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Equipment as a Service” (EaaS) is a business model in which a company rents or leases equipment to customers on a pay-per-use or subscription basis, rather than selling the equipment outright. This allows customers to access equipment on an as-needed basis.
EaaS is a rapidly growing trend that is changing the way businesses acquire and use equipment. With this model, businesses can access the equipment they need without the burden of ownership and can achieve specific outcomes through the use of EaaS models.
The world is witnessing a fundamental shift from owning machines to pay-per-use models. Many of us use Netflix, Canva or Spotify instead of purchasing licenses. The rise of the Equipment as a Service (EaaS) model is changing and will disrupt
Equipment theft can result in lost productivity, downtime, replacement for rented equipment, higher insurance premiums, and even damage your company’s reputation with customers, causing you to lose business to your competitors.
Distributed asset management is the process of monitoring, managing and maintaining these assets. This is especially important as these industries rely heavily on their asset and machines to make money—and if the machines stops working, they can’t make money resulting in huge financial losses.
IoT solutions can be used to enable remote health monitoring of generators to predict any sudden failure and prevent any tampering or pilferage. “A smart monitoring solution will improve the reliability and performance of diesel generators by helping DG owners identify and overcome such problems.”
Fuel level sensors are used to monitor fuel levels in fuel tanks of various kinds of vehicles, locomotives, ships, vessels etc. It can also be used to monitor the fuel of static heavy equipment’s such as generators and gas station tanks. Soaring fuel prices are forcing fleet owners and asset managers to adopt fuel monitoring solutions that help reduce fuel-related costs.
Fuel is one of the most expensive expenses in any asset intensive industry. On an average, the operational costs attributed to fuel can be anywhere between 60-80 % depending upon the type of industry. For efficient asset management, asset owners must cover the extra mile to improve their business efficiency and cut fuel costs.
For any rental business equipment’s are not just costly but also are a direct source of their revenue. Hence it has become more and more important for them to gather data about their equipment availability and usage to improve their asset uptime, longevity, and performance.
DG Monitoring System helps optimize the performance of generators by remotely monitoring a wide variety of parameters using IoT and analytics. The solution integrates with smart sensors and devices to efficiently monitor key parameters and send alerts/notifications whenever an anomaly is detected.