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17 October 2022

3 Examples of Successful IoT Implementation with the Help of a Data Analysis Tool

The increasing use of IoT (Internet of Things) devices is rapidly shaping a more sophisticated world. IoT technologies have played a significant role in the Industrial sector, enabling previously unimaginable operational efficiency and resource availability levels. With the presence of IoT technology comes an increase in the amount of data collected and analyzed. In some cases, companies will collect data from various IoT devices. The information will then be stored in a data center. successful iot implementation

Furthermore, the data is analyzed to gain insights that can be used to make decisions. However, there are challenges in data processing where companies skip the process of centralizing data to be processed and directly enter the analysis process. This happens frequently and has an impact on their business optimization efforts. In response to these challenges, many enterprises have implemented data analysis tools to help them analyze their data.

Data Analysis Tool: Simplify IoT Data Analysis

With the rapid advancement of technology, the importance of data analysis is growing. Some businesses have used various data analysis tools to implement this process. In general, a data analysis tool is a tool that assists enterprises in processing data to make business decisions. A data analysis tool is the most convenient way to conduct data analysis, particularly on IoT data. This is useful for gaining knowledge to make better and more accurate decisions.

Examples of Successful IoT Implementation in the Industrial Sector

IoT Data Collection and Analytics is one of several data analysis tools that can assist you in analyzing and processing data. IoT Data Collection and Analytics can help businesses implement IoT to optimize every aspect of their operations, particularly in the industrial sector. Implementing IoT Data Collection and Analytics solutions can also assist the industry in displaying real-time data analysis, scalability of data measurement, and cost savings associated with data storage. This is demonstrated by the successful IoT implementation in industrial sectors shown below.

  1. Inventory Management in Real-time

IoT Collection and Analytics allows you to create IoT applications that can track inventory in real-time. For example, companies that sell food and beverages can benefit from IoT Collection and Analytics. IoT Collection and Analytics will proactively analyse vending machines’ data and reorder merchandise. This is possible because IoT Collection and Analytics provide insight into when the food supply is running low.

  1. Maximize the Equipment’s Service Life (Predictive Maintenance)

Keeping assets operational can significantly reduce the company’s costs. Managers in various industries can predict when equipment will fail using IoT Collection and Analytics. IoT-enabled systems can detect warning signs and use data to create maintenance time schedules and service equipment before problems arise.

  1. Improve Business Process Efficiency

Enterprises can use IoT Collection and Analytics to create applications that constantly monitor the efficiency of various processes. Additionally, the company can take steps to improve the process. Mining companies, for example, can improve efficiency on their load trucks by maximizing the load for each trip. Companies can use IoT Collection and Analytics to determine the most efficient load for a location or truck over time. Then, in real-time, IoT Collection and Analytics will compare deviations from the target load. Furthermore, the company can improve efficiency by developing better plan loading guidelines. successful iot implementation

So those are some of the successful IoT implementations based on IoT Data Collection and Analytics. IoT Data Collection and Analytics are expected to aid in the resolution of various data management challenges. This solution facilitates the implementation of IoT, which will undoubtedly improve overall business operations. Data collection and analytics are significant investments in multiple industries to help them make better business decisions. Phintraco Consulting or PhinCon, an IT Consulting company that provides data analysis tool solutions, may be your best option. This Phintraco Group subsidiary has experience in assisting the company’s business in various industries. Let your company fully utilize IoT devices by implementing IoT Data Collection and Analytics solutions.

 

If you are interested in learning more about IoT Data Collection and Analytics, its functions, and its applications, please contact us at [email protected].

 

Reference:

https://www.tibco.com/reference-center/what-is-iot-analytics

 

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