Utilising the information from embedded sensors to move from preventative to predictive maintenance is one proven way to lower costs and improve service, says Andrew Kinder, Infor. By 2020 it's predicted that there will be 33 billion connected devices on the planet; nearly three times the 10-12 billion estimated today. Already present in our lives through our vehicles, homes and even on our person with wearable tech, embedded sensors will be deployed in almost every piece of equipment along the supply chain. Constantly gathering real-time data about the equipment, it's operating conditions, the environment it is operating in and how an individual asset is performing, the information and insight available will be far beyond anything we have had access to before with enormous opportunities for equipment manufacturers, dealers, service and rental providers to lower costs, improve service and drive new sources of revenue.
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