TOP TAKES is IoT Sources’ filtered content channel, bringing you the most important breaking news and notable events surrounding the Internet of Things. Today’s post originated from: businesswire.com.
Senet, a leading provider of global, cloud-based software and services platforms to enable network connectivity build-out and management of the Internet of Things, announced today the launch of the Senet Low Power Wide Area Virtual Network (LVN™). Moving beyond today’s antiquated network connectivity business models, the Senet LVN creates opportunities for network operators, solution providers, systems integrators, municipalities, and enterprise organizations to proactively contribute to the rapid build out of global IoT connectivity and immediately benefit from revenue share models based on their level of participation.
“There is an IoT land grab taking place among network operators while, at the same time, solution providers are struggling to model a return on investment because of high network costs and limited coverage”
Senet’s LVN, Managed Network Services for IoT (MNSi™) and public network are powered by its proprietary Network Operating System, which is built on a common cloud-based services architecture. The Senet operating system provides extremely efficient, scalable and secure options to connect and manage low power, low-cost sensors at massive scale and simplifies historically complex operations related to application and device registration, message accounting and settlements.
- A modern IoT architecture built on a highly scalable and secure cloud-based services
- A host platform for Radio Access Network participants
- Global device provisioning and device placement on any LVN Radio Access Network
- Roaming between participating operators and other connectivity providers
- Single billing supporting global device connectivity
- Standardized global device activation and deployment processes
- Comprehensive global network operations support
- Revenue share models across provider classes
“There is an IoT land grab taking place among network operators while, at the same time, solution providers are struggling to model a return on investment because of high network costs and limited coverage,” said Senet CEO Bruce Chatterley. “The Senet LVN addresses these challenges by modernizing IoT connectivity and offering ways for an entire ecosystem of participants to monetize their networks and services. Our innovative LVN technology essentially creates a demand-based and incentive-based ‘Network Effect,’ or ‘Connectivity Marketplace’ to building out the Senet global IoT network. The next big transformation taking place in IoT relates to network connectivity, and the first to market have the most to gain.”
LVN Engagement Examples
Unique to the Senet Low Power Wide Area Virtual Network are business models designed for organizations to engage at various levels of participation and benefit from a revenue share model based on the role they play in the larger network ecosystem.
For example, a network operator (Cable, Wireless, Fiber, or CLEC) can augment their connectivity portfolio by deploying LoRaWAN gateways on their existing tower or building assets and extend their branded services well beyond their existing footprint to generate revenue from a broader customer base. Domestic and international LoRaWAN networks will interoperate through roaming, allowing connected devices to be placed on any operator network, supporting mobile IoT applications and making global connectivity a reality.
The Senet LVN also creates opportunities for new partnerships between municipalities and service providers. Municipalities, for example, are in a unique position to partner with utility companies to create the backbone for connected city-wide services. LoRaWAN gateways deployed on a combination of city and utility owned assets create a relationship that supports rapid network deployment, broad coverage and revenue sharing without any individual party incurring the brunt of the capital equipment expense. Senet then manages these network assets using its Network Operating System. Once deployed, any device from any application or solution provider that connects to these networks generates a new revenue stream for the municipality and/or utility. Embracing such an opportunity could mean a huge technological leap forward and lay the foundation for true smart and connected cities.
In addition, Senet provides an opportunity for thousands of global IoT application providers, system integrators and enterprises to register their LoRaWAN gateways on the LVN and generate revenue based on the number of qualified messages using their Radio Access Network. This model supports both production deployments and large market trials, allowing for participation in the Senet LVN at various levels of application rollout.
With this new approach to providing LoRaWAN network IoT coverage, Senet is enabling businesses to revolutionize their products and operations by delivering ubiquitous network connectivity wherever it is needed, when it is needed and at the lowest possible cost. To access the Senet network to test LoRaWAN end devices and gateways, sign up for a free Developer Portal account or contact us at firstname.lastname@example.org or +1 877-807-5755.