Future Proofing your Manufacturing Business with Remote Monitoring and IIoT
by Cole Jensen
JASM Co-Founder
Intro
To thrive in an increasingly complex world, OEMs must embrace technologies that drive efficiency, enhance customer experience, and unlock new revenue streams. Future-proofing your manufacturing business with Remote Monitoring and Industrial Internet of Things (IIoT) capabilities is a crucial step in this direction
The Advantage of Remote Monitoring and IIoT for OEMs
By embedding IIoT capabilities into their products, OEMs can significantly enhance product value. Through advanced features, improved performance, and predictive maintenance capabilities, OEMs can differentiate their offerings in the marketplace. For instance, a heavy equipment manufacturer might equip its machines with sensors to monitor engine performance, hydraulic system pressure, and component wear. This data can be used to optimize equipment operation, predict maintenance needs, and extend asset lifespan, ultimately increasing customer satisfaction and loyalty.
Take a moment to envision the machines of the future. What will they look like, and how will they shape your industry?
Moreover, IIoT empowers OEMs to deliver exceptional customer experiences. By leveraging remote monitoring, diagnostics, and proactive support, OEMs can build stronger relationships with their customers. For example, a wind turbine OEM can use IIoT to monitor turbine performance in real-time, detect anomalies, and dispatch technicians only when necessary. This not only improves service efficiency, but also enhances customer satisfaction by minimizing downtime.
Accelerating time-to-market is another critical benefit of IIoT for OEMs. By optimizing product development processes, reducing testing cycles, and gathering real-world data, OEMs can bring new products to market faster. For instance, a CNC Machine OEM can use IIoT to collect data on machine performance, operator behavior, and component wear, which can be used to inform future product designs and improve machine reliability.
Your Roadmap to a Future-Ready OEM Business
Beyond product development, IIoT can significantly enhance operational efficiency. By streamlining manufacturing processes, reducing costs, and improving overall equipment effectiveness (OEE), OEMs can boost their bottom line. For example, a manufacturing plant can use IIoT to monitor production line performance, identify bottlenecks, and optimize resource allocation. This can lead to increased productivity, reduced waste, and improved quality.
Finally, IIoT presents new revenue generation opportunities for OEMs. By monetizing data and offering after-sales service packages, OEMs can create additional revenue streams. For instance, an agricultural equipment OEM can offer data-driven insights to farmers, helping them optimize crop yields and improve profitability.
To realize the full potential of IIoT, OEMs must adopt a strategic approach that encompasses product design, data security, edge computing, digital twins, platform development, customer experience, and talent management. By investing in these areas, OEMs can position themselves for long-term success in the evolving industrial landscape.
By embracing IIoT and adopting a customer-centric approach, OEMs can position themselves for long-term success in this increasingly competitive market.
Where do I get started?
Remote monitoring is one of the main cornerstones of IIoT-driven product innovation and optimization. By leveraging real-time data on equipment performance, OEMs can proactively address issues, extend asset lifespan, and enhance customer satisfaction. JAS Monitoring’s entire mission is to help companies like yours get started on this journey, and produce real results in months, not years.
At JAS Monitoring, we’ve created a specialized process to help manufacturers down the path of adding IIoT capabilities to their business operations. In fact, we offer the easiest method to add this to your product and fleet. Remote monitoring and data collection is the foundation for a future-proof OEM business: as our capabilities grow, so does your company’s! Whether it’s automated predictive maintenance, advanced machine learning, or having a full-scale digital twin, JAS Monitoring is your partner for the long haul.
Contact us today for a free, no-strings attached discovery call, and we can discuss how we can help you unlock the power of IIoT for your industrial equipment.
If you found this article informative, consider subscribing to our newsletter, or checking out our social media accounts below: