IoT technology will play an increasingly important role in fleet and asset management tp to 2025, according to a new survey. Graphic courtesy of Particle.
Preventive Maintenance Listed as a Top IoT Use
Remote monitoring, preventive maintenance, and asset tracking are the top three uses for IoT (Internet of Things) technology, according to a survey from Particle, which describes itself as the world’s largest IoT platform.
The findings came as part of a survey of 800 IoT professionals that asked questions about the challenges and opportunities of IoT technology, which is expected to have a total economic impact of up to $11.1 trillion a year by 2025.
Companies in industries such as technology, manufacturing, healthcare, energy, and agriculture were most bullish about IoT. Respondents in those industries expected their compay to reap at least $1 million in revenue from their IoT products.
The top use cases for the technology were remote monitoring (33.3%), preventive maintenance (23.2%), asset tracking (14%), consumer product (12.3%), consumer fulfillment (7.6%), other (6.6%), and compliance (2.9%).
Preventive maintenance systems can produce up to 545% return on investment for businesses, while asset tracking systems can improve workforce utilization by 40%, according to the survey.
Tasks that can be easily done with IoT technology include collecting and storing data generated by devices (20%), visualizing data (23%), and vendor election (23%). Taskes that are hard to accomplish include debugging devices (55%), delivering software updates to edge devices (40%), and reducing bandwidth consumption (36%).
“Over-the-air firmware updates and remote diagnostic functionality are a vital component of any IoT platform,” said Jeff Eiden, senior product manager at Particle. “Companies should test these features out before investing in any IoT platform.”
IoT technology is becoming much more global. The number of devices has increased more around urban areas, but can also be found in rural territory. More than 170,000 developers have deployed Particle devices around the globe.
FLEET MANAGEMENT AUDIT
Fleet management is the use of a set of vehicles in order to provide services to a third-party, or to perform a task for our organization, in the most efficient and productive manner with a determined level of service and cost.
Fleet management activities are shown in the following graph 1:
Graph 1: fleet management activities
The proposal audit analyses and assesses all fleet management activities shown in the graph 1, and its main goals are:
- Know the overall status of the fleet management activities
- Provide the analysis, the assessment, the advice, the suggestions and the actions to take in order to cut costs and increase the efficiency and efficacy of the fleet management activities
With the information obtained, we’ll elaborate a report that holds the overall status of the fleet management as well as the suggestions, recommendations and the measures to take in order to cut costs and optimize the fleet management activities.
CLICK ON THE FOLLOWING LINK TO DOWNLOAD THE PROPOSED FLEET MANAGEMENT AUDIT:
José Miguel Fernández Gómez
I´m a Fleet Management expert, and the manager of Advanced Fleet Management Consulting, that provides Fleet Management Consultancy Services.