Gartner Research

Use the IoT to Optimize Operating Costs and Maximize Asset Utilization

Published: 05 April 2017

ID: G00307983

Analyst(s): Nathan Nuttall , Alfonso Velosa

Summary

IoT solutions can contribute to cost optimization initiatives, such as improving consumable item utilization and asset productivity efforts, to make enterprises more competitive. CIOs must be proactive and strategic in efforts to use IoT technologies to drive business cost optimization.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Leverage Clear Objectives to Use IoT to Improve Processes
  • For Asset-Centric Enterprises, Focus on Asset Optimization Improvement

Case Study

  • Kone Focuses on Improving Its Customer Service Operations
  • Pitney Bowes' Cost Optimization Example
  • Petroflow Energy Reduces Operating Expenses by 43%

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