Enhance Machine Performance Through IoT-Enabled Monitoring and Automation

Thanks to capabilities like remote monitoring, IoT is opening up new opportunities for original equipment manufacturers (OEMs).

Until recently, an OEM’s aftersales relationship with its customers was limited by visibility. The OEM would sell equipment and then perform maintenance on that purchased equipment according to a fixed schedule. If a mechanical or software issue arose between those service appointments, the customer would be the first to discover it. That customer would then either have to wait patiently until the service date or urgently call the OEM out for emergency troubleshooting and repair. Both of those situations left the customer looking to the OEM to respond.

Why Are More Businesses Adopting IoT for Asset Management?

Find out why IoT is right for your business.

When we talk about the latest technological advances and innovations, IoT is one notable mention that just cannot be overlooked. Giving every device with the internet functionality the power to interact and work seamlessly with humans, IoT is one massive technology! The technology is being aggressively worked upon these days and it is speculated that the year 2020 will mark a global investment exceeding the US $70 billion in IoT.

You may also like: IoT for Business Enterprises: Everything You Need to Know

The internet of things, or IoT, is a simple technology to think of. However, it can accomplish an endless number of tasks when putting to use. Batch processing, industrial management, supply chain management, inventory, home, and home appliances management, managing massive production units and industrial plants and lots more — IoT empowers and drives many sectors!