Checkit announces the launch of a new product, Asset Intelligence. This product module applies advanced analytics and Machine Learning to IoT data which will help enhance customer sustainability, reduce costs, and improve revenue. Asset Intelligence analyses the condition of monitored appliances to predict issues before they escalate.

It also identifies operational inefficiencies and provides greater visibility of asset performance. Pre-launch trials with multiple customers have demonstrated a positive impact on energy consumption, asset lifecycle costs, and operational efficiency. Analysis, based on trials to date, indicate customers should expect at least a 50% improvement on their ROI of Checkit's IoT sensors and substantial reductions in CO2.

Asset Intelligence will be promoted as an additional chargeable service to existing customer base during this financial year and is a competitive differentiator.