Service revenue has been the most important contributor to the bottom line for many dealers. When a strong demand for equipment coupled with a shortage of new equipment, service becomes even more important. That is the world we live in today. Preventative Maintenance Contracts – A Necessary Hero PM contracts/agreements is a part of the
The Hidden Revolution in the Equipment Industry Technology is driving a revolution in the equipment industry we can easily see: grade control, idle tracking, fault codes, autonomous equipment, electrification, etc. While the advancements are amazing and will continue to be, dealers are noticing brand differentiation becoming more and more of a challenge. In this margin-conscious
Do the construction and heavy equipment industries lag behind the agriculture and automotive industries in digitization and modernization?
The construction and heavy equipment industries are lagging behind automotive industries in digitization and modernization and only slightly so comparing to the agriculture world. There are many reasons why. The Heavy Equipment and Construction Industry: An Overview Agriculture Vs. Construction Industry Automotive Vs. Heavy Equipment Industry Unique and Customized Projects Shortage of Skilled Workers
The construction industry hasn’t been the early adopter of IoT (Internet of Things) solutions. In many cases, investors and project managers are a bit wary about implementing new technology, whether that’s because of tight project timelines or uncertainties about the efficiency gain. However, a quick look at the statistics shows that it won’t be
Have you ever spent time thinking about what the job site of the future might look like? When artificial intelligence (AI) is combined with telematics and robotics, it could be much different from today’s typical job site. Stanford University has released a report that shows AI will soon impact almost every aspect of our lives.
Telematics is a powerful technology that makes it possible to monitor a wide range of assets. This could include cars, trucks, heavy equipment, fleet vehicles, and more through the use of GPS and onboard diagnostics. Many types of companies are using telematics today. To get a better understanding of what telematics is, let’s look into