Benefit and Enablers of Deploying IoT Solution
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The rise of the data-driven economy with IoT enables improved productivity, cost optimization, and new business models. We have highlighted the benefits and enablers of deploying an IoT solution.
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change to alternative models such as B2B2C (business-to-business-to-consumer), D2C (direct-to-consumer)
or B2E (business-to-employee) in order to better meet more specific end-consumer needs.
In this white paper, we’re delving into the trends impacting this shift away from traditional business models in
the e-commerce landscape. We’re also sharing a useful step-by-step guide on how to implement a successful
D2C strategy.
SAP Field Service Management -Planning & Dispatching
In many industries such as the medical devices industry, Food processing, Manufacturing, etc., any machine downtime means lost production volume which results in loss of thousands of dollars of revenue. According to Analyst firm Aberdeen Research, 82 percent of companies have experienced unplanned downtime over the past three years and that unplanned downtime can cost a company as much as $260,000 an hour!
Smart Railways Predicative Maintenance of Door Subsystem
Large assets in Railways require frequent health monitoring. These assets can be either train borne or along the tracks. Sensors and IoT technologies that are implemented together with integrated security, asset management, and predictive maintenance are improving timely decision-making for issues like safety, scheduling, and system capacity.
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
In today's ultra-competitive business environment, the most significant factor in companies' long-term growth and success remains is the ability to create, implement, and execute successful sales strategies. But top sales strategies require articulate planning and timely insights into your sales operations. According to research, a startling number of today's businesses are operating with poorly defined strategies to increase sales. And the reason is the lack of an Intelligent Technology-enabled sales platform.
SAP came up with Intelligent sales execution. Where they have three modules in SAP Sales Cloud – Pipeline manager, Forecast tracker, and Pipeline flow.
How to Achieve Operational Excellence in Enterprise Asset Management?
Organizations can achieve operational excellence can by effective execution of their business
strategy. Companies can increase competitive advantage by operational excellence in the
business processes, productivity, and value to the customer. Operational excellence in the asset intensive industries is defined as follows: Excellence through assets, Work Processes, and People
alignment to achieve an ideal state of performance
Trends and Benefits of Implementing E-Commerce for B2B Companies
Digital technologies are the new normal, and B2B companies also realized it. They are adapting and transforming their customer experience and selling strategies by adopting e-commerce as a primary sales channel. Customer expectations in B2B world are similar to B2C; after all, it is the same people who place orders for B2C companies on websites like Amazon. B2B companies are still behind in adopting e-commerce solutions unlike B2C companies. Acc to recent study while 30% of B2B buyers would prefer to buy at least 90% of products online, only 20% are currently doing so. This means far less B2B companies are selling their products online. Listed below are the top 3 concerns of B2B companies:
SMART PUMPS NEW BUSINESS MODELS WITH IoT (INTERNT OF THINGS)
Centrifugal slurry pumps are used in many applications such as in the mining, chemical and in the industrial plants. Making pumps smart by implementing IoT has enabled the companies to change the business model and go from reactive to predictive operating strategies.
Reinvent Your Business With Enterprise Asset Management
Gone are the days when enterprise asset management (EAM) was just a maintenance department responsibility. EAM is now becoming an integral part of organizations focused on the operations-centric business approach. This market is witnessing a tectonic shift in EAM's capability to serve as critical differentiators.
Read "Reinvent Your Business with Enterprise Asset Management" In this article, we have shared a model to manage asset life cycle and the benefits of implementing an EAM for an organization
Delivered a SAP EAM/Field Service solution for Construction and Mining Equipm...
Accrete Solutions implemented an SAP EAM/Field Service solution for a leading provider of construction and mining equipment to improve key performance indicators such as average response time, repeat cases per equipment, mean time to repair, and equipment profitability. The solution integrated processes for customer service, field service, plant maintenance, and workshop repair. This enabled quicker issue resolution, reduced costs, and overall service productivity improvements. Reporting in SAP BW allowed monitoring and improvements in KPIs like response time, repeat cases, repair time, and equipment availability.
