Part 2/7:
At the core of this transformation are IoT-enabled machines that continuously transmit real-time data. These smart machines collect vital information regarding their performance, utilization, and potential misuse. By analyzing this data, companies gain deep insights into how their equipment operates in the field.
This data-driven approach allows for comprehensive monitoring, which in turn informs strategic decisions. For instance, understanding whether a machine is overused or underutilized helps in planning maintenance schedules and identifying areas of inefficiency.