More Related Content Similar to Connected Equipment: Enabling safer, smarter, and more reliable equipment (20) Connected Equipment: Enabling safer, smarter, and more reliable equipment1. CYIENT © 2018 CONFIDENTIAL6/27/2019
CONNECTED
EQUIPMENT
Enabling safer, smarter, and
more reliable equipment
2. 6/27/2019 CYIENT © 2019 CONFIDENTIAL
Outlook on Connectivity
2
Nearly 14.2 billion
connected things will be
in use in 2019.
Connected things will
reach 25 billion by 2021.
3. 6/27/2019 CYIENT © 2019 CONFIDENTIAL
Common Equipment and Operational Challenges
3
Unplanned
Downtime
Operational &
Safety Risks
Corrective
Maintenance
Costs
Gaining or
Maintaining
Market Share
OEMs, Equipment
Owners &
Operators
4. 6/27/2019 CYIENT © 2019 CONFIDENTIAL4
Addressing Challenges with Connected Equipment
OEMs Equipment Owners & Operators
What is Connected Equipment?
Connected Equipment pairs domain knowledge, data science
expertise and integration capabilities with IoT and analytics
technology to guide organizations through the connected
equipment strategy roadmap.
5. 6/27/2019 CYIENT © 2019 CONFIDENTIAL5
Benefits of Connected Equipment
OEMs Equipment Owners & Operators
OEMs
Deliver new insights on product
performance
Identify problems before they
occur using predictive analytics
Improve design
Provide better maintenance
support to clients
Deliver enhanced products with
superior market performance
Equipment Owners &
Operators
Enhance asset management
programs
Reduce unplanned downtime
due to equipment failure
Increase operational safety and
efficiency
Decrease operating expenses
6. 6/27/2019 CYIENT © 2019 CONFIDENTIAL6
Take the First Step: The Connected Equipment Roadmap
MaintainCreateSecureIntegrateBuildAdaptAssess
Identify
equipment
connectivity
and business
goals, then
assess your
organization’s
IoT readiness.
Familiarize your
organization
with business
changes that
come with IoT
implementation.
Ensure your
team has the
required
technology
competence
and structure to
accomplish an
IoT system
build.
Incorporate
connectivity into
your equipment,
products, and
operations.
Ensure
compliance with
industry
standards, and
establish or
strengthen your
cyber security
procedures.
Build
applications on
your
connectivity
platform that
meet your
internal and
external goals.
Guarantee your
robust
connectivity
platform is
maintained over
the long-term.
Reach your operational efficiency goals, enhance customer experience, and
develop new revenue streams.
7. 6/27/2019 CYIENT © 2019 CONFIDENTIAL
The Connected Equipment Journey
Understand the
current state,
and develop a
plan for future
state, both
technologically
and financially.
Carry out
detailed
engineering of
hardware,
software,
network,
security, and
integration into
client systems.
Design,
implement and
manage data
storage, cloud
or elsewhere.
Develop
business
intelligence
from stored
data, either
algorithmically
or strictly
through
monitoring.
Build outlets to
deliver
business
intelligence.
Manage the life
cycle of all
previous
phases
through
monitoring,
updates, and
upgrades.
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What You Can Expect From a Connected Equipment
Strategy
8
Gain useful insights
from installed
equipment at
customer sites.
Reduce
maintenance costs
by predicting when
and why an asset
will fail.
Improve product
designs and
functionality by
monitoring product
performance and
failure analysis.
Extend asset life
with condition-based
monitoring.
Reduce warranty
claims and optimize
spare part inventory
costs.
Create a competitive
sales differentiator
and new revenue
streams.
9. CYIENT © 2019 CONFIDENTIAL6/27/20199
Learn how equipment
connectivity can enable
safer, smarter, and
more reliable equipment
and help you achieve
sustained value, ROI,
and competitive
advantage.
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