Multiple industries such as Manufacturing, Healthcare, Energy & Utilities, Consumer, and Hi-Tech, nowadays are increasingly leveraging Internet of Things (IoT), connected devices and sensors to monitor the usage, health and efficiency of the assets remotely.
IoT is considered the driving force behind concepts like Industry 4.0, Smart Factories, Smart Devices and Connected Vehicles; enabling data collection, remote data transmission, automation, analytics and optimization of the processes. Every Industry has a set of assets amongst manufacturing equipment, machinery, motors, compressors, pumps etc. as part of their shop floor, production process or field operations. The data collected through IoT systems on the equipment status, operations and environment can not only be used to provide reactive inputs post data processing but also to deliver proactive insights for improving productivity, efficiency, and implementing predictive maintenance, thus ensuring reduced asset downtime.