Industry 4.0 is radically redefining how companies conceive and manage their production processes, not only for those choosing to digitize their business with IoT solutions but also for those wanting to renew their products and explore new business models. 

In this context, Zerynth emerges as a key catalyst in enabling Industry 4.0 through product innovation for real time asset monitoring and maintenance.

In this blog post, we will explore the meaning of product innovation, the advantages of IoT in the perspective of product innovation, and analyze a case study of a customer in the elevator industry who chose the Zerynth Industrial IoT & AI platform to revitalize its business.

Product Innovation: What Does It Mean?

Product innovation goes beyond merely creating new products. In the context of Zerynth, it means embracing digital transformation through IoT solutions that enable the connection and advanced management of industrial machinery. Zerynth’s plug-and-play platform offers a fast, flexible, and secure approach to connect any machinery, paving the way for a complete transformation towards Industry 4.0.

The IoT connection with Zerynth is based on a technological stack that facilitates development, secure connection, and data analysis, allowing companies to fully leverage the benefits of IoT in the digital transformation of their industrial processes. Once the connection is established, Zerynth enables the collection and analysis of data from connected devices. This data can be used to monitor performance, implement predictive maintenance, and continuously improve products and services.

Advantages of IoT from Product Innovation Perspective

Product Innovation, or the transformation of your business, by integrating, for example, IoT connectivity, is a crucial step for companies looking to remain competitive in the digital era. The integration of IoT in this context offers several advantages:

• Remote Asset Management in After-Sales: Zerynth enables companies to efficiently and remotely manage their machinery assets. This not only optimizes daily operations but also opens new possibilities for monitoring and predictive maintenance, reducing downtime and improving overall productivity.
• Remote and Real-Time Monitoring: Through IoT connection, Zerynth provides advanced monitoring support to customers. The ability to monitor machinery performance in real-time allows for timely interventions, reducing maintenance costs and improving operational efficiency.
• Continuous Product and Business Model Improvement: Real-time data collection allows for in-depth analysis of product performance. This continuous feedback enables constant product and business strategy improvement, adapting to market needs and ensuring customer satisfaction.

IoT for Machine Builders: A Key Zerynth Approach

For machine builders, the adoption of IoT is particularly significant. Zerynth offers tailor-made solutions that allow builders to easily integrate IoT connectivity into their products. This not only adds value to the machinery itself but also opens new business opportunities through innovative and personalized services. Here are some reasons why product innovation with IoT is particularly advantageous for machine builders:

• Advanced Connectivity: IoT enables builders to implement advanced connectivity in their products, enabling remote monitoring, real-time data collection, and remote asset management. This advanced connectivity opens new possibilities for machine control, maintenance, and diagnosis.
• Predictive Maintenance: IoT implementation allows continuous collection of machine performance data. This data can be used to adopt predictive maintenance, identifying potential issues before failures occur, thereby reducing machine downtime and optimizing maintenance schedules.
• Over-the-Air Software Updates (OTA): With IoT, machine builders can implement remote software updates, known as OTA updates. This allows for the improvement of machine functionalities, resolution of any bugs, and ensures that machines are always up-to-date without requiring physical interventions.
• Energy Efficiency: IoT can be used to monitor and optimize the energy efficiency of machines. This not only contributes to reducing operational costs for end-users but also aligns with growing concerns for environmental sustainability.
• Competitive Differentiation: IoT integration into machine products can serve as a differentiating factor in the market. Offering intelligent, connected machines that can adapt to specific customer needs can provide a significant competitive advantage.
• New Business Models: IoT paves the way for new business models. Machine builders can transition from a model based on selling machines to one based on providing services and solutions, opening new sources of long-term revenue.

Case Study of Product Innovation in the Elevator Industry

One of Zerynth’s esteemed clients in the elevator manufacturing industry turned to  our team to implement a comprehensive IoT solution focused on real-time and remote monitoring of assets in after-sales and full integration with the management system. Among the challenges faced was the remote management of a heterogeneous elevator fleet to:

• Manage maintenance based on actual usage.
• Obtain real-time operational data analysis.
• Introduce a competitive new product to the market.

Installing the Zerynth Platform and IoT connectivity on their assets yielded significant results. These included continuous monitoring of elevator control panels, full integration with the existing management system, and a significant reduction in unnecessary field maintenance interventions.

These results played a key role in improving operational efficiency, optimizing maintenance processes, and increasing the competitiveness of the elevator manufacturing company in the market.

Explore all other case studies on product innovation and learn how Zerynth has supported businesses in revitalizing their business through IoT technology.

Discover the Zerynth platform for Machine Builders

Zerynth presents itself as a strategic partner for companies looking to embrace Industry 4.0 through product innovation. The integration of IoT solutions opens new frontiers for operational efficiency, advanced support, and continuous development of products and business.

Product innovation with IoT is particularly advantageous for machine builders, enabling them to improve machine performance, offer personalized services, adopt more efficient maintenance practices, and adapt to changing market needs, contributing to greater competitiveness and business success.

Interested in delving deeper into the topic? Visit our website and schedule a non-binding meeting with one of our IoT experts!