Maintaining, protecting, and effectively utilizing a fleet of heavy equipment vehicles can be a substantial challenge. Mine and construction sites are often vast and remote, leaving assets vulnerable to underutilization, theft, and decay. Without reliable cellular connectivity available, options for effective monitoring of heavy equipment are severely limited. This webinar will take a deep dive into how IoT monitoring can reshape heavy equipment monitoring to drive better insights and improve operational efficiencies.
Capital-intensive industries need to reduce costs where possible. This is highlighted in mining, where profit margins average about 2% of revenue, and in construction, where idle times average 36%. Myriota’s anywhere connectivity promises better economics on work sites by capturing more equipment data and performance indicators. From brake heat temperatures and fuel usage to idle time and machine health, equipment monitoring is a fundamental tool to ensure machinery is running at peak performance for optimal asset utilization.
In fleet management, it’s vital to track the movement and condition of goods across continents, but doing so presents significant challenges, such as cellular black spots. This is particularly true in remote areas like mine sites.
Responding to this need, INCYT created the Andromeda, a battery-powered tracking device featuring a four-way hybrid communications capability comprising WiFi, Bluetooth, cellular (LTE-M), and satellite to guarantee anywhere connectivity.
In selecting Myriota connectivity, INCYT CEO Adam Schindhelm stated, “Myriota was an obvious choice as the leader in ultra-low-power satellite connectivity designed specifically for IoT. We could see there was a challenge in the tracking industry where current options rely on LTE-M or more costly methods that often require external power.”
Myriota’s anywhere connectivity also reduces the need for manual equipment monitoring, a significant issue causing project delays and cost overruns in the construction industry, saving time and resource expenditure. Operators today that have more than 50% of their vehicle fleet connected not only reduce equipment downtime and increase insights on their fleet, but they also see a 23% better financial performance versus their peers that don’t have connected fleets.
With actionable data, you can extend the life of your heavy equipment, eliminate unnecessary service costs, and increase the recovery rate of vehicles lost through theft. High-quality monitoring will tangibly improve businesses and provide a better customer experience.
Learn more about Myriota and our Ecosystem of Partners solving previously impossible uses cases with anywhere connectivity for the IoT: https://myriota.com/