Internet of Things is finding its way into our life. Here is one of the cases where IoT is contributing for business success and efficiency. For efficiently managing nearly 73 thousands of refrigeration units, a company is using facilities and equipment management software platform from a service provider Verisae , a major retailer has developed a predictive analytic based program for refrigeration cabinet maintenance, covering over 1000 of its retail locations.
As data streams in from sensors on the units, predictive analytics decide what is likely break in near future. Refrigeration technicians are dispatched with everything required for non-disruptive, preventive maintaiance call during the two-week window prior to a predicted failure.
Consequences
- The systems is running up with up to 98% accuracy
- It is key performance indicators are positive and encouraging
- maintainance costs are down
- Equipment "trading time"is up
- business risk is down,
- offered product quality is up
- end consumer satifafaction is up for the retailer
This is but a tip of ice berg of IoT world
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