Connected industrial goods for IoT business success
The IoT can serve to tap new business potential in device connectivity and beyond.
Device connectivity is one of the first ingredients in the recipe for IoT projects’ success. It enables mechanical and plant engineers to collect and assess data from equipment sometimes deployed worldwide. This information underpins holistic IoT solutions and innovative business models.
For example, shipping companies that connect their on-board devices and systems can get much more transparency and a clearer picture of what transpires on their vessels. Know your ship – the crew and inspectors can take that sailor’s credo to heart and keep on top of the ship’s status.
It also provides a uniform means of managing complex equipment, enabling mechanical engineers to track where and how their engines are used and which software version is installed. They can carry out remote updates (FOTA/SOTA) to boost engine performance and make other improvements.
Tapping the IoT’s full potential
Companies that connect their industrial goods gain a firmer grasp of the ways in which customers use a product. This information helps them design new digital services and business models that deliver real value to customers.
Many options beyond merely collecting and assessing device data are on the menu. One is to create virtual copies of devices and machines. Called digital twins, these digital representations serve electronic equipment manufacturers, automakers, shipbuilders, and the like well. A digital twin enables developers to continue working on the design even without a connection to the actual device. It is also a tremendous asset when servicing devices. Engineers can run simulations with a digital twin to better predict when individual components will need repair or replacing.
Bosch IoT Suite: Our platform for industrial projects
Bosch IoT Suite, the Bosch platform for cross-domain IoT solutions, provides the technical underpinning for our projects. Our customers’ solutions are implemented in different public cloud, private cloud and on-premise environments.