Technology is changing fast, what was once a novelty is now a must have device for business. Businesses now rely on smart devices out in the field and cloud services to house their mission critical data–something that was not heard of a couple of years ago. So what is the next technological revolution? And more importantly how will it change the equipment rental business?
IBM asked more than 5000 C-level executives in 70 countries which technology they think will be important in the next 3 to 5 years. Most agreed that cloud computing and mobile services will remain at the top, but the internet of things will begin to shape our future.
If you are not already hosting your rental software in the cloud, 2016 might be a good year to look at this alternative (read about how Cresco Equipment Rentals moved their ERP to the cloud).
As for the internet of things? IoT is defined as the network of physical objects or things embedded with electronics, software, and network connectivity which enables these objects to collect and exchange data. Many rental companies are already deploying IoT with their telematics devices. Telematics is a powerful way to track your equipment to reduce theft, improve your maintenance planning and managing your fleet. Talk to us about seamlessly integrating your telematics with RentalMan to consolidate that information with your other rental data needs.
You will find more statistics at Statista