Schaeffler selects Wapice IoT-TICKET® as its global IoT platform

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The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. Its portfolio includes high-precision components and systems for engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. To leverage the benefits of the Internet of Things (IoT), Schaeffler selected Wapice IoT-TICKET® as their IoT platform. The feature rich technology stack of IoT-TICKET® is utilized as a foundation to create new solutions and digital services for Schaeffler’s industrial customers.

Schaeffler digitizes its services with IoT-TICKET®

Schaeffler recently launched OPTIME, a new and innovative solution utilizing battery powered, wireless mesh network sensors connected to the cloud for advanced condition monitoring. The comprehensive and automated condition monitoring solution is highly scalable and extremely easy to install and use. Schaeffler's customers can easily integrate several hundred assets in a single day. All the benefits create cost savings of up to 50 percent compared to manual offline measurement.

Wapice provided IoT-TICKET® as a backbone for Schaeffler’s long-term IoT offering. IoT-TICKET® is an end to end IoT Productivity Studio which allows the creation of massive-scale, production-grade IoT applications quickly and easily to significantly reduce time to market and increase innovation potential for its users. The first solution, called OPTIME, was done in close collaboration between Wapice and Schaeffler experts; co-created from concept to implementation.

“Working with Wapice has been very exciting, productive and professional and they have been an integral part of our own team”, says Richard Haagensen, Ecosystem and Partners Program Manager at Schaeffler.

We selected IoT-TICKET® as it is a market proven industrial IoT platform easy adaptable through the highly skilled Wapice team for our needs, with a business model that well fits our solution and service business.

Richard Haagensen, Ecosystem and Partners Program Manager, Schaeffler

Dr. Pasi Tuominen, CEO Wapice, explains that “Wapice is extremely pleased and honored with the cooperation as it has been a great example of co-innovation. With IoT-TICKET® and our services Schaeffler has been able to quickly transform ideas into products that will have global impact”. He also emphasizes that “this case is a great display of Wapice’s values of succeeding together with our customers”, and continues that “OPTIME has been a great first product for Schaeffler and we are looking forward to seeing many more Schaeffler IoT products and services launched in the future”.

The Schaeffler Group is a leading global supplier to the automotive and industrial sectors. The Group's net sales in 2019 were approximately EUR 14.4 billion. Schaeffler is one of the largest family businesses in the world with about 86,500 employees. Schaeffler has a global network of manufacturing facilities, research and development centers and sales companies, with a total of 170 locations in 50 countries.

Wapice is an award winning Finnish IoT, Industry 4.0 and AI company supporting companies on their digitalization journeys. Established in 1999, Wapice employs over 340 software and electronics experts in Finland. Wapice creates a smarter future today.

Article image: © Schaeffler