Enterprise digital transformation initiatives that exploit the potential of the Internet of Things (IoT) are expanding the boundaries of newly-created managed networks of connected assets spread over large geographical areas.
Fundamentally, the industrial IoT helps asset owners to move away from traditional routine maintenance schedules and visual inspections and invest in new methods such as remote asset tracking and monitoring. Product organizations initiate highly optimized data-driven operations to drive greater efficiencies and cut costs of asset management and maintenance.
But forward-looking organizations do not stop there. They evaluate and deploy cyber-physical models that provide unprecedented visibility, insight and decision-making capabilities to optimize existing operations, and for new value creation through innovative customer-centric engagements and new revenue streams. Read More