NTT and Cisco have teamed up to launch a suite of repeatable IoT solutions that can be sold as a managed service. The partnership brings together NTT’s edge infrastructure, managed services, and IT systems integration expertise and Cisco’s IoT capabilities. Together, they promise to offer IoT services that encompass real-time data insights, enhanced security, improved decision-making, and reduced operational costs through predictive maintenance, asset tracking, and supply chain management.
NTT and Cisco are targeting opportunities in the manufacturing, transportation, healthcare and utility sectors, where they claim there is growing demand for edge computing and IoT solutions. The team has already begun working with Belgian public water distribution utility, Compagnie Intercommunale Liégeoise des Eaux (CISE). CISE has deployed thousands of LoRaWAN sensors on its infrastructure, giving it the visibility it needs to improve efficiency in the areas of water quality, consumption, distribution, and maintenance. It’s being delivered as a managed service by NTT and Cisco.
“We are accelerating our IoT business initiatives to deliver a powerful portfolio of repeatable services that can be tailored to meet customer demand for these kinds of solutions,” said Devin Yaung, SVP of group enterprise IoT products and services at NTT, in a statement. “We’re doubling down on NTT’s IoT capabilities to meet customer demand,” said Yaung. “What we’re doing is pulling together our collective knowledge and skillsets, and putting the full power of NTT behind it, to better service our customers and the increasing need to outfit or retrofit their organisations with the connectivity and visibility they need to improve day-to-day business operations.”
“We are excited to work together to help transition our customers to this IoT-as-a-service model so they can quickly realise the business benefits across industries and around the globe,” added Samuel Pasquier, VP of product management, industrial IoT networking, at Cisco.
According to IoT Analytics, global enterprise IoT spending is expected to grow 19% to $238 billion in 2023, up from $201 billion in 2022. By 2027, it could reach as high as $483 billion.