The Internet of Things – an Explanation in 2 Sentences

internet of things, definition

The Internet of Things is created by adding various sensors to machines, buildings, animals, cars, etc. and connecting those to the internet and the cloud. The data from these sensors is collected in a big platform or database and systematically analysed, following previously defined business rules. The most important question is - what happens with all that new information? What advantage can your customers, your company, or your employees gain from it? Let's find out. See below for some success stories.

Successful Internet of Things Case Studies

remote maintenance, cost reduction

Improve customer service while saving costs at the same time - proactive remote maintenance

An international, medium sized company sells machines that handle medical samples that are very sensitive to temperature changes and dirt. By equipping their machines with sensors and connectivity, unplanned outages were reduced by 40% and on-site engineer visits were reduced by 33%.

Revenue Growth

Cost Reduction

pay per use

Develop new market segments with Pay per Use

A company that makes and sells expensive equipment has equipped its machines with sensors, connectivity, and security mechanisms. Now, users can log on and get charged per use, and they don't have to buy the equipment. This way, the company has unlocked completely new customer segments and achieved significant revenue growth.

New Market Segments

Customer Loyalty


sensor technology, cost reduction

Cost savings via measuring fill level and smell

Trash bins are usually emptied at a regular pattern. That is inefficient for the authorities and companies, and sometimes unpleasant for customers. Bins that inform their owners about their fill level are an interesting solution.

Cost Reduction

Customer Satisfaction

connectivity, management software

Regulatory compliance made easy - digital drivers' logs with added value

Regulation constantly requires more data and administration in many areas. German taxi companies are required to run digital drivers' logs. Trackers can be used to avoid manual work for taxi drivers.

Regulation

Customer Satisfaction



Which business model is right for your company? Let's find out. Email us at consulting@ecbm.me or call us at +49 2132 5100160. We jointly develop solutions that will give you and your company a head start.

 

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