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How The Internet of Things Is Transforming Business

Adapt Ideations • Dec 07, 2022

What Is IoT?

 

IoT, also known as Internet of Things, is a modern innovative concept that is revolutionising the way businesses operate around the world. According to IBM, IoT can be defined as the concept of connecting devices to each other and the internet. Essentially, it is a network of smart technology that allows for improved data collection and transfer. IoT technology can have a significant impact on various facets of a business, for example with regards to global supply chains, IoT technology can typically be integrated in devices that have monitoring capabilities. This can refer to phones, sensors, RFID tags, GPS trackers, and last but not least, data loggers.

 

Data loggers are compact yet have vast capabilities that have the ability to collect data on a range of metrics based on the status of goods in transit, particularly those that are sensitive or valuable in nature. The presence of IoT within business has allowed for innovative active asset tracking solutions to assist in gaining increased visibility into any violations that have occurred for assets across global supply chains. Data loggers are able to collect information based on vital metrics including location, temperature, light and shock to name a few. The biggest question now remains, how has internet of things impacted business? The relationship between IoT and data loggers has been significant in assisting various industries in business, particularly logistics and cold chain sectors.


data logger tracking a package

So, How Has Internet Of Things Impacted Business?

 

When the internet was first introduced, it was accessible through stationary electronics such as the desktop computer. Soon, it began to transform the use of portable communication devices, including phones, tablets, smartwatches and more. It has now even extended its reach to smart assistants such as Google Home and Alexa. All of these devices have a direct application in various business sectors. Portable electronics have become an integral part of basic day-to-day business functions, whether they are used to host a virtual meeting or help with collaborating on a shared document, every business in the industry is reliant to some capacity on IoT technology. 

 

A few sectors that can easily benefit from the existence of IoT solutions include food & beverages, cold chain logistics, and biopharma. This is primarily because the aforementioned sectors all involve temperature-sensitive, high-value or fragile goods. For example, if a shipment of fine art was being transported on road, by utilising IoT supported data loggers the client would have near real-time visibility of their assets. This can help to avoid the negative financial impact of damage or lost goods in transit as violations are received in near real-time allowing necessary intervention to take place as soon as possible.

temperature data loggers

What Are The Benefits Of IoT In Business?

 

IoT can greatly benefit businesses involved in various sectors, ranging from pharmaceuticals to valuable assets such as artwork. The versatility of this technology has changed the broader business realm, in particular the way goods are transported, as it offers clarity and visibility into the status of shipments in transit. IoT enabled track and trace solutions such as data loggers have a significant impact on various functions within a business. A few prime examples include:

 

1.    Increased efficiency in everyday asset management and productivity By utilising an IoT based monitoring solution, it is easier to keep track of where goods are, ensuring that shipments are being sent to respective clients in a quick and systematic manner. This in turn positively impacts company productivity as it drastically reduces the amount of constant verification and manual intervention that needs to take place therefore enhancing business functionality.


2.    Optimised operations processes, inventory, and storage solutions Implementing organised and methodical processes by constantly reassessing plans and processes to best suit the current climate of a business can help maintain a well-oiled company. For instance, the installation of active asset tracking solutions within warehouses or storage facilities can help keep track of rapid inventory changes and ensure that shipments are travelling directly to their respective clients.


3.    Enhanced decision making – The data collected by IoT enabled data loggers can help reduce the likelihood of human error as they decrease the need for manual data entry. In addition, they allow those within the business to make quick and efficient decisions backed by the data collected. This results in a lower chance of product waste, shipment delays, and financial loss.

  • ADAPT Ideations Innovative data loggers

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How Does Adapt Ideations Help Companies To Transform Their Processes With The Use Of IoT Enabled Asset Tracking & Monitoring Solutions?

 

Amongst the plethora of useful methods of application in business, IoT plays a major role in track and trace solutions needed to maintain visibility of shipments in transit. Data loggers are a popular option for clients that require a reliable near real-time solution that can capture data based on vital metrics such as location, temperature, light and shock. At Adapt Ideations, we are proud to be at the intersect of IoT and business functionality. Our unique and innovative data logging solutions utilise the connectivity of IoT to collect and transmit vital data to clients. We offer three main product ranges, namely KELVIN, PIXEL & PROTON. From multi-use and single-use solutions that track moving shipments, to devices that send data based on the climate in cold storage facilities, our loggers continue to achieve greater visibility for the global supply chain.

 

Get in touch with us today at enquiries@adaptideations.com for further information on our solutions.

IoT can be utilised across many functions across a business. One of the main purposes of IoT within supply chains for example, is to upgrade business processes and solutions by using sensors, devices, gateways, and platforms. By collecting all the data in one spot, companies can then make informed decisions and develop more efficient processes.

The benefits across all businesses vary depending on the application. However one primary benefit of data collection is the ability to use it to improve products, services and customer experiences while also helping to improve decision making and drive profitability. 

By making use of connected devices that track and monitor assets throughout business operations, IoT technology can automate 

many manual processes and thereby improve operational efficiency.

Get in touch with us today at enquiries@adaptideations.com for further information on our solutions.

Powerful and reliable, asset tracking and monitoring solutions.

Innovative monitoring solutions for high-value & temperature-sensitive assets.

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Awards & Recognition


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Best Temperature Monitoring Solution Provider


Awarded by India Biologics & Vaccines Outstanding Industry Awards 2022

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Adapt Ideations Recognised As A Supply Chain Leader


by Alcott Global on Supplify's Supply Chain Tech Map 2.0

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Technology Excellence in Cold Chain


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