Strategic Advantages of Internet of things(IoT) Connected-Businesses.

Modern day Businesses prefer to manage the maintenance sphere of their operations from a centralized cloud based database using a CMMS. Internet Of Things(IoT) is an advanced technological feature whereby the devices in the facility can be totally connected via internet and interact smartly with each other. IoT integration offers a host of benefits infusing a radical change in style of management.

1. Minimize operational costs

IoT equipped devices can help businesses to monitor equipments continuously and check for failures or deviations in alignments on the production line. It can improve electrical efficiency of the facility by cutting off the power supply to the unit whenever the usage is unnecessary.

2. Insights into dynamics

It is an advantage to continuously be aware of what’s going around in and around your industry. This may be data pertaining to road traffic in your area or the crowd density inside the facility at any given moment of time etc.  

Every facility with a physical space for displaying the business ware & huge halls thronged by customers should be aware of the customer traffic to get a handle on their business. This applies to shopping malls, retail chain of stores, restaurants, library, sporting venue, bank etc which deal with huge flow of people in and out of the facility.

There are sophisticated CMMS which in conjunction with sensors for capturing visitor traffic & people count can let you aware of trends on visitor traffic such as peak hours, individual sections of the facilities that attract people etc. With this valuable data on People Counting data you can deploy your staff efficiently to improve conversion rates & profits.  The count of humans who have entered into a restricted premises can be calculated with more than 95% accuracy. You can exploit the data on these dynamics to arrive at well informed decisions.

3. Robust Building Management System

Able to view energy reports from multiple substations. It can support for unlimited concurrent users.Reduces the cost of third party licenses. A well monitored automated HVAC system can go a long way in optimizing a building’s energy-efficiency, without compromising on the thermal comfort of the users. HVAC is an essential component of Building Management Systems (BMS) . Data loggers provide reliable evidence of system operations. They aid in identification of HVAC equipment operation & faults, if any.

4. Vehicle management system

IOT integration in a CMMS can automatically recognize number plates & extract the registration number of the vehicles. This is achieved by attaching an RFID tag  containing a unique authentication code to the vehicle thus providing for secured transportation.

5. Welding Quality Management

By means of sensors the power consumed by welding machines can be monitored. Based on power consumption welding quality of the machine can be determined.

6. Proper Metering Infrastructure

Smart metering solution can address the challenges faced by businesses without a proper metering infrastructure. Invoices can be generated by tabulating the energy consumption by different devices leading to power savings for the facility and country as well.

7. Use More Assets

IoT presents an opportunity to track assets using sensors. Once the assets are connected to the Internet of Things, you’ll in fact begin learning the efficient usage of assets than ever before due to improved seamless connectivity. The real-time insights help you in locating assets easily & scheduling planned preventive maintenance tasks.

8. Remote Monitoring

Remote monitoring can prove to be a daunting task. IoT instills a feel of continuity and excellent coordination between the main office and what goes on out in the field. The cloud gives employees with mobile devices access to the information they need to carry out their job. The fitted sensors lets managers track the whereabouts of employee, their activities etc. You are also in a convenient position to anticipate additional manpower requirement.

9. Improved Productivity

Productivity is a major advantage offered by Internet of Things.  IoT is capable of providing the training for employees that they need immediately to complete tasks, at hand.

10. Figure out Issues

There may be various underlying issues within your business which may escape your notice unless unless you are well-connected into real-time data. You can exploit data that comes in from mobile devices, sensors and other derivative reports. Collating all of this can be used to figure out potential problems enabling you to provide intuitive & outstanding customer service. This also aids in reviewing & changing  current business models for betterment.

11. Low-Cost Technologies

It is a misconception to think that IoT technology is expensive. The technologies are becoming more and more affordable these days. You can choose one that complements your in-house capabilities. Sensor costs are falling, data storage is more affordable, and computing power is increasing. Many businesses have already framed plans to take advantage of the IoT. It’s time for your business to embrace it and achieve more success.

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