Investments in technology, while necessary, are often overlooked due to companies' financial uncertainties. In addition, the local and international economic landscape and the organizational culture of companies also influence this decision.
The Logicalis IoT Snapshot report , released this year, provides a snapshot of the landscape of Internet of Things investments in Brazil in 2021. According to 44% of respondents, budget is the main inhibitor to IoT adoption. This is followed by organizational culture (33%), which can be more or less conservative in adopting more technology.
From the perspective of 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 support for decision-making follow closely behind in the ranking.
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 industrial IoT "turnkey" platform enables multiple forms of return on investment (ROI).
The solution allows integrators, machine manufacturers, and companies that lease industrial equipment across various plants to, firstly, 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 service calls, logistical costs, and failures through continuous intelligent monitoring. This prevents operational interruptions for equipment maintenance, thus increasing plant efficiency.
In addition to the aforementioned returns, when integrated into a device, Bridgemeter allows for the addition of real-time machine monitoring services as a white-label solution.
Return on investment with predictive analytics. As an example, we can use an industrial boiler manufacturer. By using the Bridgemeter embedded in its equipment, it provides the market with an intelligent product supported by real-time telemetry and remote access.
In 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's 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.
In addition to customer satisfaction with the service provided, the manufacturer will have the following returns on its investment: image of a company that invests in technology, product modernization, crucial data on the operation, business intelligence, and additional revenue by reselling the solution to end customers.
SaaS Business Model Maximizes Return on Investment
“Bridgemeter’s subscription business model allows companies outside the technology sector to immediately adopt an IoT solution. Otherwise, a large investment and a qualified team would be necessary to develop an industrial telemetry solution,” 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 investment. With a small monthly fee per monitored point, it's possible to deploy a high-availability [FM1] and data-secure industrial solution without worrying about developing and integrating systems that deviate from your company's business model.
