In Part I of our series on Fleet Management and IoT, we examined trends and challenges the industry must address, including logistical issues related to online shopping, driver shortages, driver safety and productivity, and fuel price volatility. In Part II, we will look at how IoT is helping to address these challenges.
The transportation industry is undergoing unprecedented transformation. Fleet management professionals are faced with new challenges, regulations, and decisions on a rapidly increasing basis.
In the age of the Internet of Things (IoT), connected tools for specialized inspections are no longer a dream of the future, but a reality of today. Whether you are using a videoscope to inspect the inside of a failed gearbox in a wind turbine, a borescope to look at dirt build up inside a recently detached plane engine, or an ultrasonic device to view pipe welds, the right tool and knowledge determine how quickly you can resolve the issue.
The future of IoT for Field Service Organizations (FSO) is now. FSOs have been early adopters of IoT technologies to quickly troubleshoot onsite issues across a range of industries. While most FSOs have been using some form of IoT for years, the technology changes so rapidly – which further evolves internal and customer needs – that it is critical to stay ahead of new advancements and fine-tune your approach to IoT to remain competitive in the market.
As we recently discussed, field service organizations (FSO) have been early adopters in Internet of Things (IoT) technology. So it is no surprise that FSOs are also staying ahead of the curve in adapting their IoT deployments to keep pace with the ever-changing nature of the technology.
Fleet management professionals are facing logistical, financial, and market challenges that were not present just a few years ago. Some of these challenges are actually the result of new business opportunities and efforts to make the industry more efficient, while others are related to fluctuations in the marketplace.
It’s been the year-of-IOT for a few years now. Have we not arrived yet?
I’m getting ready to attend another IoT conference and as I’m reading through the speaker bios and descriptions of the sessions, I notice how the dialogue in most field service circles has jumped into topics like IT/OT convergence, deep analytics, AI, AR, and DevOps success stories. As a “seasoned” field service guy, this seems like a lot of “IT speak” and it is costing companies a lot of money. The fact remains that, in 2017, 94 percent of companies actively spending on IoT deployments are not generating profits from that spend.
Traditional hardware manufacturers and original equipment manufacturers (OEMs) are all struggling with profitable revenue growth. The historic business model that was based on “Make, Sell, Ship + Attached Service” has either collapsed or is showing signs of duress. So, who can OEM’s count on to play a key role in the transformation that needs to take place? Field services.
The influence of Internet of Things-enabled devices is maturing across a broad spectrum of industries. This report explores how the power of loT data can be shared with customers to help turn your technology advancements into brand differentiators.
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