoT monetization by operators. To leverage the advantages of the first movers, operators have to invest in dedicated security while telematics and vehicle security still mature.
The Security Challenge Mobile operators have become the natural partner to car manufacturers in offering IoT-based telematics services. Operators monetize vehicle data as collected by telematics platforms in a variety of use cases, such as:
- Over-the-air (OTA) customer services (e.g. software updates)
- Usage-Based Insurance (UBI)
- Fleet Management / Asset tracking