What Makes Adapt Ideations Different in the Changing Landscape
Author: Jody Radoff
CRO Adapt Ideations
As the world grapples with the Covid-19 pandemic the underbelly of the BioPharma logistics world was exposed to the reality of innovation needing to become a key focus. Much like the ATM and online banking did to the finance industry, the traditional methods and models of supply chains was becoming more obsolete. The problem that most identified but weren’t ready to act upon by companies was taking the leap to invest in newer and more versatile IoT solutions using data analytics to monitor highly sensitive products in the supply chain. Companies either didn’t have the budget, time or believed what had been working for the past two decades was sufficient enough. Suffice to say, we have reached the inflection point and thus where Adapt Ideations is disrupting the standards with innovative solutions utilizing IoT technology.
You have to start with identifying the current way things are done today in BioPharma logistics to understand the solution and the differentiators to Adapt Ideations. Logistics processes today have become complex and in many cases several stages throughout require close attention. Any disruptions and issues experienced can often cause significant challenges throughout the supply chain let alone when temperature-sensitive products are being handled. There are three major aspects to the supply chain that run on older archaic technologies that were exposed during this paradigm shift; Analog Channels, Dedicated Time, Barcode Tracking and Data Transfer.
It is projected that by 2027 there will be more than 41 billion IoT devices and will continue to grow substantially in coming years
So going back to the central theme of this document what sets Adapt Ideations apart from our competitors. This is the critical question being asked of us as we embark on this journey to redefine logistics to adopt IoT. It is projected by an IoT report published by The Business Insider that by 2027 there will be more than 41 billion IoT devices and will continue to grow substantially in coming years. With a strong prediction from multiple sources including Gartner & PWC, it is believed that we will see an uptick of 50% in investment in technologies including AI and advanced analytics by supply chain organisations by 2024. Even the market leaders only make up 5-7% of that 15% market share thus the canvas to capture is wide open. The true value of innovative asset tracking and monitoring solutions is in the data that is collected allowing innovation and results to be achieved in addition to reducing costs.
WHAT SETS ADAPT IDEATIONS APART FROM OTHERS IN THE MARKET?
Our value proposition becomes clearer when you break down the four problems highlighted above and our mission to solve supply chain and logistics challenges using IoT.
WHAT SOLUTIONS DOES ADAPT IDEATIONS OFFER?
At Adapt Ideations we offer a range of solutions to cater to diverse use cases and the requirements of our clients. Our unique and innovative solutions are disrupting everyday asset management functions and allow our clients to protect their assets throughout the supply chain. Data collected from our IoT enabled asset tracking and monitoring solutions can transform supply chain processes entirely. Below are our range of innovative solutions:
The KELVIN
Suite of Devices
Our most innovative solution The KELVIN Suite of Devices are cellular data loggers that are able to monitor a range of metrics such as location, temperature, shock and light and relays data in near real-time. The solution is airline safe and has automatic in-flight mode.
The PROTON
Suite of Devices
The PROTON Suite of Devices are passive USB data loggers that are able to monitor vital metrics such as temperature. To view the data, simply plug the USB into a computer to retrieve the report once the trip is completed.
PIXEL
Adapt Ideations' PIXEL is a near real-time temperature monitoring solution for cold storage. The solution allows automated notifications to be sent when set parameters are broken allowing companies to take necessary action as soon as possible.
LISA
LISA allows companies to track the location of their moving assets at any given time. The asset tracker utilises IoT connectivity to collect near real-time data such as location from the moving asset and communicate it promptly back to the business, thus increasing visibility.