7 ways companies are using the Internet of Things technology
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The document discusses 7 ways that companies are using Internet of Things (IoT) technology to gain insights and streamline operations. 1) Weka Health Care uses smart refrigerators equipped with sensors to remotely monitor vaccine storage temperatures. 2) Thyssenkrupp Elevator technicians use IoT sensors and augmented reality headsets to perform predictive maintenance on elevators. 3) Sandvik Coromant digitized expert knowledge and combined it with machine learning to provide personalized technical support to customers.
7 ways companies are using the Internet of Things technology
- 1. 7 dynamic ways companies are using Internet of Things technology
- 2. The world is undergoing unprecedented change. The growing affordability and effectiveness of sensor technologies—and the savings and insights generated by connected systems—are crumbling barriers around market share, industries, distance, and data. The companies in the vanguard of this transformation are realizing incredible financial growth and unprecedented ROI by extending the visibility and accessibility of the Internet to their assets, products, services, and internal processes. 2
- 3. The technologies driving this shift are a wave of smart, connected objects that use sensors to collect data for business intelligence (BI), called the Internet of Things (IoT). 3
- 4. 4 “Organizations that mature in their journey with digital transformation generate an average of $100 million more in additional operating income each year than those who lag behind.” —Keystone Strategy interviews, March 2016
- 5. Building self-driving cars and smart wearable devices may seem out of reach if you’re still shaping your IT infrastructure. But the IoT is based on technology you likely already use. If you connect existing devices to the cloud and perform real-time analysis and BI, you’re running an IoT solution. 5
- 6. For inspiration, here are seven creative ways organizations are capturing new data and insights to streamline operations, enter new markets, and improve customer and employee experiences. 6
- 7. 7 Weka Health Care’s Smart Fridges help save lives by monitoring and regulating how vaccines are stored and distributed. The Smart Fridges are small enough to travel by van and can run on solar power if the electricity goes out. Fridges without borders1
- 8. 8 BI powers proactive alerts on inventory shortages or changes in temperature Weka estimates that a medical practice that dispenses about 400 vaccines per month could cut human-resource costs by more than $1,000 a month with the Smart Fridge monitoring system. Remote monitoring of fridge sensors helps ensures vaccines are stored at the right temperature Fridges without borders1
- 9. 9 Technicians at thyssenkrupp Elevator are using IoT-connected sensors and hands-free Microsoft HoloLens headsets to perform predictive maintenance. Using HoloLens, they can speak with a control room for guidance on replacing the right components. Visionary maintenance2
- 10. 10 Advanced analytics predict maintenance requirements Initial field trials by thyssenkrupp show that service maintenance interventions can be done up to four times faster than before by using HoloLens. Remote monitoring tracks elevator performance and problems Visionary maintenance2 HoloLens enables technicians to speak with a control room, which guides them to replace the right components
- 11. 11 Technical experts can’t be everywhere at once. So tooling and manufacturing company Sandvik Coromant digitized its experts’ knowledge and combined it with machine learning, to provide personalized service faster to more customers. Digitizing adds extra hands3
- 12. 12 The solution’s predictive maintenance capabilities cut idle time for customers by 50 percent and save the company millions of dollars with manufacturing efficiency while improving tech support. Digitizing adds extra hands3 Machine learning optimizes equipment performance and schedules predictive maintenance Remote monitoring shares real-time machine data to improve uptime and customer service CRM integration enables informed support, process, and business-decision recommendations
- 13. 13 Fathym’s IoT-enabled WeatherCloud solution provides more accurate forecasting and hyperlocal road condition data to help cities keep drivers safer while also protecting city budgets by supporting more informed decisions. One for the roads4
- 14. 14 Communities are reducing delays and accidents caused by inclement weather and saving tens of thousands of dollars with more accurate weather forecasting and real-time fleet rerouting capabilities. One for the roads4 Advanced analytics provide forecasts that help cities make better decisions about asset deployment Remote monitoring collects real-time, hyperlocal weather and road conditions
- 15. 15 Mondelez International’s diji-touch vending machine has an interactive 3D touch-screen display that lets customers view products and nutrition information, and receive alerts about promotions and games. Dispensing personalized retail experiences5
- 16. 16 The solution uses customer interactions to tailor each machine’s product mix, based on demographics and purchasing preferences. A dashboard tracks inventory levels and displays machine error notifications to technicians through a Windows 10 universal app. Dispensing personalized retail experiences5 Advanced analytics track inventory levels and generate error notifications Machine learning helps create interactive, personalized customer interactions
- 17. 17 The Satalyst Tracker app uses sensor data from cyclists and their bikes to provide coaches, athletes, and spectators with data ranging from heart rate and energy output to bike speed. Closing the distance between audience and activity6
- 18. 18 A mobile app enables fans to follow the race from anywhere and see rider performance data Anyone around the world can track the cyclists on a web map, and fans on-site can see when they need to get to the next vantage point to take photos. Cyclists, coaches, and commentators get insights about rider performance and key moments in the race. Remote monitoring captures each rider’s speed, location, heart rate, and energy output in watts Closing the distance between audience and activity6
- 19. 19 Seer Insights started as a study in using drones in agriculture. Its first solution, GrapeBrain, employs satellite images and machine learning to calculate grape yields more accurately via a web component and a mobile app. Grape expectations7
- 20. 20 GrapeBrain will help vineyards increase the accuracy of their yield estimates, which can be off by as much as 30 percent when based on visual inspections and pencil-and-paper calculations. Grape expectations7 A mobile app helps growers speed their data capture and analysis Remote monitoring improves yield and harvest-time forecast accuracy Satellite imagery pinpoints the amount and density of fruit to help manage crops and soil
- 21. For more inspiration on getting started with IoT solutions, visit: www.internetofyourthings.com 21