Tele-Economics in MTC: what numbers would not show

Abstract

This paper elaborates on the relevance of Tele-Economic research to understand the effect that Machine-Type Commu- nications (MTC) has on different markets and also the market forces affecting the adoption of services based on MTC. The paper is presented in a tutorial form, offering concept and definitions of economic terms that are gaining relevance in the technical community in the MTC context. The concept of services is further analysed in as a change in the tele- communication industry mind-set in order to tap into the economic value of MTC in the realization of the Internet-of- Things. Finally, insights are presented looking forward into the relevance of Tele-Economic research for 5G.

Keywords

• Tele-Economic research
• service enablement
• Machine Type Communication
• Internet-of-Things.