Inmarsat on Tuesday announced the launch of Elevate, a partner ecosystem for the internet of things (IoT), news that comes as 77% of enterprises have deployed at least one IoT project, according to an Inmarsat report earlier this year.
Elevate enables companies to access and collaborate with a range of IoT partners, Mike Carter, president of Inmarsat’s enterprise division, told Connectivity Business News.
The news builds on Inmarsat’s announcement last month that it is making satellite services available on a rental basis. “Normally, the leasing customer will see an agreement that covers a static area through a static beam, which gives us a finite number of beams that they can operate the services within,” Carter said.
“We offer, as part of our IoT leasing service, dynamic beam management, and this is really important because it allows the customer to only pay for that portion of the beam for the portion of time that they’re going to need it for. It reduces the barriers to entry for a lot of our players, a lot of whom are startups,” he added.
Inmarsat also on Tuesday announced a partnership with India-based telecommunications provider Bharat Sanchar Nigam Ltd. (BSNL) for L-band service, including IoT, in India.
The company has five divisions, according to Carter, and its land-based commercial services fall under the enterprise division. Other divisions are maritime, aviation, U.S. government and services to other governments.
A changing global economy
The space economy has an agenda that is a force for good, Carter said, and that agenda involves “solving some of these really wicked problems that we’ve got.”
Investors should be examining the effects of resource scarcity, decarbonization and resource nationalism as they rotate their investments to take account of a changing global economy, Bank of America (NYSE: BAC) Merrill Lynch analysts said earlier this year.
Those trends will increase demand for sectors as diverse as precision agriculture and the mining of electronic waste, but “nothing is immune to digital disruption,” Joseph Quinlan, managing director and head of chief investment office (CIO) market strategy, previously told Connectivity Business News.
Connectivity Business Summit, taking place June 14-15 in New York City, will explore the critical strategic and financial issues impacting the global satellite and terrestrial connectivity infrastructure and services industry. Learn more about the event.