IoT Devices

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July 13, 2020

How Can IoT Improve Supply Chain During COVID-19?

The spread of COVID-19 has restrained the speed of businesses and interrupted the functioning of logistics and transportations. The current dilemma is how to sustain in the situation and to stop the economic meltdown while staying healthy.

Many companies and manufacturing industries are struggling to supply the goods to the customer or market. Recent studies conducted by Adobe stated that online purchase of hand sanitizer, masks, gloves and anti-bacterial sprays was raised by 817 per cent in February 2020. The sudden shift from window shopping to online has created a new challenge as well as an opportunity for all the businesses. Most of the businesses are opening an online platform for shopping, but without good and reliable logistics and transport, nothing is worth doing.

To stay economically healthy in the business, retailers need to assure that they are providing an excellent quality customer experience. Retailers need to inform about the shipment status and its expected delivery date of the product to the customer.

From packaging to delivery, proactive communication about the status of a product can only be achieved by the involvement of IoT and sensors.

Adopting sensors integrated with IoT devices can help retailers in keeping a track on the shipment to know its status and to inform the same to the customer. But before we understand how holistically Iot will aid in supply chains, let’s check what are the challenges in supply chain management.

Challenges in supply chain management:

Today, the supply chain has become the heart of any business, if it is not available, then forget about the profit and fulfilment of demands. However, with the globalization, lack of technology adoption and rise in eCommerce, supply chain complexities are increased.

Here are a few challenges which are disrupting in smooth supply chain flow:

Lack of coordination and communication between people at different places involved in supply chains like producers, brokers, transporters, processors, retailers, wholesalers and consumers.
Lack of fast last-mile delivery and compliance to meet the operational needs required for direct-to-customer fulfilment.
Improper manual and slow data reconciliation process.
Lack of transparency and improper record maintenance across the supply chain.
Poor stock management and no record maintenance of stolen, lost, shortage of products and inability to maintain minimum stock level etc.
Lack of visibility in supply chain inventory and security across all the channels in the supply chain.
Unsatisfied customers because of late deliveries without information.

Well, COVID-19 has proved the need for improvement in the logistics and adoption of the latest technologies for getting the best results. IoT offers a lot to the logistics to overcome challenges, improve transparency and ensure on-time delivery. Let us check how IoT can add advancement, proactive communication and transparency in logistics:

Precise Location Tracking:

Today, when the virus is spreading everywhere, the shipment has become more significant as people are staying home to stay healthy. The expectation of the customers to get the delivery on time has raised to a much higher level. By switching to the Internet of things enabled devices, companies can have insights into shipment and its status, which they can share with the customers. Companies can share the location of the consignment and the estimated delivery date of the packages.

Read More: How COVID-19 Explains The Need for IoT Based World?

Not just this, data received by IoT devices also helps retailers in scheduling optimized shipment routes for faster delivery, improved functioning and providing the best customer experience.

IoT enabled devices even helps in identifying warehouse delays and assists in addressing weak links while pushing overall efficiencies. Today in this virus affected the world, such data can be proved as lifesaving. Suppliers can trace the routes where shipments are facing snag and causing late delivery. They can avoid the road in future and opt for another way to make sure the delivery of essential products on time to customers.

Shipment Conditions Monitoring:

Apart from tracking consignment, delivering product in good condition is also essential. By acquiring, computing and providing updates on the environment state of a shipment can add confidence that the package is at a good state. This part is particularly important for providers of fragile or perishable products, as containers depart from supplier to seller to customer.

For clear vision, let us take an example of shipment containing food/dairy packages. A food/dairy shipment requires proper temperature throughout the journey to maintain quality; otherwise, it would just not spoil the reputation of the brand but would lead to serious health issues.

Through IoT-enabled sensors, a retailer can keep a check on container conditions to make sure no compromise with quality. In fact, if some issues appear, the retailer can take immediate steps to resolve the problems.

Global Connectivity:

Tracking and monitoring consignment is possible through Iot devices that are connected to a global network and can provide insights to retailers and customers to stay aware of products’ status.

Companies should switch to a 0G network to provide them with global connectivity. A 0G network is an exclusive low-bandwidth wireless network designed to connect simple, low-cost and less power consuming IoT devices to the internet. It is used to transfer a small amount of data across long ranges. It is different from others as it can transmit data such as location or temperature at a lower cost without compromising with quality.

On the other hand, due to less consumption of power, battery life is longer and lasts till the shipment journey ends. Thus it provides real-time data of the package location.

Excellent visibility provided by IoT across the supply chain offers an opportunity for enterprises to adopt the path to operational efficiency, aids in providing better customer experiences and a healthy bottom line.

