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The Internet of Things has many applications in a wide range of industries. IoT technology can also make yourbusiness more efficient, sustainable and cost-effective. So how do you choose the right IoT solution for your business needs?
According to the Ericsson Mobility Report of November 2021, the number of mobile IoT connections is set to grow by 13 % annually until 2027. This is because the Internet of Things has many applications that can enhance the business value of enterprises in various industries.
One of the industries that benefits greatly from the IoT is transport and logistics. Some well-known applications are truck and trailer monitoring, driver assistance systems and goods tracking. Management consulting firm Arthur D. Little expects the number of IoT connections in the transport industry to increase by 11 % a year until 2030.
With the support of Orange Belgium and Ericsson, ZF Transics has developed an IoT solution for more efficient, sustainable and safe truck fleet management. This improves the customer experience and at the same time significantly reduces costs.
Application 1: predictive monitoring
A typical European transport company has a fleet of 50 trucks and 100 drivers. Such a company can save 613,000 € – or 4.3 % of its total costs – by monitoring its trucks and trailers. That’s because problems are detected far more quickly if the engines, tyre pressure, temperature and other parameters are constantly measured. As a result, the trucks will need fewer unscheduled repairs, are less likely to break down due to problems and consume less fuel thanks to their optimised tyre pressure and engines. A company that monitors its trucks and trailers is also less exposed to theft, which reduces the insurance premiums.
Application 2: smart driver assistance systems
Driver assistance systems are another IoT application that transport companies can benefit from. Sensors can be installed in each truck to send data about the trip to a server via the mobile network. This data is analysed and individual feedback is sent to the driver. This will save a typical European transport company 263,000 € a year, or 1.8 % of its total costs. The number one savings are reduced fuel costs thanks to eco-driving, but using the IoT will also significantly reduce the administrative costs and insurance premiums.
Intensive collaboration
Orange, which has been working closely with ZF Transics since 2004, provides both the SIM card management platform and global connectivity with a network of roaming partners. This solution is customised in close cooperation with Ericsson. You can download the full case study to find out more about this solution and the potential of the IoT for the transport industry.
Transport is just one of the many industries the Internet of Things can make a significant contribution to. The IoT can also reduce many costs in your business, so it’s important to choose the right solution. How do you make that choice? The following four questions will help you decide:
Orange offers a wide range of IoT solutions, from standardised services to customised solutions, from national applications to international ones and from small-scale platforms to comprehensive environments.
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