In-Depth Industry & Ecosystem Analysis
May 7, 2019
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Our Approach is structured around the emergence of an IoT ecosystem which has given rise to an asset value chain comprising of connections of things, data, process,es and people.
IoT application area covers a wide range of connected “things” projects both inside and outside the factory. For example inside, many IoT-based factory automation and control projects include holistic smart factory solutions with numerous elements such as production floor monitoring, wearables and Augmented Reality on the shop floor, remote PLC control, or automated quality control systems.
Enable IoT-ized products to do more than their primary functions, by providing access to real-time, accurate, ambient data and data about the product’s performance/ health.
An IoT ecosystem consists of web-enabled smart devices that use embedded systems, such as processors, sensors, and communication hardware, to collect, send and act on data they acquire from their environments.
The internet of things helps people live and work smarter, as well as gain complete control over their lives. In addition to offering smart devices to automate homes, IoT is essential to business. IoT provides businesses with a real-time look into how their systems really work, delivering insights into everything from the performance of machines to supply chain and logistics operations.
The internet of things offers several benefits to organizations. Some benefits are industry-specific, and some are applicable across multiple industries.