Though COVID-19 has interrupted in the growth and development, it has given an opportunity to explore and adopt the most beneficial technology for improving efficiency and increasing benefits. Most of the companies are embracing IoT to churn profits. IoT provides insights to adjust the changes caused by a virus while offering excellent services at less price.

If you are looking for an IoT development company, then your search is ended. Contact Prompt Softech to get the most advanced and reliable IoT services.

admin

May 27, 2020

How will IoT Transform Transportation in the Coming Years?

How far have you imagined the development of technologies? Have you ever thought of automatic driving car in your childhood?

Few sci-fi movies might have created some imaginations, but who had thought IoT and AI would make it possible.

The holistic development of technology has changed the outlook of every sector. Healthcare, houses, towns are among things which are becoming smart along with the human race. The transportation sector is also benefiting from these changes to brush itself as more modernized and smart.

The transportation sector is evolving every day and thanks to IoT service providing companies which are inducing smartness to this industry.

The transportation sector has been offering safer, faster, cleaner and comfortable drives, and now IoT has taken the responsibility to make it smart.

As per the survey, global smart technology would touch $262 billion by 2025, and this would not be just financial success for manufacturers but would add a realistic approach to the expectations of users.

Don’t believe it? Read the blog to know how IoT would transform the transportation sector in years.

Assisted Driving:

The most prominent feature which IoT promises in transportation is safety. Smart transportation would have cars that would communicate with one another to improve supported driving features and ensure more safety.

Through IoT integrated communication, a driver would get the real-time data of other things present on the road to avoid any collision. The driver could use the data and take necessary steps like brake or turn and enjoy the smooth driving.

Though assisted driving features are no new as many vehicles have it but the inclusion of IoT into it would make it more useful and reliable. This integration also gives a base to driveless cars. Connecting IoT would allow vehicles to communicate with other vehicles and would help in better navigation. To be honest, safe and reliable self-driving cars would not have been possible without IoT.

You can too add IoT in your manufacturing business by contacting reliable and experienced IoT development company.

Read More: Will 2020 Be The Transition Phase of Internet Of Things?

Effective Navigation:

Improved navigation is helpful for humans, and IoT is the one which provides the most efficient navigation. Today, most of the people are dependent on GPS navigation which sometimes is slow to adapt the traffic changes, leading to frustration.

IoT navigation is a saviour in this situation. It is more helpful for the driver as it provides real-time information about traffic, blockages etc. Dynamic navigation can help in avoiding any type of hazard by providing real-time feedback to the driver.

Fluid navigation is best suited to services like environmental waste transport as accidents can cause spillage. To avoid accidents, drivers need proper real-time information on high traffic areas or spot accident-prone areas.

Maintenance clock:

Oil change sometimes comes up with a hefty repair bill. Any idea behind this unexpected bill?

Late servicing and inability to know when to go for vehicle maintenance is the primary reason behind this. There are many drivers who have no idea about when to get a vehicle checkup service. In this situation, IoT act as your assistant. It provides predictive maintenance of a vehicle and alerts drivers by highlighting urgent repair needs.

IoT devices installed in cars or vehicles analyze the performance of different parts and determines when servicing is required. It notifies the driver when something is about to damage.

The real-time information provided by IoT allows the driver to take the necessary steps and go for repair before any significant breakage occur. Not just this, it even provides a chance to manufacturers for more improvement. They can analyze the data from IoT devices and detect the common issues in their vehicles. Thus, they can use the information and make more reliable and safe cars.

Better Ridesharing:

Ridesharing is a new and useful trend which has been adopted and has brought disruptive changes in the transportation sector. IoT has made this trend more reliable and comfortable for the company as well as passengers.

Functional ridesharing depends on IoT, and it won’t work correctly unless a passenger could not see the location on the related app. Ridesharing even includes items like bicycles and scooters, so companies need to have their built-in device as well.

Read More: How can IoT be Used to Fight Against COVID-19?

A well established IoT network grants better vehicle surveillance by passengers and providers. It even helps by providing the fuel level information and determining the performance of a vehicle. With the provided data, companies could check that passengers are getting the car at peak performance levels.

Improved fleet management:

IoT has made everything more organized, particularly for fleet owners. IoT integration in transportation is helpful for a company that operates a fleet as they need to get the location of the vehicles, and how they are running. Through Iot enabled transportation, managers can get the real-time location of their trucks.

Not just tracking part, iot devices provide other services like weather analytics to help drivers for a safe journey, fuel economy tracking for fleet managers to calculate regular expenses like gas and maintenance. These features add more money and fast deliveries and reduced maintenance cost.

