Enabling New Services in Industrial IoT
OEMs who embrace Industrial IoT can enable additional revenue streams and offer new services to customers.
Excerpt from Machine Design. Published by John Younes. September 26th, 2019:
Many machine or equipment manufacturers are looking to offer new services to their customers to enable additional revenue streams, and Industrial Internet of Things (IIoT) technology provides a way to accomplish that goal.
Industrial machine manufacturers have been performing data analytics for years—since the 1950s. However, that data took a long time to collect, analyze, and then slowly be used to make operational decisions. Later the industry adopted business intelligence tools, which led to better analytics and decision-making. Today, the real value is coming into play as IIoT comes of age with machine learning and the onset of artificial intelligence.
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About Litmus Automation
Litmus Automation bridges the gap between data in the field or factory and business applications for companies looking to implement Industrial Internet of Things (IIoT) solutions. Litmus Automation’s offerings, LoopEdge and LoopEdge Manager, work seamlessly together to allow companies to access and exploit data previously trapped inside enterprise hardware, no matter where or when it was deployed. Working with original equipment manufacturers and other industrial companies, Litmus Automation’s proven IIoT solutions offer data and device management so companies can optimize both how they run their business and how their customers’ businesses operate. Litmus Automation customers include 10+ Fortune 500 Manufacturing companies, while partners like Siemens, HPE, Intel and SNC Lavalin expand the Company’s path to market. For more information, visit litmusautomation.com.