This eBook by Aeris acts as a IoT connectivity buyers guide for equipment telematics, allowing your IoT connected products to see success.
Over the next few years, Manufacturers will live and die based solely on how they choose to adopt IoT programs. The most significant usage of IoT could be integrated telematics designed to give OEMs better visibility and control into their equipment health, utilization, safety and overall performance. These are just a few reasons that the global IoT in Manufacturing market size is projected to reach USD $1.04 Billion by 2026, from USD $567 Million in 2020.
Until recently, equipment manufacturers could only choose between using an OEM telematics product or an aftermarket solution for tracking and monitoring their equipment. Both have their advantages but are limited in their ability to accommodate a mixed fleet and moreover provide little insight into machine performance and utilization. As such, now more and more equipment manufacturers are starting to develop their own inhouse telematics program to reduce costs, risk, and increase revenue along with improved productivity and machine efficiency.
Choosing to develop an in-house telematics solution is a big decision. And it starts with “Connectivity.” Choosing the right connectivity provider is crucial to the overall success of your program, as not every connectivity supplier can help you take on your IoT program. Therefore, it is critical to understand the capabilities of each connectivity supplier with a set of precise questions to help further your research so that you can make the wisest selection in support of your IoT program.