SAP PI/PO FAQ’s
According to SAP, SAP PI dual-stack installations (ABAP and JAVA) will be supported by SAP only until the end of 2020. This scenario requires companies to upgrade/migrate to SAP PO release 7.5.
Application Server ABAP within SAP NetWeaver 7.10, 7.11, 7.20, 7.30 will be supported in mainstream maintenance till the end of 2020 with no extended maintenance.
Based on our experience to upgrade/migrate SAP PI/PO to SAP PO 7.5. We have created the SAP PI/PO FAQ’s guide to provide the information to make an informed decision on how to balance the cost, risk, and time for SAPPO 7.5 Upgrade/Migration. It covers everything you need to know on your path to SAP PO 7.5.
SAP C/4HANA FAQ's
In this document we have collated all the questions that will help companies while implementing SAP C/4HANA.
SAP ODATA Overview & Guidelines
OData (Open Data Protocol) is an ISO/IEC approved, OASIS standard that defines a set of best practices for building and consuming RESTful APIs. OData helps you focus on your business logic while building RESTful APIs without having to worry about the various approaches to define request and response headers, status codes, HTTP methods, URL conventions, media types, payload formats, query options, etc. OData also provides guidance for tracking changes, defining functions/actions for reusable procedures, and sending asynchronous/batch requests.
The Open Data Protocol (OData) enables the creation of REST-based data services, which allow resources, identified using Uniform Resource Identifiers (URIs) and defined in a data model, to be published and edited by Web clients using simple HTTP messages.
CRM in S/4HANA: Roadmap, Architecture and Business Process
SAP CRM on-premise was SAP’s widely adopted CRM offering. This solution is being used by thousands of companies throughout the world across a variety of industries in the areas of Sales, Service, Marketing and Interaction Center. However, the software industry has moved towards Cloud and SaaS offerings in the last few years. SAP has launched their own cloud offerings like SAP S/4HANA for ERP, SAP C/4HANA for Pre-Sales/Customer Service/Field Service/Commerce, SuccessFactors for HR etc. They have also developed SAP S/4HANA for Customer Management offering that will enable migration of SAP CRM customers to this solution for their back-office operations.
With the tremendous success of SAP S/4HANA in the customer digital transformation journey, SAP has embedded the SAP CRM solution into SAP S/4HANA that reduces landscape complexity significantly and consolidates back-office capabilities. SAP S/4HANA for Customer Management is an add-on to SAP S/4HANA. This solution enables you to manage your customer relationships for Sales, Interaction Center and Service business processes, eliminates data exchange issues of SAP CRM, and leverage the functionality of new cloud-based S/4HANA solution.
In this webinar, we shared S/4HANA Customer Management, S/4HANA Customer Management Architecture, its roadmap, an overview of migration from SAP CRM, as well as the obstacles on the road to S/4HANA.
Recorded webinar : http://bit.ly/2GzEgay
SAP S/4HANA FAQ’s
This document provides answers to frequently asked questions about migrating from an existing SAP ECC environment to SAP S/4HANA. Key challenges addressed include integrating various existing SAP and non-SAP systems, recommendations for application hosting, handling custom code and configurations, and impacts to specific functional areas like CRM and logistics. The responses provide guidance on testing interfaces, analyzing custom code for required changes, and taking a phased approach to the migration.
Migrate Custom data/object in SAP S/4 HANA
S/4 HANA migration cockpit comes with preconfigured content and mapping for each migration object. For all major functional areas like product, customer, bank, profit centre, cost centre, plant, GL, etc. migration objects are predefined and their sequence and dependency is also defined.
Sales Enablement for a High-tech Manufacturer
Deliver an effective and efficient Sales automation solution using SAP Hybris Cloud for Sales for the digital age sales teams
Reimagine Service Delivery using IoT and AI
For many industries such as Medical devices, Industrial equipment, Manufacturing, Transportation, Utilities and many more, field service organization is key to the success of the company.
