IIoT Digital Platform Sustainability Go-To-Market Strategy
Project scope
Categories
Market research Marketing strategySkills
marketing strategies strategic planning industrial internet of things (iiot) target market go-to-market strategy sales construction internet of things (iot) dashboard oil and gasWe are looking to develop a product and go-to-market strategy for our newly created digital IoT platform, specifically around the creation of a sustainability/carbon usage application. We are already launching an Asset Health IIoT solution for our parent, Hitachi Construction Machines, but the platform has an ability to sell beyond our traditional mining market, and via new partners. The company has a well established strategic plan that will be shared in detail, but needs to examine all the commercial and strategic aspects of generating new revenues into brand new markets. With this particular case, we want to look at opportunities with new partners (including one being developed with Shell Oil) on using data from Hitachi mining and construction equipment (and other OEM equipment in mining, construction and other industries), to create a dashboard reporting on sustainability measurements like fuel consumption, carbon utilization and other metrics that provide insight into achieving environmental goals. We would like to collaborate with students to understand what solutions we can create from the information on the machine, what potential partners may already be doing in this area that we can integrate with, and the go to market strategy on partners and channels that can help sell to select target markets.
Students should be prepared to:
- Develop a strategic plan with recommended new target markets and sustainability offerings
- Examine potential competitors/partners in related industries that offer sustainability measurement solutions
- Develop a promotion and marketing strategy tailored towards that recommended target markets
- Identify key commercial success factors given new markets and potentially new sales channels
About the company
Wenco International Mining Systems Limited (Wenco), is a major provider of data technology to the global mining industry. Since its inception in 1987, the company has acquired over 30 years of experience in developing fleet management systems and mining software technology. Wenco was acquired by Hitachi Construction Machinery in 2009. Headquartered in the Vancouver area suburb of Richmond, British Columbia, Wenco operates offices on five continents and over 150 installations worldwide, helping mining customers raise productivity, decrease operating costs, extend the running life of mining equipment, improve mine safety, and increase the efficacy of decision making. Wenco has entered a period of rapid growth, but with that growth comes a number of major strategic challenges surround all aspects of its business. The company would like your support in addressing those challenges.