1) NFV allows IoT services and applications to be deployed quickly on virtualized network functions through a platform-as-a-service model, providing benefits like scalability, fast time-to-market, and an application ecosystem.
2) An example use case shows how a smart metering application can be deployed on a virtualized mobile network using NFV, with lifecycle management functions like instantiation, monitoring, scaling and termination.
3) The future of NFV and IoT is predicted to include 5G infrastructure for IoT, advanced big data collection and analytics enabling new business models and developer profiles.