Another emerging value-added service enabled by IoT is usage-based insurance (UBI), which tracks a driver's behavior to establish a personalized insurance rate plan for each driver.
For these reasons, there has been considerable interest in research and innovation into emerging opportunities to value add either low grade logs or under-utilised biomass residues such as for bioenergy, as well as higher value applications for sawn timber and engineered wood products.
Last year, GSMA conducted a survey across countries with a total of 85 respondents working in mobile value added services (VAS) in emerging markets.
Point to value added reasons to telecommute.
"We'll use the funds to drive value add to merchants using Safaricom's Lipa Na M-Pesa [bill pay and digital payments] service and to further fuel growth in Africa and other emerging markets," he added.
During the same period, emerging economies have increased their shares of valued added in manufacturing by 18%%.
"That's a pretty good value add".
