6 March 2019

How to use IoT in the equipment rental industry

IoT Smart Industry 4.0

The way data is collected and used in equipment management is undergoing a revolution. To make sure that your company is ready for the future, you need to ensure that both data managers and operators are more knowledgeable. Internet-of-Things (IoT) technology is at the center of this rapidly changing environment. Through an intelligent and flexible data gathering network, vast amounts of data can be collected and integrated.

From vehicles to your work space

The way we view and utilize our equipment will change completely because of the potential of the IoT. Not only can you deploy IoT technologies as a fleet solution, but you can also use them for personal vehicles and on public roadways. How does that work? You can combine business and customer data with IoT sensors to effectively use your equipment for rental, leasing, and services. Additionally, you will receive continuous status updates on the usage of your equipment. This technology can schedule predictive maintenance based on early warnings to avoid unplanned downtime and unnecessary repairs. As the technology continues to develop, the applications of the IoT are nearly limitless. Therefore, we have integrated the IoT and dashboards.

IoT Smart Industry 4.0

Innius, an innovative Internet-of-Things (IoT) platform

Innius is an IoT platform that gathers data from sensors in your machines and generates large amounts of information. Through data streaming, you can service your equipment proactively and stay ahead of your competition. Moreover, you receive automated formulas for maintenance and 24/7 monitoring of your equipment. The result is that your company can make smarter assessments of its service needs.

Equipment rental management using IoT

In the equipment-driven rental and service industry, it has become more and more important to gather data. But gathering data alone is not enough to prepare for the future. Black-box integration is becoming increasingly common in the equipment-driven rental and service industry. Using IoT technology, the black box gathers information about equipment usage in the form of meter registration and running hours. This data then triggers work orders for predictive maintenance to prevent your assets from breaking down and wasting time and money.

Curious about what IoT can do for you?

Learn how Rental IoT solution can help you boost your rental revenue

Michiel Toppers,
Michiel Toppers,
Product Director

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