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#News(General) [ via IoTForIndiaGroup ]
Opportunities
With proliferation of devices in moving assets and the pursuant data, newer business models keep emerging. This data can be curated to open opportunities in the areas of:Operations Optimization
– Fleet Deployment– Operator Deployment
– Perishables Monitoring
– Supply Chain Integration
Safety Management
Regulatory Compliance
Asset Health Management
Given a plethora of opportunities for different industries, the biggest challenges faced by companies are in curating the data to result into actionable insights. The ability to learn from the data, situations and scenarios related to the asset on the move, gives real-time boost to optimize operations on the move.Industry Readiness
With an objective to move from historical data-based end-to-end unified view to a more real-time insights-based view, industries are leveraging digital technologies to revolutionize their services and operations.Collection of data through edge devices deployed on the fleet has taken a major boost in the past few years, which is driven by technology evolution and aided by regulations such as ‘ELD Mandate’, ‘Duty of Care’ and ‘AIS 140’.
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