Using operating data from equipment to understand when it will fail, reducing downtime.
Precisely tracking equipment use means charging based on exact usage.
Analyzing data from industrial equipment drives better business decisions, increases efficiency and reduces costs.
The Industrial IoT is primarily about connecting machines in industrial settings. Think oil and gas, utilities, or healthcare.
IoT is supercharging industrial environments, enabling industrial equipment manufacturers to offer entirely new kinds of services to their customers, leading to more efficient operations.
The growing need for connected, “smart” equipment can be a disruptive force for many manufacturers. The challenge is to embrace these changes before your competition leaves you in their dust.
Unclear Return on Investment (ROI)
Difficulties in assessing deployment and maintenance costs make it hard to predict economic benefits.
With sales in over 180 countries and an annual revenue exceeding $9.5 billion, Atlas Copco is one of the largest suppliers of industrial air equipment in the world today. A few years ago, the Swedish manufacturing giant launched SMARTLINK, an online service to remotely monitor its air compressors. By 2018, SMARTLINK, which is available to Atlas Copco’s customers on a tiered subscription model, was generating up to 43% of the company’s revenues for the company’s air compressor division, with the remaining 57% coming from equipment sales.
This case study by GSMA examines how Atlas Copco built the IoT infrastructure behind SMARTLINK – using, among other things, gateways and connectivity services offered by Semtech (formerly Sierra Wireless) – to deliver data from its air compressors to the cloud.
Collecting data from the field and using it to drive new, service-oriented businesses requires integrated processes and a streamlined flow of information. In our years of experience helping companies deploy IoT applications, we’ve developed a clear view of what works and what’s to be avoided. By starting with Semtech, companies in the industrial sector can be confident they’ll create an IoT deployment that offers the right combination of simplicity, security, and scalability – all while triggering a transition from product-based to service-based offerings.
Our pre-certified wireless solutions, expert professional services, and strong relationships with the world’s leading wireless carriers accelerate network certification and integration. We help customers deploy new applications in weeks instead of months.