ROI calculator and Internet of things
We have been working closely with a few of our long standing customers to measure the economic benefits (ROI) derived from our products and supplementary services. A large number of customers have been surprised by the quantum of benefits which can be derived out of deploying retrofit industrial Internet of Things (IOT) solutions.
# Direct benefits from technology and procurement of hardware – primarily through lower cost of ownership / use of proven open source tools / lower maintenance costs from non invasive IOT Sensor tags, high autonomy and ease of deployment.
# Look at the case of indoor positioning in manufacturing industry, deployed on the shop floor environment. The productivity enhancements are immediate. The ability to bring new insights on production batch process, worker movement, inventory and equipment tracking.
# Indirect yet measurable savings through operational efficiency, machine conditioning monitoring, proven and superior processes and deeper insight into machine behaviour, operations, lower breakdowns, competitive advantage etc. IOT in manufacturing has its benefits.
IOT ROI calculator
- A deep insight into the business process
- Customers willingness to partner in the measurement yardstick
- The demonstrated value to be ratified by third party if possible
- No assumptions to be made on parameters used for computing benefits
- Continuous evaluation of parameters to enhance benefits
Call us to know about your potential return on investment by deploying Internet of Things in hitech farming, building automation and remote diagnostics (Industrial IOT solutions)