Placed on – 19 September 2017

Blog: Why should companies start embracing smart machine technology now?

Blog: Why should companies start embracing smart machine technology now?

Asking why you should embrace smart machine technology now is like going back five or so years and asking whether it really makes sense to get a smart phone. Like most industry observers, at Evalan we are convinced reality will soon overtake whatever hesitations there may be about the reshaping of industry by IoT. Companies that have started out on this path confirm this. So one reason to introduce smart technology is that it has done what it claimed it would do for organisations: reduce cost, improve efficiency, increase control, raise profits, raise customer satisfaction and create opportunities for new and more sustainable business models.

Answer to economic crisis

Looking at the  IoT growth expectations, IoT could be the answer to the economic crisis as expectations regarding the growth and the economic and technological impact of IoT solutions, smart factories and smart machines are high. Estimates as to IoT market growth in the coming years vary widely, but are all impressive. Leading research and consultancy company Gartner, Inc. has forecasted that 8.4 billion connected things would be in use worldwide in 2017, up 31 percent from 2016, and that the number will reach a staggering 20.4 billion by 2020.

Efficiency and energy efficiency are becoming central values

The second reason to embrace IoT is that from the many reports being published on IoT, one clear and indisputable fact emerges: IoT is unavoidable, sweeping and will bring huge changes to consumers, cities, retailers, industries and society as a whole. Even if you are not a tech company, IoT devices are going to impact how you do business.

IoT can help you adapt to changing markets

A third reason is the major role smart machines and IoT solutions can play in today’s energy challenges. Efficiency and energy efficiency are becoming central values. And as we grapple with depletion of natural resources, growing populations and growing economic demands, efficiency – and especially energy efficiency – is becoming vital to business. Experts expect global demand for energy to have doubled by 2050. For industries, cost reduction, resource management and energy efficiency are essential disciplines. Smart machines and IoT solutions can play a major role in this development.


If these reasons seem plausible to you and you would like to discover how your company can benefit from IoT, we offer a White Paper with much more information. Or you can contact us direct.


Evalan - Empowering your business with IoT

Share this article

Our success cases

Shifter – Smart time registration system

IoT solution to measure the physical load of soldiers

More Blogs

Energy & WaterIndustry

Dynamic Load Balancing for Optimization and Peak Shaving

Exceeding contract limits used to result in an automatic increase of the agreed peak power. In the age of grid congestion it can lead to contract termination and law suits.
Energy & WaterIndustry

Announcing BACE Panel for Rapid Deployment of Assets in an IoT Platform

BACE Panel has been updated with new tools such as a library of Modbus Templates. You can also store your own Templates, to make onboarding your own assets even faster.
Energy & WaterIndustry

Breaking Down your Energy Consumption with Sub-Metering

Sub-metering delivers essential information that is needed to meet ESG objectives and comply with new regulations, such as the CSRD.
Energy & WaterIndustry

IT and OT – Focus on Bridging the Gap

BACE was developed to bridge the gap between IT and OT. What does that mean and why is this relevant for you?

Remote Monitoring and Control in today’s Data-Driven World

Test your Remote Monitoring or Remote Control Use Case with a few simple steps. Benefit from years of IoT experience and eliminate the need for in-house IoT development.

IoT and the Hype Cycle – how are we doing with that?

Gartner’s Hype Cycle illustrates the journey of new technologies. Where is IoT in this cycle?

"We solve problems with IoT solutions to give your business a competitive advantage."