Understanding customers better - the key to success
A deep understanding of customer needs is now more crucial than ever. Companies that know what their customers want can tailor products, services and customer experiences. But how do you gain this knowledge? The answer is IoT technology. The Internet of Things (IoT) makes it possible to collect and analyze usage data in real time. Connected devices, machines and products continuously provide information about how, when and why customers use them. This data opens up new opportunities to understand customer behaviour, personalize service offerings and strengthen customer loyalty.
HowIoT data improves customer understanding
1. usage analyses in real time
IoT devices record how customers actually use products - from frequency of use to preferred functions. Companies can use this data to analyze actual customer behaviour. This enables targeted product adjustments and the development of new, customer-oriented features.
2. early identification of customer problems
By monitoring machine statuses in real time, potential problems can be detected at an early stage. Predictive maintenance enables companies to rectify faults before they occur. This minimizes downtimes and improves customer service.
3. personalized services and product recommendations
By analyzing IoT data, companies can create customer profiles that provide information about individual preferences. This makes it possible to create tailored offers and personalized recommendations. This promotes customer loyalty and opens up cross-selling and up-selling potential.
4. improvement of customer communication
By linking IoT data with CRM (Customer Relationship Management) systems, companies can develop targeted communication strategies. Notifications, reminders or recommendations are sent to customers at relevant times - for example, maintenance notifications or product updates.
5. data-driven product development
Customer data from IoT devices helps companies to optimize product development. Companies can identify which functions are most frequently used by customers and which are less relevant. This saves development resources and ensures that new products precisely meet customer requirements.
IoT for various industries - how companies benefit
1. mechanical engineering & industry
In mechanical engineering, IoT enables predictive maintenance, which reduces downtimes and improves customer service. Companies can identify which machine components fail most frequently and can further develop their products in a targeted manner.
2. consumer goods industry
Manufacturers of smart devices (such as household appliances or wearables) gain insights into customer usage patterns through IoT data. This enables the development of more user-friendly products and offers potential for personalized recommendations and cross-selling.
3. logistics and transportation
In logistics, IoT helps to track delivery times in real time and make predictions. Logistics companies can identify bottlenecks at an early stage and plan delivery times better, which improves the customer experience.
4. energy and utility companies
IoT sensors measure customers' energy consumption in real time. This enables personalized tariffs and targeted energy-saving measures.
How IoT becomes a competitive advantage
Companies that understand their customers better not only make better decisions - they also remain competitive. IoT data enables a 360° customer view that traditional methods cannot offer. By combining predictive maintenance, personalized offers and data-driven product development, companies increase customer satisfaction and loyalty. With IoT, customer issues can be identified and resolved early and companies can proactively respond to customer needs. At a time when customer expectations are rising, this is a decisive competitive advantage.
About cap-on
cap-on is a FinTech company founded in 2021 with a focus on industrial Asset-as-a-Service (AaaS) solutions. With innovative IoT solutions, cap-on enables companies to better understand their customers and optimize their processes. By using IoT data, cap-on offers the opportunity to analyze customer usage in real time, detect problems at an early stage and implement predictive maintenance. Companies can better understand the use of their machines, systems and products, offer personalized services and drive their product development based on data. cap-on supports companies in building a smart IoT infrastructure that paves the way to better customer understanding. From the provision of IoT gateways to real-time analysis in the cloud - with cap-on, companies can exploit the full potential of IoT.
Instead of buying expensive machines, companies are increasingly turning to pay-per-use models. However, the introduction of a pay-per-use model is associated with challenges.
Investors, customers and regulatory requirements demand transparent ESG reporting. But how can CO₂ emissions, energy consumption and resource efficiency be recorded precisely?
More and more companies are relying on IoT technologies and IoT hubs to connect their machines, systems and production processes. But what are the benefits of such a data hub?
Digitalization is becoming increasingly important for SMEs in order to secure their position in the market. But how exactly can SMEs benefit from IoT and what advantages does the technology offer?
How can banks, leasing companies and insurance companies benefit from asset risk monitoring via IoT technologies?
Hacker attacks on industrial plants can have devastating effects. But how can companies protect their machines and systems from cyber threats?
Pay-per-use models are particularly attractive for growing companies - but why exactly?
Remote servicing is becoming increasingly popular as it offers many advantages. But for which companies and industries is remote servicing particularly suitable?
AaaS is often classified as "too expensive" because only financing costs are compared. Only a comprehensive TCO analysis reveals the many advantages.
Partnership Staufen.ValueStreamer GmbH, ClimateGrid and cap-on: working together for effective sustainability management
cap-on was given a factory tour of the ThyssenKrupp Automotive Body Solutions plant in Heilbronn.
Despite the limitless flexibility that today's work structures make possible, regular personal exchange offers many opportunities.
%20Gro%C3%9F.png)
thyssenkrupp Automotive Body Solutions and S.D.L. Süddeutsche Leasing AG are investing in the fintech company cap-on.
cap-on and Neoloan agree on a strategic partnership.
"The Ruhr Group's body plant engineering subsidiary wants to offer its customers new financing models. In doing so, she is focusing on the trend towards a factory on a subscription basis."
Led by partner Dr. Kai-Klemens Wehlage, honert provided comprehensive legal advice to cap-on GmbH on a financing round.
Joint pay-per-use tool financing project with EGA and SDL AG
By developing our LiOT platform for equipment-as-a-service, including the risk model for asset financing, cap-on was able to qualify for a research allowance.
We are pleased that, together with our partners from thyssenkrupp Automotive Body Solutions, we have successfully completed the technical connection of another asset.
cap-on Co-Founder Andreas Müller with Stefan Kober (Co-Founder Primepulse SE) visiting the World Economic Forum in Davos.
As an asset-as-a-service provider and orchestrator, we are proud to be able to offer the necessary technical infrastructure in-house.
The cap-on IoT hub is the central web platform for controlling your subscription assets.
At the end of June, the Berlin cap-on tech team was at hub.berlin 2022 - "The business festival for digital movers and makers"
Welcome to our Berlin office!
We were delighted to brainstorm with Falk Nüssle about the joint strategic goals and practical needs following the 5th advisory board meeting of cap-on GmbH.
Asset-as-a-service from a CFO perspective: What advantages does managing director Rainer Dieck see in the cap-on business model?