The Internet of Things (IoT) is enabling a slew of new business models. However, due to new requirements the traditional monolithic commerce platforms are not the best choice for the IoT-enabled use-cases. Learn why API-first platforms are the way to go for the digital new world.
In digitally connected world APIs are paramount to success of an enterprise. Like with any frameworks, each have its own strengths and weaknesses, but it is important to understand that a lot depends on an API implementation of a specific commerce platform. Finding the right commerce partner to help guide an enterprise through a digital transformation journey is often more important than making a specific technology choice.
5G adoption is slowly, but steadily rising; and will enable new innovative services and business models both for mass market and enterprises. To successfully sell new 5G-enabled offerings, service providers will need to find the right commerce platform to support several key requirements common across many 5G-enabled services and business models.
In a typically fragmented telecom technology environment, the ability to assemble information from siloed systems is crucial. With an API-based commerce solution, telecom companies can create not just bundles, but a dynamic and loyalty-building customer experience.
5G adoption will accelerate Digital Transformation for enterprises across the world. It will enable hyper-personalization of consumer services, evolution of B2B services and broad adoption of M2M/IoT. To capitalize on the opportunity enterprises will need robust commerce solution supporting real-time transactions, digital touchpoints and new business models.
Blockchain eliminates third-party interference while facilitating most commerce systems today. It’s also cheaper and much faster, making it an ideal model for retailers. Check out this infographic to learn more.