Introducing IoT in Transportation:

Well, IoT has already added a lot more than expectations. If you see the surrounding then would found that IoT has already become part of our daily life. IoT service providers are exploring the best versions to make the surrounding more smart and accurate.

Statista states that the connected car market expanded by 45% between 2018-2019 and would observe a hike in the global shipment of 76 million units by 2023.

Hence, it is no wrong to conclude that car companies are familiar with IoT and its wondrous offering, and they are capitalizing it as well. In coming year IoT would submerge the transportation sector fully, exploring safer, smart and reliable vehicles. Connected cars would become part of normal life, and roads would be more safe and convenient for everyone.

If you still not thinking about modernizing your products or adding IoT to your business, then it might emerge as a significant loss in coming future because the coming year would be based on IoT. If you want some help or assistance, then consult a reliable IoT development company.

admin

September 30, 2019

Is IoT is Actively Shaping Security Needs at Edge?

Today most of the technology is spinning the best version of the industry. Many of the always-connected devices are drawing the full advantage of cloud computing, meanwhile, IoT manufacturers and app developers are discovering to scratch the benefits of performing more computational analytics on the devices themselves.

This approach skips latency for critical applications, decreases dependency on the cloud, and assures better management of deluge of data generated by the IoT.

The number of devices connected to the Internet to make up the IoT, i.e., machines, sensors, and cameras is in use without any obstacle.

IDC has forecast to have 41.6 billion connected IoT devices or things till 2025, generating 79.4 zettabytes of data. As this data would expectedly boom in the near future, the data generated will also increase. It would turn more challenging for enterprises to protect the Edge-the source of the data.

The influence of IoT is shadowing the whole globe with the fastest of its speed. The entrepreneurs are targeting to put more intelligence on the Edge using smarter and potential devices. This new advancement expands the old-traditional enterprise IT infrastructure beyond a data center or cloud environment.

Starting its way from small things till trucks, containers, kiosks, warehouses, and commercial buildings, everything is creating an ecosystem of Edge devices that does not restrain till data collection and disseminates data but performs highly complex tasks like Artificial Intelligence (AI) at the outer reaches of the network.

The shared data reflect the high risk of the data breach as no. of edge devices are increasing.

As per last years stat. 1244 data breaches which exposed 446.5 million records which comes at a high price.

Ponemon Institute calculates that the data breach cost (average) would exceed to $3.5 million, and definitely this loss magnitude is not entertaining for businesses.

So it’s a crucial time for entrepreneurs to take an appropriate step to paralyze loss-making ongoing breach and protect themselves from its vulnerability.

Edge the new future

Edge computing and IoT: A way to balance act?

The primary purpose of Edge computing is to overcome the enormous data generated by IoT sensors and devices.

For many applications, this system means to analyze and act on data at the Edge of the network (closer to data sources) than forwarding it to the remote or centralized data center for processing.

Most of the time, an IoT device processes it.

Introduction of data-generating devices to the network in increasingly remote location causes cybersecurity vulnerabilities, gifting them an easy entry point into the network that can be used to get into the core systems that the Edge devices connect to.

To sum up, today, entrepreneurs need to secure each device instead of focusing on perimeter protection. In short, the concept of the network perimeter is vanishing. Instead of defending the perimeter, the enterprise must secure each device.

Public Key Infrastructure as a proactive solution

Clutching the data breach that can exploit the IoT network need thorough data protection and device security solution. A single mistake in the security of any device on the network imperils the entire network.

Edge node security can be referred to as supreme to prevent exploitation of any access point, including proactive rather than reactive cyber-defense.

Attack vectors are unpredictable or inconsistent, so IoT protection must be updated with time.

Baseline defense mechanisms include authentication and verification of devices in the network.

It has been concluded that static credentials with a strong password have lost the potential to provide a high level of protection to escape from operational disruption or data loss.

Old-tradition-bound security applications like antivirus and firewalls do not work with the devices that are out beyond the enterprise’s network.

Cohesive encryption algorithms and certification based authentication are must be required. PKI (Public Key Infrastructure) framework can provide encryption to protect data in motion across the networks and assures that all the connected devices are authenticated.

Edge computing and IoT are new architectures that need the latest high-level security approaches. No old concept is adaptable today as it offers no security or if applied the processors set up at the Edge must have an encrypted shield against attack. Robust identity verification and encrypted data transmission are two essential components of this approach.

← Newer Posts

How Can IoT Improve Supply Chain During COVID-19?

How will IoT Transform Transportation in the Coming Years?

Is IoT is Actively Shaping Security Needs at Edge?

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