Wyld Networks’ new satellite IoT solutions allows IoT applications to be deployed in remote areas without any telecommunications infrastructure.
McKinsey consultants have found that the Internet of Things can only increase global GDP by $2-3 Trillion over the next 10 years, as only 15% of the earth’s surface is now connected to the internet.
Wyld Connect aims to solve this problem by allowing businesses and governments to use Low Earth Orbit satellites (LEOs) to connect their IoT device anywhere in the globe. Wyld Connect is said to be the beginning of a new era in remote communication. Data can be collected for agriculture and environmental management, and commodities and assets on land and at sea can be tracked via global supply chains. Businesses in the utility and energy sectors can monitor equipment and systems without having to spend money on lengthy site visits.
Satellite-connected Internet of Things (IoT), or the Internet of Things, is expected to grow rapidly. Wyld Networks satellite partners have launched constellations of low-Earth orbiting satellites. More satellite launches are scheduled for 2023. Data from anywhere has become a reality. This includes forestry management, soil monitoring for agriculture and container tracking across oceans.
While big data analytics is driving the need for more data from sensors, the organisations Wyld targets are focused on improving operational efficiency and sustainability. Wyld aims to meet the increasing demand for satellite Internet of Things, which Rethink IoT estimates will reach $5.9billion in value by 2025.
