Enterprise IoT Solutions: Real-World Applications and Success Stories
We are all moving towards an era where every technology is connected. These connections between devices and systems improve overall efficiency. Therefore, integrating these IoT solutions into enterprise applications is the need of the hour. If you are an enterprise owner, you should know what solutions can help you strengthen your position in the market. This article will give you an understanding of Enterprise IoT Solutions in various industries. You will also see use cases and IoT success stories to get a better view of this technological power.
What is Enterprise IoT?
Enterprise IoT refers to the interconnectivity of devices, sensors, and data management systems in a large-scale enterprise. Here, IoT contributes to commercial or industrial applications. It allows the collection, analysis, and delivery of data from all the assets. Major elements that revolve around enterprise IoT are as follows-
Connected Devices and Sensors—These days, companies are equipping their physical assets with IoT-enabled sensors. This helps them collect real-time data regardless of their location.
Data Analytics and Insights-Later, that information gets aggregated. It is then processed to generate actionable insights using complex analytical platforms.
Integrated Systems and Automation– Enterprise IoT Solutions are integrated with existing ERP and CRM systems for automating different tasks.
Specialized IoT Platforms and Expertise – Mostly, enterprises use specific IoT and partner with an IoT solutions provider. It helps them to build, deploy, and manage their EIoT without having to study the technology.
Enterprise IoT Solutions
We see various IoT success stories in the world. But each story is unique in its own way as they use different IoT solutions. Let us look into some of the most effective use cases of EIoT in different sectors.
Smart Manufacturing
IoT is changing the way manufacturing transforms production processes, maintenance practices, and quality control. By applying sensors, automation, and advanced analytics, manufacturers are achieving operational efficiencies and visibility never seen before.
Connected Logistics
The supply chain and logistics are using IoT to improve asset utilization, improve visibility and improve reliability in delivery. Real-time tracking of vehicles, packages, and infrastructure allows logistics providers to enhance operations and improve customer experience.
Smart Facilities
IoT solutions providers are making remarkable inroads in the built environment. They fit commercial buildings, campuses, and facilities with connected sensors and controls. In this way, organizations are achieving incredible energy savings, space optimization, and operational streamlining.
Utilities and Energy
In both utilities and energy, IoT is transforming asset management, grid optimization, and customer engagement. Through connected devices and real-time data analytics, utilities are able to ensure reliability, efficiency, and sustainability in their operations.
Connected Healthcare
The healthcare industry is using IoT to improve patient experiences, improve clinical outcomes, and optimize asset management. They now use remote patient monitoring and smart medical equipment tracking. With this, IoT brings real improvement to healthcare delivery.
Fintech
The financial services sector adopts IoT to optimize operational procedures, improve customer experience, and discover new revenue streams. They use connected devices and real-time data analytics. It empowers banks, insurance companies, and fintech to make informed decisions, detect fraud, and personalize offerings.
Automotive
The adoption of enterprise IoT solutions is widely experienced in the automotive industry. We are now in the era of connected cars and autonomous driving capability. Automakers embed sensors and connectivity into automobiles for predictive maintenance, safety enhancement, and smart city integration.
Connected Products
Enterprise IoT now changes how organizations design, manufacture, and service their products. Organizations will integrate connectivity into their products and devices. It enables unparalleled awareness about how a customer uses the product. They also perform remote diagnostics and maintenance of those products.
Smart Agriculture
The much-hyped area of IoT success stories is related to agriculture. Farmers are now using sensors, drones, and analytical data. It enables them to improve resource management, crop yield, and livestock management. This opens the road for greater sustainability and profitability.
Smart Retail
Retail organizations are using enterprise IoT to enhance the customer experience in stores, optimize inventory, and protect against theft. Stores now use automated checkouts, real-time inventory monitoring, and targeted promotions. This is all possible with sensors, cameras, and digital signage inside stores.
Aviation
IoT has changed aircraft maintenance, logistics, and even passenger experience in aviation. Now, real-time data analysis allows airlines and aerospace companies to forecast likely failures in equipment. They also optimize fleet management while providing better in-flight services to passengers.
Benefits of Enterprise IoT
Enterprise IoT Solutions benefit the organization’s bottom line. It helps to maintain a strategic position among various competitors in the market. Some of the advantages of having IoT in your enterprise are:
Increased Operational Efficiency
IoT makes it easy for organizations to gauge the performance and usage of equipment, assets, and machinery in real-time. This data can then be translated into ongoing optimization of processes or reductions in downtime. We then move from reactive to predictive maintenance and improve productivity and overall efficiency.
Enhanced Safety and Regulatory Compliance
By having connected devices in a facility, we can get an idea of hazardous conditions, and environmental conditions. This leads to proactive risk mitigation and compliance with industry regulations.
