Internet Of Things: The Rubber Meets The Road Posted on : Apr 25 - 2015

The Internet of Things (IoT) is here. We've moved beyond speculation about what IoT might look like to the place where the rubber meets the road: that is, to where IoT demonstrates real business value.

This evolution raises questions for how to best manage and benefit from the technology as it continues to grow in ways that we may not realize.

An IoT Business Case

There's a clear business case for efficiently managing 73,000 refrigeration units. Using facilities and equipment management software platform from Verisae, Inc., a major European retailer has deployed a predictive analytics-based program for refrigeration cabinet maintenance, covering over 1,000 of its retail locations.

As data streams in from sensors on the units, predictive analytics decide what’s likely to break in the near future. Refrigeration technicians are dispatched with everything required for a non-disruptive, preventative maintenance call during the two-week window prior to a predicted failure. According to the company, the system runs with up to 98% accuracy.

As a result, its key performance indicators are encouraging; refrigeration maintenance costs are down, equipment "trading time" is up, business risk is down, offered product quality is up, and, of note, end consumer satisfaction is up for the retailer. View more