The effect of technology on field service and manufacturing cannot be underestimated, especially as new technologies like IoT, Artificial intelligence (AI) and Machine learning (ML) have proven capabilities to streamline and transform traditional workflows & service delivery models. These technologies can also enable digital transformation initiatives in field service organizations. However, companies are facing technical challenges in developing & implementing an end to end solution and understanding how they can benefit from these technologies.
In this webinar we covered:
1) Field Service Challenges
2) Key challenges in building IoT/ML/AI enabled Field service operations
3) Customer Case studies
4) Our Solution Overview
5) How you can grow revenue and optimize operations
Derek Binkley, Director of Technical Services at ARCA talked about how they leveraged the IOT/ML/AI solution to solve their service challenges. ARCA is a provider of largest selection of cash handling devices of any manufacturer in the world. They provide cash automation technologies to customers in over 50 countries and support these devices from their headquarters in North Carolina.
How to Improve Customer Lifetime Value (CLV) using SAP Billing (BRIM/Hybris B...
The document discusses improving customer lifetime value (CLV) using SAP Billing (Hybris Billing). It provides an overview of Hybris Billing components that support subscription, mediation, charging, invoicing and financials. It also discusses challenges to CLV and how Hybris Billing can help overcome them through automation, improved cash flow and customer experience. Finally, it outlines Hybris Billing deployment options including standalone, integrated with SAP ECC/S4HANA and the SAP Revenue Cloud.
Service Ticket Creation in SAP Hybris (C4C) from Hybris Commerce Online Store
This document provides an overview of integrating SAP Hybris Commerce with SAP Hybris for Service. It describes how SAP Hybris for Service uses an OData API to allow service tickets to be automatically created from Hybris Commerce. Customer care agents can then process tickets in SAP Hybris for Service, with ticket details updated back in Hybris Commerce. The document serves as a guide to performing the necessary integration steps between the two systems.
Guide to Configure Custom SD Output Types in S/4HANA Using BRF+
BRF+ is part of SAP provided decision service management tool (DSM) and it is not new in SAP. But doing output management via BRF+ is new in S/4 HANA system. Before knowing how output determination and management is done in S/4 HANA system using BRF+, we must know what is BRF+ and how it works.
BRF+ is comprehensive application programming interface (API) and user interface for defining and processing business rule. It allows us to model rules in an intuitive way and to reuse these rules in different applications.
More from Ashish Saxena (20)
Changing Business Models: The Shift to B2B2C and D2C Sales
Changing Business Models: The Shift to B2B2C and D2C Sales
SAP Field Service Management -Planning & Dispatching
SAP Field Service Management -Planning & Dispatching
Smart Railways Predicative Maintenance of Door Subsystem
Smart Railways Predicative Maintenance of Door Subsystem
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
Intelligent Sales Execution with SAP Sales Cloud for Smarter and Faster Sales
How to Achieve Operational Excellence in Enterprise Asset Management?
How to Achieve Operational Excellence in Enterprise Asset Management?
Trends and Benefits of Implementing E-Commerce for B2B Companies
Trends and Benefits of Implementing E-Commerce for B2B Companies
SMART PUMPS NEW BUSINESS MODELS WITH IoT (INTERNT OF THINGS)
SMART PUMPS NEW BUSINESS MODELS WITH IoT (INTERNT OF THINGS)
Reinvent Your Business With Enterprise Asset Management
Reinvent Your Business With Enterprise Asset Management
Delivered a SAP EAM/Field Service solution for Construction and Mining Equipm...
Delivered a SAP EAM/Field Service solution for Construction and Mining Equipm...
CRM in S/4HANA: Roadmap, Architecture and Business Process
CRM in S/4HANA: Roadmap, Architecture and Business Process
How to Improve Customer Lifetime Value (CLV) using SAP Billing (BRIM/Hybris B...
How to Improve Customer Lifetime Value (CLV) using SAP Billing (BRIM/Hybris B...
