Investments in technology, while necessary, are often overlooked due to financial uncertainty among companies. In addition, the local and international economic climate and the organizational culture of companies also influence this decision.
Logicalis' IoT Snapshot report , released this year, provides a snapshot of the Internet of Things investment landscape in Brazil in 2021. According to 44% of respondents, budget is the main barrier to IoT adoption. This is followed by organizational culture (33%), which can be more or less conservative in adopting more technology.
For those who use and see value in IoT for business, operational efficiency (68%) is cited as the main benefit of adopting the technology. Productivity /agility and decision-making support follow closely behind.
According to the report, 42% of Brazilian companies expect to invest in IoT projects in the coming months, with the manufacturing sector being one of the most interested. For this market [FM1] and others such as sanitation, energy, and infrastructure, Above-Net 's Bridgemeter turnkey industrial IoT platform enables multiple forms of return on investment (ROI).
The solution allows integrators, machine manufacturers, and companies that lease industrial equipment across multiple plants to receive critical real-time data on the operational status of each piece of equipment and predictive analytics that identify anomalies, notifying maintenance teams and preventing potential problems from escalating.
Predictive analytics reduces unnecessary field team calls, logistics costs, and failures through continuous intelligent monitoring. This prevents plant operations from being interrupted for equipment maintenance, increasing efficiency.
In addition to the returns mentioned, Bridgemeter, when embedded in a piece of equipment, allows the addition of real-time machine monitoring service as a white label solution.
Return on Investment with Predictive Analytics: As an example, we can take an industrial boiler manufacturer. By using Bridgemeter embedded in its equipment, it offers the market a smart product with real-time telemetry support and remote access.
This way, the manufacturer acquires crucial data about its own equipment, which can later be transformed into business intelligence. It can also start charging an additional fee in maintenance contracts to end customers who want access to Bridgemeter data, dashboards, and alarm rules to monitor their boilers.
Bridgemeter detects combined conditions of equipment operational degradation and triggers a prescriptive maintenance plan in real time to correct the problem immediately.
By adding customer satisfaction with the service provided, the manufacturer will have the following returns on its investment: an image of a company that invests in technology, product modernization, crucial operational data, business intelligence, and additional revenue from reselling the solution to end customers.
SaaS Business Model Maximizes Return on Investment
"Bridgemeter's subscription business model allows non-technology companies to immediately access an IoT solution. Otherwise, developing an industrial telemetry solution would require significant investment and a qualified team," commented Marcelo Ramos, Vice President of Above-Net.
Above-Net's Industrial IoT platform is offered as a solution as a service (SaaS) with OPEX-based investment and zero CAPEX. With a low monthly fee per monitored point, you can deploy a high-availability [FM1] and data-secure industrial solution without worrying about system development and integrations that deviate from your company's business model.
