Why smart asset monitoring is the need of the hour for asset-intensive industries
The importance of asset efficiency is something that cannot be overlooked. This becomes even more important when it comes to asset-intensive industries such as industrial machinery, manufacturing, oil & gas, logistics & transportation, equipment rental, etc. The operational expense of machines and equipment often increases to a level where it becomes higher than the initial investment made. In such a scenario, IoT-enabled asset monitoring can prove to be a game changer for businesses.
During this event, our speaker will focus on how assets are directly responsible for business productivity and overall revenue. IoT has the potential to solve several challenges that asset-intensive businesses are facing currently such as pilferage, sudden machine breakdowns, excessive maintenance costs, under performing assets, and more. This session will discuss how the Internet of Things can be accommodated with existing business processes to improve the way assets are managed and monitored. In addition to that, attendees will be able to see a demo of how a smart asset monitoring system works and get answers to all the queries that they have regarding the assets that drive their business.
Types of assets
Current challenges in asset monitoring
IoT-enabled asset monitoring
Business use cases
Realizing value with IoT