Service Ticket Creation in SAP Hybris (C4C) from Hybris Commerce Online Store
Service Ticket Creation in SAP Hybris (C4C) from Hybris Commerce Online Store
Guide to Configure Custom SD Output Types in S/4HANA Using BRF+
Guide to Configure Custom SD Output Types in S/4HANA Using BRF+
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Consistent toolbox talks are critical for maintaining workplace safety, as they provide regular opportunities to address specific hazards and reinforce safe practices.
These brief, focused sessions ensure that safety is a continual conversation rather than a one-time event, which helps keep safety protocols fresh in employees' minds. Studies have shown that shorter, more frequent training sessions are more effective for retention and behavior change compared to longer, infrequent sessions.
Engaging workers regularly, toolbox talks promote a culture of safety, empower employees to voice concerns, and ultimately reduce the likelihood of accidents and injuries on site.
The traditional method of conducting safety talks with paper documents and lengthy meetings is not only time-consuming but also less effective. Manual tracking of attendance and compliance is prone to errors and inconsistencies, leading to gaps in safety communication and potential non-compliance with OSHA regulations. Switching to a digital solution like Safelyio offers significant advantages.
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INTRODUCTION TO AI CLASSICAL THEORY TARGETED EXAMPLES
Image: Include an image that represents the concept of precision, such as a AI helix or a futuristic healthcare
setting.
Objective: Provide a foundational understanding of precision medicine and its departure from traditional
approaches
Role of theory: Discuss how genomics, the study of an organism's complete set of AI ,
plays a crucial role in precision medicine.
Customizing treatment plans: Highlight how genetic information is used to customize
treatment plans based on an individual's genetic makeup.
Examples: Provide real-world examples of successful application of AI such as genetic
therapies or targeted treatments.
Importance of molecular diagnostics: Explain the role of molecular diagnostics in identifying
molecular and genetic markers associated with diseases.
Biomarker testing: Showcase how biomarker testing aids in creating personalized treatment plans.
Content:
• Ethical issues: Examine ethical concerns related to precision medicine, such as privacy, consent, and
potential misuse of genetic information.
• Regulations and guidelines: Present examples of ethical guidelines and regulations in place to safeguard
patient rights.
• Visuals: Include images or icons representing ethical considerations.
Content:
• Ethical issues: Examine ethical concerns related to precision medicine, such as privacy, consent, and
potential misuse of genetic information.
• Regulations and guidelines: Present examples of ethical guidelines and regulations in place to safeguard
patient rights.
• Visuals: Include images or icons representing ethical considerations.
Content:
• Ethical issues: Examine ethical concerns related to precision medicine, such as privacy, consent, and
potential misuse of genetic information.
• Regulations and guidelines: Present examples of ethical guidelines and regulations in place to safeguard
patient rights.
• Visuals: Include images or icons representing ethical considerations.
Real-world case study: Present a detailed case study showcasing the success of precision
medicine in a specific medical scenario.
Patient's journey: Discuss the patient's journey, treatment plan, and outcomes.
Impact: Emphasize the transformative effect of precision medicine on the individual's
health.
Objective: Ground the presentation in a real-world example, highlighting the practical
application and success of precision medicine.
Data challenges: Address the challenges associated with managing large sets of patient data in precision
medicine.
Technological solutions: Discuss technological innovations and solutions for handling and analyzing vast
datasets.
Visuals: Include graphics representing data management challenges and technological solutions.
Objective: Acknowledge the data-related challenges in precision medicine and highlight innovative solutions.
Data challenges: Address the challenges associated with managing large sets of patient data in precision
medicine.
Technological solutions: Discuss technological innovations and solutions
Oracle Database 19c New Features for DBAs and Developers.pptx
Oracle Database 19c New Features for DBAs and Developers. This video you can watch from my youtube channel at https://youtu.be/m-F-mZA3MkU
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如何办理(hull学位证书)英国赫尔大学毕业证硕士文凭原版一模一样
原版定制【微信:bwp0011】《(hull学位证书)英国赫尔大学毕业证硕士文凭》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Unlock the Secrets to Effortless Video Creation with Invideo: Your Ultimate G...
