Podcast: Play in new window | Download (Duration: 13:03 — 5.3MB)
There are companies that are not in the business of equipment manufacturing and sales that sell products focused on increasing the productivity and profitability of the equipment. Using these products it’s now possible to know not only where a machine is at all times, but to also know in real time its fuel use, most recent maintenance service, and a wealth of other vital statistics. This information is increasingly valuable because it is fed into an enterprise accounting system as it is gathered.
An effort that has been underway by equipment manufacturers for several years, called telematics, is another form of data aggregation that is more specifically designed for the information needs of the manufacturers and dealers. There are similarities in the kinds of data being gathered using telematics, and that being gathered by third parties. I explore some of the differences between the two in this podcast with Brad Mathews, vice president of marketing for Dexter + Chaney, developers of the Spectrum Equipment Service System. Listen in above.
