Return on investment
Connecting for success
TECHNOLOGY
high value assets . “ You can put a sensor into a shipping container and measure temperature to be more informed about how you ’ re delivering fruit or dry goods and improve your wastage ,” offers Brenneis .
Return on investment
The Barometer Report also found a direct correlation between scale of adoption and ROI ( Return On Investment ) with positive returns for sectors across the board .
“ Once companies start connecting they have more information on how a supply chain is working or a process plant is operating , allowing them to become more
informed about other parts of their business ,” explains Brenneis .
“ As the information starts to flow out , an IoT project grows into more parts of the business , becoming integral to core ERP ( Enterprise Resource Planning ) systems and customer records so it ’ s no longer just a standalone way of measuring isolated areas of a business , but an opportunity to use plentiful data to make educated improvements in the business model .”
Connecting for success
Brenneis believes that in order to leverage the full potential of IoT , businesses need to find the right partners to deliver or manage
20 November 2017