Machine to Machine (M2M) Data Consumption: How expensive is it and why should it be monitored?

What is M2M and why should companies monitor its expense?

Machine-to-machine (M2M) communication refers to the exchange of data between two or more devices without the need for human intervention. This type of communication is becoming increasingly common in many industries as more devices become connected to the internet. One way that devices can communicate in an M2M environment is using cellular or Wi-Fi networks.

Cellular communication is typically used when one or both devices are mobile, such as in the case of a GPS tracker or a fleet management system. Cellular networks can provide reliable and secure data transfer over long distances, which makes them ideal for M2M communication. Wi-Fi communication, on the other hand, can also be used for M2M communication in cases where the devices are near each other.

Today’s cellular networks are designed to handle large volumes of data, which means that devices can communicate with each other quickly and efficiently. Plus, they provide secure and reliable data transfer through encryption protocols.

Of course, there are expenses associated with M2M communication as they a cellular connection and data usage. These costs can and should be closely monitored to ensure you’re paying a reasonable rate, as well as to guarantee up-time and reliability.

To us at Mindglobal, M2M expense management strategy and oversight comes naturally, as we have been in the telecom expense management (TEM) industry for more than 22 years. We work with cellular carriers across the globe to optimize utilization, negotiate rates, and process invoices.

In conclusion, as more devices become connected to the internet, it is likely that we will see an increasing number of applications that rely on M2M communication to connect these devices and facilitate data exchange, and therefore an increasing number of companies in need of M2M expense management services.