|Paul Hepperla | Vice President, Solutions Integration – Foodservice
Emerson Commercial & Residential Solutions
Join us our next E360 Webinar, “The Risks and Rewards of Connecting Commercial Kitchens” on Tuesday, December 11 at 2 p.m. EST / 11 a.m. PST.
It seems everywhere you turn and across multiple industries, companies are touting the promise that the internet of Things (IoT) will digitally transform their operations. The restaurant sector is no exception. In recent years, original equipment manufacturers (OEMs) and restaurant retailers have spent considerable time and effort figuring out how to leverage the power of connectivity in commercial kitchens.
While it’s relatively easy to conceptualize how the internet of things (IoT) could improve operational efficiencies and provide business value, bringing these ideas to fruition has proved more difficult. Too often, we see retailers make the jump to connecting assets without first having a clear idea of what problem they’re trying to solve, or how connectivity will fundamentally change the way their business operates. Then, once everything is connected, they’re left wondering: “What’s next?”
Our next E360 Webinar will examine why this is the case, and focus on how foodservice OEMs and retailers can work together to tap the seemingly limitless potential of IoT. My presentation, “The Risks and Rewards of Connecting Commercial Kitchens” will focus on these key points:
- The importance of defining the scope and purpose of your connected project
- An examination of the far-reaching and dramatic impacts to your business
- Real-world examples of successful and failed connectivity projects
- Evaluating business models that involve service contracts, recurring revenue or monetization
Another common problem with connected kitchen projects is underestimating the complexities inherent with these new business models. For example, a connected maintenance offering might require somewhat sophisticated coordination of not only OEM and end user roles, but also the inclusion of an authorized service provider. Frankly, these are the types of business relationships and interactions that are often overlooked when companies rush to exploit the power of IoT before thinking through the implications.
The webinar will look at these challenges from both OEM and retail perspectives. For an OEM, it’s critically important to understand their customers’ business needs before launching a connected initiative. Similarly, retailers need to realize that without involving and engaging their OEM partners in their connected kitchen strategy, they’re not likely to achieve the maximum potential of their IoT solution.
So, if you’re thinking about entering into a connected kitchen project or IoT business model in the restaurant sector, register now to gain a better understanding of the risks and rewards of connectivity.