IoT and asset management: turning challenge into opportunity
13 December 2018
Ingrid Wistrand, CEO, Tele2 IoT
Every business faces at least a few unique challenges, and it’s no different when it comes to incorporating the internet of things (IoT) and connecting your assets. But you don’t need some grand strategic vision to get started. As Tele2 IoT says: crawl, walk, run. Every journey begins with a single step.
Saving money, and time, is the bottom line for any business, but while tracking your physical assets – vehicles, equipment, animals, or IT devices, for example – helps you pinpoint where they are at any given moment, managing them means receiving vital information about, among other things, usage, maintenance, calibration and security.
This is where IoT is a game-changer. A well thought out IoT strategy will allow you to not just keep your assets secure, but also to optimise them to their full potential, increasing efficiency, cutting costs and improving customer experience.
Data collected via connected assets can, depending on your business, help with critical decision-making, supply chain optimisation, regulatory compliance, loss and theft prevention, maintenance optimisation, and workflow optimisation. In other words, revenue goes up and costs are kept under control.
At Tele2 IoT we have seen customers create value on multiple levels through connecting their assets, whether those are on site, such as in their factory or warehouse, or more likely located somewhere else, such as a fleet or infrastructure.
Depending on the use case, data traffic varies from tracking solutions with very limited data to preventive maintenance solutions where each asset sends large amounts of sensor data while in operation. Having a solution that allows you to maximise the potential of your connected assets in a cost-efficient way is key to the future of your business and your growing deployment.
The security of your assets is another challenge. You don’t want any unauthorised access to mission-critical assets – or any other assets, for that matter. Having a solution that secures bi-directional IP traffic between assets, the backend solution, and any other stakeholder such as third-party field service organisations, is ideal. Additionally, VPN solutions can be easily managed, which enables you to scale quickly while also addressing increasingly complex security issues.
Knowing the location of your assets, as well as any information that could affect them or is related to them, means you have access to critical information that could be key to staying one step ahead of the competition.