Unlock the Secrets to Effortless Video Creation with Invideo: Your Ultimate G...The Third Creative Media
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KuberTENes Birthday Bash Guadalajara - Introducción a Argo CD
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14 th Edition of International conference on computer vision
About the event
14th Edition of International conference on computer vision
Computer conferences organized by ScienceFather group. ScienceFather takes the privilege to invite speakers participants students delegates and exhibitors from across the globe to its International Conference on computer conferences to be held in the Various Beautiful cites of the world. computer conferences are a discussion of common Inventions-related issues and additionally trade information share proof thoughts and insight into advanced developments in the science inventions service system. New technology may create many materials and devices with a vast range of applications such as in Science medicine electronics biomaterials energy production and consumer products.
Nomination are Open!! Don't Miss it
Visit: computer.scifat.com
Award Nomination: https://x-i.me/ishnom
Conference Submission: https://x-i.me/anicon
For Enquiry: Computer@scifat.com
Why Apache Kafka Clusters Are Like Galaxies (And Other Cosmic Kafka Quandarie...
Closing talk for the Performance Engineering track at Community Over Code EU (Bratislava, Slovakia, June 5 2024) https://eu.communityovercode.org/sessions/2024/why-apache-kafka-clusters-are-like-galaxies-and-other-cosmic-kafka-quandaries-explored/ Instaclustr (now part of NetApp) manages 100s of Apache Kafka clusters of many different sizes, for a variety of use cases and customers. For the last 7 years I’ve been focused outwardly on exploring Kafka application development challenges, but recently I decided to look inward and see what I could discover about the performance, scalability and resource characteristics of the Kafka clusters themselves. Using a suite of Performance Engineering techniques, I will reveal some surprising discoveries about cosmic Kafka mysteries in our data centres, related to: cluster sizes and distribution (using Zipf’s Law), horizontal vs. vertical scalability, and predicting Kafka performance using metrics, modelling and regression techniques. These insights are relevant to Kafka developers and operators.
Preparing Non - Technical Founders for Engaging a Tech Agency
Preparing non-technical founders before engaging a tech agency is crucial for the success of their projects. It starts with clearly defining their vision and goals, conducting thorough market research, and gaining a basic understanding of relevant technologies. Setting realistic expectations and preparing a detailed project brief are essential steps. Founders should select a tech agency with a proven track record and establish clear communication channels. Additionally, addressing legal and contractual considerations and planning for post-launch support are vital to ensure a smooth and successful collaboration. This preparation empowers non-technical founders to effectively communicate their needs and work seamlessly with their chosen tech agency.Visit our site to get more details about this. Contact us today www.ishtechnologies.com.au
What’s New in Odoo 17 – A Complete Roadmap
Odoo releases a new update every year. The latest version, Odoo 17, came out in October 2023. It brought many improvements to the user interface and user experience, along with new features in modules like accounting, marketing, manufacturing, websites, and more.
The Odoo 17 update has been a hot topic among startups, mid-sized businesses, large enterprises, and Odoo developers aiming to grow their businesses. Since it is now already the first quarter of 2024, you must have a clear idea of what Odoo 17 entails and what it can offer your business if you are still not aware of it.
This blog covers the features and functionalities. Explore the entire blog and get in touch with expert Odoo ERP consultants to leverage Odoo 17 and its features for your business too.
An Overview of Odoo ERP
Odoo ERP was first released as OpenERP software in February 2005. It is a suite of business applications used for ERP, CRM, eCommerce, websites, and project management. Ten years ago, the Odoo Enterprise edition was launched to help fund the Odoo Community version.
When you compare Odoo Community and Enterprise, the Enterprise edition offers exclusive features like mobile app access, Odoo Studio customisation, Odoo hosting, and unlimited functional support.
Today, Odoo is a well-known name used by companies of all sizes across various industries, including manufacturing, retail, accounting, marketing, healthcare, IT consulting, and R&D.
The latest version, Odoo 17, has been available since October 2023. Key highlights of this update include:
Enhanced user experience with improvements to the command bar, faster backend page loading, and multiple dashboard views.
