As the IoT expands and billions to trillions of sensors are deployed globally, it’s one thing to receive data from all of them and another to monitor their condition and functionality. Monitoring sensor power sources, levels, and quality is yet another factor. One thing they all have in common is the associated costs related to monitoring and collecting data.
Although you cannot totally eliminate the cost of monitoring in the field, even if you did, there would still be taxes to be paid. You can however minimize those costs. Obviously, with the level of sensors in the field, you wouldn’t, better yet, you can’t go out and check on them individually and in person. Having a good remote monitoring strategy will save both money and time. It will also improve your quality of life, even extend it a few years.
One way to get a good handle on this concept of remote sensor monitoring is to get some good advice from an expert on the topic. And you can do so quite easily and more affordably than if you tried to figure it all out by yourself.
On Wednesday, October 17, 2018 at 10 AM, at Sensors Expo Midwest in Rosemont, IL., Ed Crowley, founder of predictive analytics company Virtulytix Inc., will deliver a presentation aptly titled, “The Good, Bad and Ugly: Using Remote Monitoring, Sensor Data from IoT Devices, and Predictive Analytics to Dramatically Reduce Costs.” The session is essentially a case study describing the journey in developing and implementing a solution to accurately predict replacement timing for items consumed by large IoT device fleets.
The session examines the development challenges and benefits associated with this solution by examining a real customer case study. This frank assessment of what went well and what didn't will provide meaningful learnings for both solution developers and potential customers for these solutions.
Ed Crowley is a successful entrepreneur with tenures at Lexmark and Texas Instruments. Most recently, Mr. Crowley founded Virtulytix Inc., a producer Predictive Analytics solutions. Virtulytix provides applied analytics solutions to optimize Industrial Internet of Things (IIoT) assets by deploying prescriptive service, predictive logistics and inventory optimization, and manufacturing quality. Virtulytix is an IBM Watson IoT Advanced Analytics development partner and has patented a unique solution for true just-in-time supplies/inventory replenishment named SuppliesIQ. He is a thought leader in servitization, product development, strategic marketing and predictive analytics.
Crowley holds a Bachelor of Science Degree from the University of Missouri (Agricultural Economics Major, Computer Science Minor) and a Master of Business Administration from the University of Mary Hardin-Baylor. He is currently pursuing his doctorate degree in business at the University of Manchester in Manchester, England. He is also Certified New Product Development Professional (NPDP).
Alright, you’re looking at a billion+ sensors, cross eyed and wondering what to do with them. Rather than see an optometrist, you can easily acquire the knowledge you need via two easy steps:
- Register for Sensors Midwest 2018.
- Attend the “The Good, Bad and Ugly: Using Remote Monitoring, Sensor Data from IoT Devices, and Predictive Analytics to Dramatically Reduce Costs” session, Wednesday, October 17, 2018 at 10 AM.
And while you’re at it, checkout the conference schedule for related sessions and the exhibitor lineup for presentations of the latest sensors and sensor-related products plus a plethora of other technologies.