IoT Turning Products into Information Services via the Cloud – A Guest Commentary in Sandhill.com
In my previous commentary in Sandhill.com, I identified four levels of value that can be derived from the rapidly evolving Internet of Things (IoT). In THINKstrategies’ latest post in Sandhill.com, I provide a real-world example of how traditional product companies can redefine their business by capitalizing on the data produced by their products via the cloud.
en-Gauge Inc. is a family-owned business based in Rockland, Mass., which manufactures pressure gauges for safety devices such as fire extinguishers and defibrillators. Over the past 40 years since its founding, en-Gauge’s products evolved from mechanical gauges to digital gauges. The company recently introduced a new generation of sensor-based, cloud-connected gauges that will significantly change the nature of the company’s business.
Click here to read how en-Gauge’s move to the IoT via the Cloud is fundamentally changing the nature of the company’s business and exponentially expanding its addressable market opportunities.