Take the customer preference data you’ve acquired from real time remote monitoring that’s driving your sales and sell it to the manufacturers of those products because they want to know what customers want to buy.
Why lose a sale due to a lack of inventory when a customer can be redirected to a nearby location where their product preferences can be met.
Mashing-up products, proximity, preferences and people can lead to sales.
It started with a very manual process of people capturing meter data on paper and later transcribing it into a computer system back at the office. The mobile revolution sped things up, reduced errors and used the magic of wireless to transmit data from the meter reader’s smartphone to a computer system back at the office. With the Internet of Things you put a sensor on the meter along with a SIM card to automatically stream reading back to the office computer system.