Internet of Things (IoT)
Smart products and IoT-based services: New business opportunities for your organization

Your IoT vision becomes reality

The Internet of Things (IoT) expands the functionality of conventional products and services with a wide range of possibilities. However, in order for sensors and actuators to generate real added value for your business, data from various sources must be aggregated, complex analyses must be performed in real time, and media breaks must be overcome. In short: exactly our thing.

We make sure that your IoT vision becomes reality. Whether you want to use condition monitoring to monitor your machines, reduce failures and downtime with predictive maintenance, or update products with over-the-air updates, we work with you to create the conditions for product-related services and new business models in the Internet of Things.

Fast track to use cases for smart products

The IoT holds great promise for many companies: from equipping individual components with sensors to creating functional digital twins, they hope to gain additional insights into the condition of their machines or the behavior of their customers, which they can then convert into efficiency gains for their own processes or value-added services for their customers.

Business value in the IoT:

  • Condition monitoring: Monitoring of transported goods, electricity meters, or fill levels using real-time data as a prerequisite for smart metering and intelligent routing
  • Predictive maintenance: Predictive maintenance for higher availability and low downtime of machines and systems at the operator's site, as well as new service offerings from machine manufacturers
  • Digital twin: Mapping of physical objects such as machines or entire production landscapes to simulate product functions in the context of development, process optimization, or holistic quality management

Project examples

BMW | Drive Now.

In order to provide the car sharing service, BMW and MINI vehicles must be equipped with a car sharing client to monitor and control vehicle use, and a distributed service infrastructure must be established between the participating partners to handle vehicle booking processes.

IndustryFusion | Open-source networking solution.

To make it easier for small and medium-sized industrial companies to get started with Industry 4.0, IndustryFusion offers an open source-based networking solution for industrial plants. To enable cost-effective, cross-vendor connection of plants regardless of their communication protocols, iteratec developed an IIoT platform that supports a wide range of interfaces.

Rösler | Anlagenüberwachung in der Strahl- und Gleitschlifftechnik.

Rösler Oberflächentechnik GmbH is the leading specialist in surface finishing using mass finishing and blasting technology and offers the world's most comprehensive portfolio of equipment, process media, and services. iteratec supported the customer as an end-to-end digitalization partner in the development and implementation of an IoT-based solution for monitoring consumables and equipment.

SWM | IoT platform.

Stadtwerke München (SWM) is one of Germany's largest municipal utility and service companies. From designing and implementing a generic IoT platform architecture to realizing individual IoT applications, such as a digital twin of Munich's water network, building monitoring for subway stations, and predictive maintenance for the e-bus fleet, SWM is shaping the control center for the city of the future. As an end-to-end partner for digital transformation, iteratec has been supporting Stadtwerke München with its IoT strategy and implementation since 2018.

What we do for you

To help you keep track of the multitude of possible business cases, platforms, and transmission channels, we work with you to develop an IoT strategy tailored to your company and quickly derive initial use cases. In doing so, we focus not only on lightweight and pragmatic implementation, but also on the scalability of your IoT applications as a guarantee for a future-proof setup. Our end-to-end approach includes the following steps:

Identify the potential of networked products and services for your own business model – e.g., in workshops with initial use cases via design thinking and other innovation methods

Technical development of your smart product application, including the creation of an IoT reference architecture and platform selection

Setting up systems for cross-departmental and interdisciplinary data use and analysis, as well as administration, controlling, and security for large amounts of data

Operation, scaling, and functional expansion of running IoT applications

Your contact

[Translate to en:] Ansprechpartner David Lane

Do you have a specific enquiry or questions about potential IoT solutions for your business? Send me a message and I’ll get back to you.

David Lane, Principal Solution Architect and IoT Specialist

FAQ

What is the Internet of Things (IoT)?

The Internet of Things (IoT) refers to the networking of physical objects, devices, and machines so that they can collect, exchange, and intelligently use data—often in real time and via edge or cloud platforms.

How does iteratec support IoT projects?

iteratec supports companies with workshops on developing an IoT strategy and initial use cases, the technical implementation of smart product applications including IoT architecture and platform selection, as well as the operation, scaling, and further development of existing IoT solutions.

What is a digital twin?

A digital twin is a digital representation of a physical object or system that uses IoT data to map its condition and behavior. By continuously linking real data and software, the digital twin enables transparency, analysis, and the digital advancement of networked systems.