IoT holds so much promise – but it also exponentially multiplies the amount of data at your fingertips. The good news is that today’s technologies finally enable us to fully maximize the benefits of IoT. Cloud computing allows us to more easily digitally connect, store and extract actionable data from devices; 5G and other connecting innovations like LoraWan provides the bandwidth and low latency needed to share data from devices at the edge in near real-time; and AI and ML allows us to more readily analyze data and enable intelligent decisions.
Businesses have more opportunity than ever before to leverage IoT and data analytics to address operational inefficiency at scale, reduce costs and create new areas of growth and revenue.
But to achieve these desired business outcomes, organizations need the appropriate data insights and the ability to act on them. And most organizations need a trusted partner to help them.
A first step is to bridge data from IoT devices with data from core business systems, such as enterprise resource planning (ERP), customer relationship management (CRM) and product lifecycle management (PLM). Once that vital connection is accomplished, organizations need help ingesting, harmonizing, analyzing, visualizing and operationalizing all this data.
Only then can organizations unleash the power of IoT to innovate faster, solve problems faster, find cost-saving opportunities faster and more.
Based on the vast learnings of the IoT solution that we built to run our managed print services, the Lexmark Optra IoT Platform helps our fellow makers of connected devices operationalize their data and simplify their processes.
With the Optra IoT Platform, manufacturers can:
While we realize there are a lot of players in the IoT space, we know there aren’t a lot of proven partners. With larger IoT providers, you’ll often receive the software building blocks and a note reading, “Good luck, assembly is required!” At Lexmark, we don’t drop a solution in a customer’s lap and then walk away.
Lexmark is a true partner, helping customers chart their own business transformation with our unique software solution and the deep industry guidance of our expert consulting services. Through this approach, Lexmark is reinventing how manufacturers leverage IoT to transform business.