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Increasing your ROA (Return on Assets) with IoT (Internet of Things)

February 1, 2017

This paper is a continuation of the previous whitepaper on Re-imagining Asset Management with Internet of Things (IoT). It provides guidelines and addresses the important aspects to consider while implementing a Smart Asset Management Solution. The paper further explains with a case study on how you can realize value from Smart Asset Management and increase your ROA. This is a solution implemented for a leading Crane Rental company in the United States. Industries are investing billions of dollars in assets and are facing challenges monitoring those assets. The health of an asset is critical and it hugely impacts the business process. It is essential to keep track of where the asset is, what it is doing and in what condition it is performing. Thus, Asset Management becomes challenging and expensive.

Spotlight

IoT Forum

It supports the development of a worldwide interoperable Internet of Things, addressing technology barriers, business and societal challenges to create the conditions for a truly worldwide Internet of Things ecosystem and market. It does this through promoting international dialogue and cooperation on the Internet of Things between diverse actors from industry, research and government and across sectors.

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Increasing your ROA (Return on Assets) with IoT (Internet of Things)