Are you considering IoT to streamline operations? Then you should read the trend study Digital Industrial Transformation with the Internet of Things, conducted by independent analyst firm CXP Group. It gives a snapshot of IoT’s advancement within European industrial companies and provides several use cases.
Implementing IoT based digital solutions at any part of the enterprise, from the shop floor to the back office, brings an opportunity to trim costs and increase revenues. That’s why the technology is high on any CxO’s agenda. A number of companies are already applying it:
This Swedish manufacturer of welding and cutting equipment deployed IoT solutions to transform its global operations. Its machines and equipment were not connected, and their data was collected manually and no central overview of the equipment’s performance existed. As part of the transformation process, the company implemented various connectivity technologies and integrated data collected into its cloud platform. This initiative resulted in improved operations and productivity, and time to market was reduced by 40%. On top of cutting the time to market, the initiative will also bring a significant competitive advantage to ESAB.
The French beverage producer invested in IoT technologies to enable the digital customer experience and boost engagement with customers. It equipped the bottles of its beverages with NFC sensors and developed mobile applications that are activated by the embedded sensors. The application provides an opportunity for customers to win prizes such as vacations or gadgets. The company also launched connected cups that are equipped with sensors that enable the user to order a new drink just by twisting the bottom of the cup. These are front-end IoT applications that can play a major role in providing a better customer experience and ultimately in creating a competitive advantage. In addition, they can provide an interactive channel for marketing campaigns and advertising.
More than a century old, this German manufacturer of farming machinery and equipment adopted IoT technologies to transform its machinery. Its machinery is now equipped with sensors that collect real-time data during the farming process. With additional sensors placed at the farms, all the data collected is sent to the cloud where it is processed and made available to the farmers. They can get an insight into the quality of their crops, adjust the nutritive values of the food given to dairy cows, as well as adjust and plan the usage of fertilizers. This is a best practice example that shows how the adoption of IoT increases the value of the product.
Want to know more about the status of IoT in European industrial companies? Fill out the form to download the trend study Digital Industrial Transformation with the Internet of Things.