Rise of IoT83 with the Industrial Transformation

In the intricate world of Original Equipment Manufacturers (OEMs), a familiar challenge has persisted. Technological advancements, while imperative, demand a substantial investment. A staggering 80% of resources, effort, and time are typically dedicated to constructing the foundational platform, leaving a mere 20% for the critical applications that underpin OEM success.

Against this backdrop emerged IoT83—a visionary product company attuned to the heartbeat of the industry. Recognizing the need for a transformative solution, IoT83 introduced Flex83, an OEM's Enterprise Domain Cloud (OEDC).

Flex83 isn’t just a product; it is a revolutionary concept dedicated to reintroducing the dynamics of OEM operations. Flex83 introduced a shift in the paradigm. No longer burdened by the colossal task of investing 80% in building the base platform, OEMs received an impressive 83% running start. This meant that a significant 83 cents of every dollar spent could be directly channeled into the industrial applications fueling the success. Components Accelerating Business Transformation for OEMs

Application Suite: OEMs found themselves with the liberty to allocate a staggering 83% of their resources directly into applications like APM (Asset Performance Monitoring), ARM (Asset Remote Management), Predictive Maintenance (PdM), Condition-based maintenance (CbM), Artificial Intelligence for IT Operations (AIOps), etc. The focus shifted from the groundwork to the impactful drivers of success.

IoT Integration Mastery: The IoT platform seamlessly connected industrial devices, unlocking invaluable insights that empowered decision-makers. No longer bound by the intricacies of infrastructure, OEMs could delve into the transformative potential of their data.

Low-Code Development: The powerful low-code platform became a catalyst for rapid development. Time and resources were no longer entangled in the complexities of building; they were now invested in the swift creation of innovative solutions.

Optimized UI/UX Design Library: The UI design library ensured that user-centric applications took center stage. The emphasis shifted from the aspect of functionality to an efficient user experience.

Accelerating Innovation: SDKs became the accelerators of custom application development. OEMs can now ride the wave of innovation, staying ahead in a competitive landscape.

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Building Blocks: Microservices APIs and Infrastructure as Code (IaC) streamlined implementation, reducing the burden of the foundational 80%. The focus shifted from constructing infrastructure to building success.

Industry leaders across the OEM spectrum found a resonance in this journey

·?????? Product Management Leaders: With an 83% running start, product launches weren't just efficient; they became transformative, driving success and innovation.

·?????? Business Heads, CXOs: Flex83 became a strategic ally, unlocking the potential for cost efficiency, operational excellence, and heightened market competitiveness.

·?????? Engineering Heads: The power of low-code development and microservices APIs empowered engineering heads to focus on innovation, unburdened by the intricacies of infrastructure, technical debt, security, and compliance.

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Real-world success stories became the chapters that illustrated the impact of Flex83. OEMs, no longer tethered by heavy investments in base platforms, redirected resources toward applications that yielded tangible benefits - not just operationally but financially.

The future, guided by IoT83 and Flex83, promises continuous innovation for the manufacturing spectrum. The roadmap ahead asks for business transformation, introducing new features, and staying ahead in the dynamic landscape.

The call to action now resonates and urges OEMs to embark on this transformative journey, where an 83% running start meant that every dollar spent became a strategic investment in applications. The potential for an 830% impact on operations stands profound with Flex83. Channeling the cost savings into building solution revenue. In a five-year horizon, OEMs could transition from a 2.5X valuation in traditional hardware to an 8.3X or 830% valuation by achieving a 50% gross margin play year over year.

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CISCO Business Transformation Journey

Back in 2005, Cisco, under the leadership of John Chambers, took some bold steps looking at the market conditions and its transformation projections.

Fast forward to 2016, the story of IoT83 and Flex83 became a beacon of hope for OEMs seeking a transition from traditional hardware businesses to OT transformation. The narrative echoed with the transformation story at Cisco (Key player of the IT transformation journey) by shifting from Hardware centric approach to solutions centric organization — investing in UCaaS for collaboration and enterprise networking solutions like SDWaN and? SaASE for data security. Since then, Several ERP/CRM players transformed their BT (Business technology), where investment in technology became synonymous with building success. The journey has just begun, and the possibilities are limitless.

Key Takeaways for OEMs from the CISCO’s Transformation Strategy

·?????? The corporate team at Cisco has always kept a close eye on market conditions and emerging areas.

·?????? From 2005 onwards, the top leadership at Cisco was keenly aware that the technology market was slowing down, especially in the hardware sector.

·?????? As a result, Cisco began its transition from a producer of hardware devices to becoming a provider of a wide range of software products and services.

·?????? The company moved away from the production of routers and processors to offer software solutions to its clients.

·?????? It could not have been possible without Cisco's expansion into emerging areas such as network management, intelligence, OT/IIoT, and security.

·?????? Entry into these new areas helped the company provide new services, including products for both physical and virtual networks.

·?????? Some of the new services included cyber security services, data analytics capabilities, and network management solutions.

The strategy proved to be successful and Cisco’s revenue growth in 10 years was approximately $14.6 billion. Total revenue stood at $25.8 billion in 2005. It increased to $40.4 billion in 2010 and peaked at $58 Billion in 2023.

It’s time for Industrial OEMs to get OEDC (OEM Enterprise Domain Cloud) today and accelerate business transformation to achieve the 830% growth.