Employing IoT devices to continuously monitor asset performance and operational health.
Role | Deep Tech Used | Impact Vector | Industry | Impact Vector %Benefit |
---|---|---|---|---|
Head of Digital Applications | Internet of Things (IoT) | Cost | Energy & Utilities | 27% |
Employing IoT (Internet of Things) devices for asset monitoring involves installing sensors and connected devices on various equipment and infrastructure within an organization. These devices collect real-time data on asset performance, operational health, and environmental conditions. By leveraging this data, businesses can proactively detect issues, schedule maintenance more efficiently, and reduce downtime. This approach enhances operational efficiency, extends the lifespan of assets, and minimizes unexpected disruptions, ultimately leading to cost savings and improved productivity.
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