Introduction to Internet of Things (IoT):
The easiest way to think of IoT is to consider it as a connected network of physical devices or objects. With the emergence of IoT, a traditional computer is not necessary to connect to the internet. With this new generation of IT asset tracking anything is possible. As a result, a range of physical objects can now connect, which serve a range of other purposes. For example, a forklift used to pick up and move hefty pallets is not a typical computer. Previously, there was no need to connect a forklift to the internet. Similarly, it did not store, transmit, acquire or process any kind of data related to its job or use.
By leveraging IoT in the warehouse, owners can tap into the potential of this type of data. Thus, by connecting the unconnected – vast amounts of information emerge. Indeed, with this new cognizance, owners can gain valuable insights. For example, a connected forklift can alert a site supervisor directly for a safety threat. Or, the connected forklift can use cameras to scan barcodes to keep better inventory when moving goods.
Impact of IoT in Logistics and Supply Chain:
Undoubtedly, the logistics and supply chain vertical is currently going through an evolution. One of the primary drivers of logistics & supply chain 4.0 is the technology behind the Internet of Things (IoT).
To illustrate, a report from Market Research Engine states that the Connected Logistics Market is expected to surpass over $72B by 2024. Also, growing at a CAGR of 32.5 percent from 2018 to 2024.
IoT has a proven track record of extensive return on investment in the logistics industry. These advantages extend across the whole logistics value chain, including warehouse operations, cargo & freight transportation, and last-mile delivery. These IoT solutions also increase operational effectiveness, customer experience, and scalability.
Additionally, the implementing of IoT to logistics operations assures a significant ROI. This is due to the multiple far reaching benefits of the solution. For example, businesses can track the status of assets, shipments, and workforce in real-time throughout the entire value chain. Businesses can also monitor how the assets are performing, and augment its usage in real-time. They can even integrate automation into their workflows. This helps to terminate manual interventions and aids operator’s work efficiency. Last but not least, the data generated by the internet connected device is an additional source or revenue. By analyzing trends over time, an IoT solution can guide future business processes.
IoT technologies typically fall into one of two categories: sensing and sense making. As it relates to logistics, sensing here refers to tracking and monitoring assets and resources. Various technologies can track physical assets throughout the supply chain ecosystem. By comparison, sense making indicates the processing of vast amounts of data sets that result. Ultimately, slicing and dicing this data into actionable insights to drive correct business decision making.
IoT Use-Case in Logistics and Supply Chain:
As with most technological transitions, businesses have started looking at IoT in a broader context. This has helped inspire the use of IoT in logistics. Consequently, Bridgera developed the TrackMe app as a tool for logistics companies to track assets easily with a ready made solution.
Bridgera TrackMe (Real-Time Monitoring and Asset Tracking):
Bridgera’s TrackMe solution is an IT asset tracking system built on an IoT framework. The components of the solution are a part of Bridgera’s application enablement platform. This IoT framework allows for simple and reliable integration with the potential or customization and scalability.
TrackMe is a white label solution, which makes next-generation driver and fleet tracking even easier to implement. Bridgera’s team of experts from around the world work closely with key stake holders to identify their needs. Bridgera’s application enablement platform allows a truly customized solution to fit any logistic provider’s need.
Some of its key features include:
- Real time tracking of driver
- Full route summary with driver history
- Custom Geo-Fence notifications/alerts (SMS and email) of arrivals and departures of drivers to dispatch and receivers
- Multiple Geofence support
- Helps with Route Optimization
- Real time visibility and updates on traffic
- Web portal provides management tools for dispatcher whereas the companion mobile app is for the drivers in the field
- Analytics engine which delivers real-time insights for quick and correct decision-making
Contact Us Today
The potential uses for an IT asset tracking solution in logistics or supply chain industry are endless. There are almost limitless potential in the data available by connecting an otherwise ordinary physical object. Let Bridgera help with your next IoT project! Bridgera offers free consultations to connect with one of our experts. After identifying your pain-points, we refer technology based on your companies goals, budget and timeline. With nothing to lose contact us today!