Cisco has signed a five-year agreement with Australian telco Telstra to help businesses add visibility and insights to monetise IoT.

The two companies are continuing their collaboration to bridge regions together with IoT networks to support various industries including financial, retail and government.

This will use Telstra’s control centre powered by Cisco so users can gain the visibility they need to turn IoT data into smart business decisions.

Using Cisco’s IoT control centre SaaS offering for more than ten years has allowed Telstra to advance its business goals and grow new revenue streams. The company serves thousands of users including Australia’s major financial institutions, retailers and government, offering visibility and flexibility to manage their businesses and turn IoT data into decisions.

Cisco’s control centre is a mobile IoT SaaS platform serving the connected car industry. It is used in more than 50 service provider networks and 30,000 enterprises supporting more than 185 million connected devices. Cisco continues to work with its service provider customers such as Telstra to explore 5G use cases that will drive value, including private 5G, as the platform supports both 5G standalone and non-standalone networks.

“We’re proud to be an IoT global leader as we continue to scale up our IoT software and platform offerings across several industry verticals, while leveraging Australia’s largest IoT network with over four million IoT devices now connected,” said Mark Chapman from Telstra. “Working with Cisco, our management platform helps customers automate and manage large-scale IoT deployments easily and cost-effectively. This means customers can be faster to market, lower costs, increase reliability and take actions through the platform’s insights.”

Masum Mir, vice president at Cisco, added: “Cisco and Telstra have a long history driving innovation in networking, 5G, collaboration and more. Together we continue to empower autonomous industries and connected communities in Australia with smart infrastructure designed to support the future of connectivity with 5G.”