Proving the Business Case for the Internet of Things

Infor extracts value from IoT connected devices

Steve Rogerson
October 4, 2018
Infor, a New York software company, has announced Infor IoT in a multi-tenant deployment. Infor IoT provides IoT sensor data ingestion, securely and at scale, from anywhere.
The IoT sensor data are synchronised with Infor EAM asset information, bringing deeper context via blending of IoT data and asset transactional data, and delivering better exception detection, workflows, reporting, data analytics and artificial intelligence.
Infor IoT is integrated with Amazon Web Services (AWS) IoT, which lets users take advantage of AWS's scalability, stability and security. Additionally, IoT analytics are provided via Birst, a cloud-based platform for networked business intelligence.
With Birst, companies can aggregate data from hundreds of thousands of IoT devices and model them into consistent metric frameworks. This lets them track, analyse and improve operational efficiency, safety, compliance, and sales and marketing effectiveness.
"Infor will deliver a step change in complex asset management through this IoT platform, and offer its customer base something that has been unattainable in the past," said Kevin Price, technical product evangelist at Infor EAM. "With wide-reaching improvements in energy, efficiency and performance reliability, organisations can truly understand the condition of a multitude of assets in real time, through confident aggregation of different sources inside and outside a given deployment."
For example, traditionally it would be nearly impossible to understand the condition of an asset because users would need to track so much data, both historical and future. In buses, this means overlaying historical asset management, work management, reliability and sustainability data with third party sources.
These include operating statistics, climatic conditions and OEM statistics, financial sources such as cost per kilometre, depreciation, operational budgeting, replacement budgeting, and on-board data such as fuel consumption, vehicle wear, electrical and mechanical statistics, and more.
Infor says it is able to connect these dots with Infor EAM, Infor IoT, Infor Ion and Birst, putting that unattainable ideal at the fingertips of Infor users, and in a way that is easy to understand and quickly used.