Instant report generation, credit limit alerts for sales and invoices, separate OCR settings for invoice creation, and an auto-complete feature for forms in the accounting module.
Improved image handling and global attribute changes for mailing lists in email marketing.
A default auto-signature option and a refuse-to-sign option in HR modules.
Options to divide and merge manufacturing orders, track the status of manufacturing orders, and more in the MRP module.
Dark mode in Odoo 17.
Now that the Odoo 17 announcement is official, let’s look at what’s new in Odoo 17!
What is Odoo ERP 17?
Odoo 17 is the latest version of one of the world’s leading open-source enterprise ERPs. This version has come up with significant improvements explained here in this blog. Also, this new version aims to introduce features that enhance time-saving, efficiency, and productivity for users across various organisations.
Odoo 17, released at the Odoo Experience 2023, brought notable improvements to the user interface and added new functionalities with enhancements in performance, accessibility, data analysis, and management, further expanding its reach in the market.
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Measures in SQL (SIGMOD 2024, Santiago, Chile)
SQL has attained widespread adoption, but Business Intelligence tools still use their own higher level languages based upon a multidimensional paradigm. Composable calculations are what is missing from SQL, and we propose a new kind of column, called a measure, that attaches a calculation to a table. Like regular tables, tables with measures are composable and closed when used in queries.
SQL-with-measures has the power, conciseness and reusability of multidimensional languages but retains SQL semantics. Measure invocations can be expanded in place to simple, clear SQL.
To define the evaluation semantics for measures, we introduce context-sensitive expressions (a way to evaluate multidimensional expressions that is consistent with existing SQL semantics), a concept called evaluation context, and several operations for setting and modifying the evaluation context.
A talk at SIGMOD, June 9–15, 2024, Santiago, Chile
Authors: Julian Hyde (Google) and John Fremlin (Google)
https://doi.org/10.1145/3626246.3653374
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14 th Edition of International conference on computer vision
Why Apache Kafka Clusters Are Like Galaxies (And Other Cosmic Kafka Quandarie...
Why Apache Kafka Clusters Are Like Galaxies (And Other Cosmic Kafka Quandarie...
Preparing Non - Technical Founders for Engaging a Tech Agency
Preparing Non - Technical Founders for Engaging a Tech Agency
Project Management: The Role of Project Dashboards.pdf
Project Management: The Role of Project Dashboards.pdf
Migration From CH 1.0 to CH 2.0 and Mule 4.6 & Java 17 Upgrade.pptx
Migration From CH 1.0 to CH 2.0 and Mule 4.6 & Java 17 Upgrade.pptx
Mobile App Development Company In Noida | Drona Infotech
Mobile App Development Company In Noida | Drona Infotech
The Key to Digital Success_ A Comprehensive Guide to Continuous Testing Integ...
The Key to Digital Success_ A Comprehensive Guide to Continuous Testing Integ...
Benefit and Enablers of Deploying IoT Solution
- 2. The rise of the data-driven economy with IoT enables improved productivity, cost optimization, and new business models. We have highlighted the benefits and enablers of deploying an IoT solution. Improved Productivity IoT enables quantifying, tracking, measuring, and monitoring of assets. This further maximizes productivity and efficiency which is a high priority for businesses to ensure profitability. IoT deployment enables smart management of assets as the information about the asset health is accurate, comprehensive, intelligent, and real-time. Cost Optimization IoT solutions can help firms cut costs and maintain a competitive advantage with predictive maintenance strategies. IoT enables the asset monitoring and minimizes downtime by predicting failures or misalignments. Predictive maintenance reduces costly unplanned downtime and replacing parts only when they need to be replaced. Real-time alerts expedite response time and enables faster and smart service strategies. Business Models (IoT) presents a new opportunity for value creation. Enables new business models that power revenue growth. Presents an opportunity for asset providers to shift to “as-a- service” basis business model. Cloud-based IoT connectivity management platforms can support flexible and cost-effective basis, even enabling dynamic pricing strategies or pay per use models.
- 3. The table below further illustrates the different ROI components and IoT enablers.