Offer multi-industry solutions and adapt to emerging technologies

If you’re working in the rental and services industries for equipment, machinery, vehicles and tools, you’re likely swarmed by information about current and future IT trends. The buzz includes Big Data, Internet of Things (IoT), Artificial Intelligence, Blockchain, Internet of Everything (IoE), Machine to Machine (M2M), Mobility, and Cloud. The promise is that these innovations can revolutionize ways of working and enable new business models to rise. 

The problem is that the buzz and the promise are too generic. They can apply to myriad industries. Furthermore, what we read usually stops after naming the trends and explaining what they are. So while you likely know that new technologies could help your specific business and industry. It’s hard to find discussions that translate buzz into specifics that apply to you.

Equipment management, among others, is undergoing a revolution in the way that data is collected and used to ensure that both managers and operators are safer and more knowledgeable. At the center of these changes is internet-of-things (IoT) technology, which has enabled the creation of vast data collection points and integrated them into an intelligent, flexible data gathering network. As long as a device has connectivity to the internet, it is possible to use it anywhere in the world. Data is no longer stored on local servers, but rather in the Cloud. As a result, everyone can access that data and use it across many applications.