Asset Monitoring - Find the Right Solution With Ease
Focusing on IoT
If you are not one of the big vendors like Cisco or Microsoft but are interested in taking advantage - where should you focus?
If history serves as a precedent, it's probably not the hardware or infrastructure. While the rollout of IoT's infrastructure may be interesting, the really interesting stuff will happen on top of this infrastructure.
To my knowledge, ABT Power Management’s leadership team did not read the book, Leading Digital, when they applied a decision management system using IoT data from battery sensors to their business processes. But their actions were scarily aligned with the much of the book’s checklist at the end of the chapter on, “How to Start your Digital Vision.” The chapter recommends:
** Identify bottlenecks or headaches – in your company and in your customers – that resulted from the limits of old technologies, and consider how you might resolve these problems digitally
** Consider which of your strategic Asset Monitoring will remain valuable in the digital era
** Craft a compelling and transformative digital vision
Digital Strategy Consulting advice companies on what sort of digital marketing strategy they should adopt and then how should they implement that strategy. Moreover, you can simply get advice or guidance rather than getting a full-fledged Internet marketing strategy planned out.
The layer where software services, apps, analytics and APIs bring it all together. This is where digital business models, described by Westerman, Bonnet & McAfee in Leading Digital, will emerge and existing ones will get disrupted. This is where the money is!
You need to begin by asking yourself, "How do these interconnected devices and the data they generate make it possible to change the entire experience and workflow of a job we do in the real world?"
Unless you change to behavior or automate something, your returns will be limited.
Let's consider a few real world examples to get the gears turning.
Calibrated Insurance
With the help of telematics, insurance companies like Progressive and Allstate will be able to collect data that allows them to create better predictive models and provide discounted premiums to good drivers. Sounds a bit creepy but they promise that premiums for lousy drivers won’t go up. You either get a discount or you don't.
The reason this works is because it changes driver behavior and impacts how much money is spent on premiums. Good drivers will be drawn to the innovative insurance providers who can provide those discounts.
Title 2: Digital Business & Strategy
In 2013, we started turning our attention and skills toward helping our mid-market customers become digital businesses. Going beyond traditional business intelligence and analytics, we have been designing, developing and executing digital business strategies, taking our customers to the next level - often way ahead of their competitors.
The Digital Business Wave
Invariably, we have all experienced digital business, whether requesting an Uber cab or streaming a movie on Netflix. But that is in the B2C world. What about B2B? As Forrester Analyst, John McCarthy said in his recent webinar, Understanding Your Digital Transformation Agenda, if B2C is the earthquake, B2B is the tsunami that follows.
Microsoft Internet Of Things involves the convergence of cutting-edge data science, information technology (IT) and operational technology (OT), along with substantial hardware innovation. The resulting integration of OT’s machine interfaces for physical environments with IT’s communication and integration capabilities can impact the physical environment, creating a corresponding convergence of security and safety challenges.
The origins of Predictive Maintenance (PdM) begin with condition-based maintenance, which many attribute to CH Waddington, who along with two Nobel laureates, four Fellows of the Royal Society and a Fellow of the National Academy of Sciences Australia had no particular expertise in any kind of maintenance and how to improve equipment availability. In addition to not being mechanical engineers.
And thankfully they stuck their noses into the “intolerably bread-and-butter affair” of organizing maintenance of Royal Air Force Coastal Command 502 Squadron and after a five-month trial applying their recommendations.
Navigate to this website for getting more information related to Asset Monitoring as well as, Digital Transformation.
