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Use cases for IoT-based asset monitoring include factory and process automation, predictive maintenance, data analytics, as well as Augmented Reality and Virtual Reality applications for Industrial IoT (IIoT).
Aricent developed the new framework based on deep domain expertise in IoT sensor enabled smart energy, power generation and distribution, as well as the company’s ongoing work in its IoT Centre of Excellence (CoE), with several top tier smart energy companies.
The Aricent IoT Asset Monitoring solution allows innovative companies to fully leverage valuable, real-time device data insights to improve operational efficiency and secure a wealth of new business opportunities. According to IDC, smart home investments are expected to more than double, reaching more than $63 billion(€53.94 billion) by 2020.
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