Overview

The construction, mining, and agricultural equipment industries comprise high-cost equipment that addresses specific requirements and applications; however, these equipment accumulate significant operational and maintenance costs throughout their life cycles. While equipment utilization used to be a concerning metric, the growing labor shortage, reduced parts availability, and project timeline lag have given rise to solutions focusing on prognostics, asset productivity, and real-time data. The increasing focus on project deadlines and sustainability and the growing emphasis on minimizing costs have resulted in increasing customer demand for the integration of solutions to enable the tracking of heavy machinery and peripheral units in single software applications.

• What role do real-time data, asset productivity, and prognostics play in transforming equipment management?
• What growth gaps exist in the integration of tracking solutions for heavy machinery and peripheral units?
• How can the evolution of sensor technologies create new revenue streams for stakeholders in connected agriculture and pave the way for growth?

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