Field Service News Research identifies trends amongst field service organisations and the Internet of Things when it comes to the KPIs...

A recent Field Service News Research has taken a deep look into how field service companies are continuing face up to the challenge of harnessing the vast amounts of data they are accessing each day... 

The Growing Dual Challenges of Data in Field Service... 

In a recent article for Field Service News Research, Kris Oldland explored some of the key findings their current research into the use of KPIs amongst field service organisations has revealed when it comes to analysing,  interpreting and reacting to data...

"In today’s connected world, there is just simply so much data being created that we are very much in danger of being overwhelmed and consumed by it unless we are not careful." Oldland wrote. 

"Paralysis by analysis can be a genuine issue that can stifle innovation. In a customer-orientated world, the ability to adapt quickly is becoming a crucial aspect of modern business. Yet, at the same time, so is the increasingly hackneyed phrase ‘data is the new gold’."

"The ability to be able to monitor, measure and then dissect each aspect of our operation - whether it be internally within our teams and operations or externally with regards to our customer interactions, can offer us the ability to leverage vast amounts of untapped insight into our businesses that can literally open up new revenue streams, or at least maximise to the fullest potential those we already have in place," he continues.

Some of the headline findings within the research which Oldland explored within the article include: 

• 67% of field service companies are now using IoT to provide data from assets in the field.
• 72% of these companies are using data from connected assets to predict failure and schedule maintenance around this data
• 54% of these companies can interpret data from assets in the field when providing triage
• 23% of these companies factor this data into the way they analyse field service KPIs

To find out more and also discover the impact of servitization on the KPIs field service companies are measuring check out the latest analysis from Field Service News Research visit https://research.fieldservicenews.com/drownin-in-data-or-gold