How IoT Logistics Will Revolutionize Supply Chain Management - Lare Ayoola
Containers go missing all over the world and it usually takes months to find them assuming they are ever found. The combination of mobile computing, analytics, and cloud services, all of which are fuelled by the Internet of Things (IoT), is changing how delivery and asset management companies are conducting their operations.
The Disrupting Asset Tracking with IoT webinar, in conjunction with Connected Finland, was organized in July to shed more light on the challenges facing the asset management industry. The Asset Tracking webinar, the first of many IoT webinars, was a two-hour event with an audience of about 130 industry experts in attendance.
Asset tracking is the fastest-growing industrial IoT market worth $3.93 Billion by 2023. Delivery company DHL and tech giant Cisco estimated in 2015 that IoT technologies such as asset tracking solutions could have an impact of more than $1.9 trillion in the supply chain and logistics sector. Also, there will be 267 billion IoT asset tracking devices deployed in the global industry by 2027.
Knowing where things are at any given time can be critical to transforming business operations – reducing risk, saving money, improving efficiency, and potentially even driving new service revenue.
Now, the difference between LOST and FOUND can be as little as 12 BYTES.
“IoT Africa Networks Ltd, in partnership with Sigfox, enables you to observe your entire asset tracking network be it industrial, commercial, business, or residential in a convenient and budget-friendly manner. You might not be able to rely on electricity in Nigeria, but you can rely on Sigfox. This is because the Sigfox devices can be powered without electricity. Their battery life can last for more than four years on a single charge.” - Lare Ayoola
During the webinar, Lare Ayoola, the Executive Chairman of IoT Africa Networks Ltd, outlined the impact of IoT on the supply chain, and how IoT management will transform inventory, logistics, manufacturing, distribution, construction, insurance, security companies, and more.
Tom Lindblad, Founder, Connected Finland was on hand to shed more light on the challenges being faced in the asset tracking industry and how IoT is best positioned to revolutionize the operations of the asset tracking industry.
The IoT network, that Sigfox and IoT Africa provide, is enabling us to track things we never could have before thanks to new technologies and smaller form factors. Some of the potential Use Cases for the IoT Connectivity are tracking assets along the supply chain and receiving alerts on anomalies such as unauthorized trailer detachments, virtually fence and manage herds, intercontinental sea-freight tracking, recovery of stolen vehicles, monitor the logistic supply chain, track industrial assets, enable real-time tracking of consumer’s luggage worldwide.
The IoT Africa Networks, Sigfox, Tranter IT, and Connected Finland partnerships are strategic and critical for development in Nigeria. The major drive for IoT in Nigeria is for Companies and Cities to CONNECT EVERYTHING and stay in control of their assets and business operations.
IoT Africa Networks Limited is the exclusive Sigfox operator in Nigeria and as such, is responsible for rolling out the first IoT nationwide network in Nigeria. The IoT Wireless Telemetry is a game-changing digital technology for the asset management industry in Nigeria.
Tranter IT is the exclusive distributor of many IoT Connected devices in Nigeria. Based on experience, knowledge, and technical background, we can deploy and execute projects relating to IoT in Nigeria.
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