Substantial Cost Savings
Enterprise IoT allows the corporation to save massively through labor and operational efficiency. You lower energy usage, and decrease downtimes and wastes, as well as inventory carrying costs.
New Revenue Opportunities
You can monetize the usage data or insight derived from IoT. It can be done by offering subscription-based business models. Finally, it will rise to additional revenue streams and diversified offerings.
Sustainable Competitive Edge
When you go for an IoT implementation, you bring a shift in how people see your brand in the market. You can project yourself as a better provider of services and products. This will also help you to make your brand a sustainable one.
Enterprise IoT Case Studies and Success Stories
We all now understand how IoT can be used in the real world and the benefits associated with it. But this can be an understatement without knowing any success stories and IoT case studies. So, let us read about some effective changes IoT has brought in different enterprises.
Revolutionizing Asset Monitoring with IoT
The first case study is of an OEM which implemented IoT for asset monitoring. IoT in asset monitoring is used to keep track of inventory and different assets an organization has. In this story, an OEM deployed asset monitoring which helped it to connect its 5000+ assets throughout the world. By adopting this method, they were able to have 50GB+ of data growth every day. Asset monitoring also helped them to figure out faults in their existing systems. By resolving them they were able to achieve massive business growth.
Download the PDF for full story:
IoT Utility Billing
The next success story in line is about a commercial building that has significantly improved the living conditions of 500+ tenants. The credit goes to Utility billing through IoT. The owner used smart meters and IoT to help improve the billing procedure. After implementing such smart solutions, they were able to do effective tariff management and billing processes. This saved them valuable time and increased their efficiency. The owner also gets real-time data if there is any fault in electricity supply in its building. They can now pinpoint the exact root cause of the problem and solve it effectively.
Download the PDF for full story:
Original Equipment Manufacturer (OEM) HVAC Efficiency Enhancement with IIoT Implementation
Improving HVAC efficiency is what every industry wants. They want to reduce costs and prevent failures that majorly occur in HVAC systems. So, to provide a better solution to these a US-based OEM specializing in HVAC has integrated IoT in its products. They are now providing IoT systems that continuously monitor the HVAC systems installed in the industries. It tracks down faults in real-time and helps in taking proactive measures. This helps to boost the efficiency of these systems. By implementing IoT in its services, the OEM has now earned a global clientele in 2000 locations. This has significantly boosted its revenue to 10 billion USD.
Download the PDF for full story:
Strategies for Implementing Secure and Scalable IoT Solutions in Large Enterprises
This case study is based on how you can implement IoT in large enterprises. This white paper discusses that industries are now moving towards the Industry 4.0 revolution. For that, they must implement IoT in their existing systems. According to McKinsey, 78% of industries are now moving towards this shift. However, implementing IoT in starting is filled with challenges and security measures. This is where this white paper helps. It provides different strategies while providing solutions to different hurdles that you may encounter. To get a holistic approach to these strategies, you can download the PDF for full story:
Overcoming Challenges and Unlocking the Full Potential of Enterprise IoT
To avail benefits from IoT Case Studies you must also battle multiple technical and organizational challenges. The major challenges for you could be:
Data Management Complexity
The entire volume and different kinds of data generated would be beyond comprehension for organizations managing an IoT ecosystem. You might require powerful data management and analytics capabilities to surf through and derive meaning.
Legacy System Integration
You should be able to integrate your IoT solutions into existing CRM or ERP to maximize its output. And if your existing system doesn’t support the IoT solution, you would have to make changes in the existing system as well.
IT/OT Alignment
You should be able to bridge the gap between IT and operations. They both should promote cross-sectional collaboration and successful IoT implementation.
Interoperability Issues
Integration of simultaneous interoperability of connected devices and platforms from many vendors would be a huge challenge.
Proof of ROI
It sometimes takes a bit of performance measurement to show that very real business benefits accrue from enterprise investments in IoT.
Security Risks
In fact, one of the most important issues relating to IoT ecosystems is their defense against cyber threats. This fundamentally requires a strong safety plan and specialized knowledge.
Lack of Internal Expertise
Commonly, the skill or domain knowledge might be absent in your organization’s requirements for implementing and managing enterprise IoT solutions.
Immature Technology
Some technologies and platforms are still maturing and hence require proper evaluation and adjustments to work with IoT.
Cultural Resistance
Sometimes the workforce is so used to the existing systems that they do not want change. So, it’s the duty of the management to collaborate with them to implement the new changes together.
Conclusion
As IoT continues to evolve, companies now buy into the idea of this transformative technology and apply it comprehensively. And these companies will be in an outstanding competitive position in the years to come. In partnership with IoT solutions providers and using enterprise IoT, businesses truly have an enormous potential for innovation. They will gain operational efficiency and growth. In other words, they would be ready for the new world. Contact us to get ready for a IoT-driven future.
