Summary
This technology brief discusses the transition of original equipment manufacturers (OEMs) towards new revenue models using low-code software solutions, particularly in the context of Industrial Internet of Things (IIoT) technologies. It outlines how companies like Fairbanks Morse Defense (FMD) leverage IIoT data through Exosite's ExoSense Condition Monitoring Solution to provide additional services such as machine data access and augmented reality training modules. The document details the components of Exosite's remote monitoring solution, including the Murano IoT platform and ExoSense software, which facilitate data ingestion and management. It also emphasizes the operational efficiencies gained by companies that adopt these technologies, allowing them to reduce service calls and proactively address machine issues. Furthermore, the brief highlights the growing importance of edge computing and localized data processing as businesses increasingly seek to implement IIoT solutions, particularly among small to medium-sized enterprises. The role of partnerships in integrating IIoT solutions is also discussed.
