16 Oct

AT&T Going for the Enterprise Internet of Things

WRITTEN BY Rachel Gunter

AT&T builds enterprise IoT platform

While AT&T’s (T) IoT (Internet of Things) collaboration with luggage company TUMI is aimed at the consumer market, AT&T is also actively pursuing the billions of revenue dollars in the connected enterprise market.

Working in collaboration with Microsoft (MSFT), AT&T has built an IoT management platform for the enterprise market. The platform, called Operations Center, is based on Microsoft’s Azure cloud and is designed to simplify the way businesses track and monitor IoT assets. AT&T’s enterprise IoT platform will be available for customer testing beginning later this year.

AT&T Going for the Enterprise Internet of Things

AT&T eyeing bike-sharing market

In another enterprise IoT push, AT&T has partnered with bike-sharing platform Mobike to provide connectivity for its connected bikes. Mobike has mostly operated in China (MCHI) and Europe (EFA), but it is expanding its dockless bike-sharing service into the United States (SPY).

According to research company ReportsnReports, the connected enterprise market will be worth $400.9 billion by 2021, compared with $102.6 billion in 2016, as illustrated in the chart above. This prediction implies a massive revenue potential for enterprise connectivity providers such as AT&T.

Big data, cloud computing, and enterprise mobility are some growth catalysts for the enterprise IoT market. The overall IoT economy is forecast to grow to $1.3 trillion by 2020, according to IDC.

An escape from the slowing core wireless market

IoT is promising to provide a much-needed economic escape for AT&T and peers Verizon (VZ), T-Mobile (TMUS), and Sprint (S), which are struggling for growth in the core wireless market.

Latest articles

JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.

17 May

What to Know about the US-China Trade War

WRITTEN BY Mayur Sontakke, CFA, FRM

The key point of contention in the US-China trade dispute is the large trade deficit the United States runs against China.

On May 16, the Labor Department reported jobless claims for last week. Initial jobless claims fell by 16,000 to 212,000 for the week ended May 11.

Jeffrey Gundlach recommended investors take advantage of the volatility in interest rates at the recent Sohn Conference.

Tesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they've recouped their losses.

According to Reuters, on May 16, Vale (VALE) told prosecutors that a dam was at risk of rupturing at its Gongo Soco mine.

172.31.1.77