This week Latest Sale covers Technology for the Business Directory with a focus on how businesses use Machine-to-Machine Technology. This is part II of our series on Machine-to-Machine Technology as our team explain how data is captured through devices.
One of the benefits of M2M Technology is its ability to gather and populate essential data. For a business, this is essential for identifying key sales cycles, buyer behaviour patterns and other trends.
Tracking assets- M2M Technology enables businesses to track assets. Asset tracking can be as varied as tracking a fleet of cars via GPS or tracking items set for deliveries that may be in transit from the company’s depot to the end customer. Machine-to-Machine Technology can be used in this instance to provide the central business with updates, including anything from the state of the items delivered at each part of the delivery cycle to the end customer to the scheduled delivery time of the item.
Predictive assessments- A particular benefit to businesses that deploy M2M Technology is the possibility of accessing and predicting changes. Sensors can detect machinery faults and downtime considerations so that ordering replacement parts or booking in repairs can be more readily accessed.
Product performance assessment- Post sale considerations are one of the benefits of M2M Technology. M2M Technology can be used for product performance assessment planning to enhance a business’ product lifecycle planning parameters and new product development initiatives. Connected products facilitate product lifecycle planning with warranties a key factor affecting the management and performance indicators for products, their use and the frequency of their use, versus their duration/ life line.