Generate subscription revenue from traditional products

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Connected Product Examples

The Internet of Things is changing what customers expect from your products.  Connecting your products to the internet creates opportunities that  generate new revenue and optimize operations

Smart Fridge
Connected HVAC
Smart Kiosk
Smart Fridge

New Revenue Opportunity:

Business Applications

  • Remote Service & Warranty
  • Food Safety Audit Application
  • Inventory Control Application
  • Remote Monitoring mobile app
  • Energy Savings Profiles

New Revenue

  • + 5%
  • + 5%
  • + 8%
  • Free
  • Free

Total Increase on Commercial Freezer:
18%+ from base model

Connected HVAC

New Revenue Opportunity:

Business Applications

  • Remote Service & Warranty
  • Food Safety Audit Application
  • Inventory Control Application
  • Remote Monitoring mobile app
  • Energy Savings Profiles

Total Increase on Commercial Freezer:
18%+ from base model

New Revenue

  • + 5%
  • + 5%
  • + 8%
  • Free
  • Free
Smart Kiosk

New Revenue Opportunity:

Business Applications

  • Remote Service & Warranty
  • Food Safety Audit Application
  • Inventory Control Application
  • Remote Monitoring mobile app
  • Energy Savings Profiles

Total Increase on Commercial Freezer:
18%+ from base model

New Revenue

  • + 5%
  • + 5%
  • + 8%
  • Free
  • Free
“Early adopters are realizing the advantages. The average revenue increase achieved from  IoT solutions was 15.6 percent, with some achieving gains as high as 64 percent.”
IDC Research

Three main use cases for connected products

To capture your share of this market by offering connected products, clarifying the right use case is the first big step. There are three main approaches: monitoring, control, and automation.

Monitoring

Tracking a product’s condition, environment, and usage to enable performance optimization, alerting, and automated maintenance scheduling. For example, Digital Check is constantly send data to the cloud, enabling banks to identify and fix issues without involving the end user.

Control

Remotely changing a product’s state or causing it to take an action. Kodak Alaris, the largest operator of self-service kiosks, remotely installs software capabilities, and instore promotions without involving retail employees.

Automation

Enabling products to coordinate and act without human intervention. CIVIQ has developed end-to-end automation  enabling support teams to completely control and automate running modes from H.

Companies that connect products using IoT can offer new product features and create new revenue streams. They use the data collected to personalize customer experiences, increase reliability, reduce costs, and learn how products can be improved.

Businesses that once sold only physical goods are adding IoT-driven services to the mix, creating new lines of business by monetizing data or offering predictive maintenance. Internally, the data from connected products can drive new innovations based on usage insights — such as the way Rolls-Royce feeds data from its connected jet engines to its design and engineering teams.

Benefits

Companies are creating connected products to help them

  • Generate new revenue streams
  • Build stronger relationships with customers
  • Become more efficient

9 ways to generate value by adding connectivity to your product

Speak to IoT Expert about financial

success for your Connected Product

Overwhelmed with technology options?

Speak to a technology expert who knows about connectivity, hardware or software options

“ Kodak is the global leader in retail photo kiosks and with the  improvements introducedtoday, we are confident that we will assist  the industry in meeting consumer demandwhile providing  retailers with continued growth and profitability. ”

Nicki Zongrone, General Manager, Worldwide Kiosk Systems and Services,  Eastman Kodak, Rochester, NY

View Case Study

The Connected Product Journey

The journey to creating a connected product often pushes company out of their comfort zone; doing new things for the first time. Often they work on these questions on their own:

Esprida is your trusted technology expert; we have been deploying connected  products solutions since 2001, and across many industries.

Implementation Plan

Traditional methods are insufficient to handle the complexities of most loT projects. Our lean approach is a far more practical and effective development framework and it works! We help you: identify a measurable opportunity; validate feasible solutions and eliminate risk as fast as possible.

  • Define Product Concept

    Esprida can help you create business strategy, help determine pricing models, and mobilize internal team to provide remote business services

  • Create Roadmap Plan

    Esprida supplements your internal team and industry knowledge with Lean IoT Methodology™ that controls costs and achieves business validation quickly.

  • Build Connected Product

    Esprida has prebuilt technology accelerators, hardware, and connectivity to build prototypes quickly.

  • Measure Feedback and Learn

    Update product roadmap and plan based on quantitative and qualitative feedback from users and buyers.

Schedule a call

to accelerate your product development

Esprida has been connecting products to the internet since 2001; we process over 1 million product  messages every hour.