The Industrial Internet of Things (IIoT) market is now likely to embrace a private LTE network. GE Digital, Nokia Corp (NYSE:NOK) and Qualcomm, Inc. (NASDAQ:QCOM) have successfully demonstrated the possibility of digitizing the industrial processes. They claim that a standalone LTE network would enable connectivity of users, analytics, and devices in a local area.
The idea behind a private LTE network is basically about having a devoted connectivity for a company’s applications. This results in quality service and guaranteed latency. The trio is now expected to attend a Mobile World Congress from where it shall outline the private-LTE-meets-IoT demo.
Industrial companies require local connectivity: Will the private LTE network help?
A majority of industrial companies have operations in isolated settings or temporary sites. We are talking about warehouses or ports, power plants, factories, mines, and offshore oil platforms. More often than not, they experience connectivity challenges hence a standalone LTE network would come in handy.
The wireless connectivity will enhance performance and reliability according to GM Digital Automation, Nokia. Stephan Litjens writes, “Private LTE networks bring an entirely new level of advanced, low latency and robust wireless connectivity solutions into verticals and industries.”
Industrial IoT will give companies the ability to leverage core advantages of LTE
Every company seeks full mobility in its operations for purposes of proving incredible coverage, predictable latency, and quality service. This is exactly what the collaboration will be providing so long as they keep on to utilizing wireless data and connect various IoT devices to their networks.
The wireless connectivity solutions will be a significant milestone for companies seeking to increase the level of automation. The three companies have different roles in the collaboration. Qualcomm will provide both the wireless technology and the device chipsets. Nokia will provide base station infrastructure while GE will work on the integration of these new types of connectivity into its Predix platform.
Clearly, it is going to be a totally new world for those industries which will embrace the trio’s concept. In the meantime, Qualcomm Technologies’ stock closed at $57.10 an increase of $0.35 or 0.62% while that of Nokia closed at $5.10 witnessing an increase of $0.01 or 0.20%.
