Mobile operators are struggling with how to build a business model around the projected explosion of Internet of Things (IoT) traffic on their networks. In their perennial quest to avoid merely being bit-pipes, they are looking to monetize the IoT in various ways, from managing devices and security in the cloud, to layering their own added-value consumer services in the smart home or smart car. Progress remains uncertain, given that cloud services providers, IT suppliers and specialist IoT companies are also fighting for these markets. But according to an estimate by specialist IoT analysts Berg Insight of Sweden, MNOs have already achieved €11bn in IoT revenues in 2016. It predicts that several leading operators will break the billion-euro mark in…