In this special guest feature, Krish Kupathil, founder and CEO of Mobiliya, discusses how almost every industry is in the process of ramping up IoT mechanisms, and one of its biggest applications remains in the field of physical asset management, monitoring and predictive maintenance. With a track record of over 25 years in building and growing companies and new markets, Krish has carried out strategic exits, pioneered enterprise mobility, cross-OS communication and collaboration services. His professional CPA qualification gives him a clear understanding of finance, tax and regulatory issues. A veteran of the mobile engineering industry and a recognized influencer worldwide in telecommunication and mobile software, Krish has shared his insights at conferences and has been published and quoted in numerous renowned publications. He is a trusted advisor to senior executives of blue chip companies such as Google, Microsoft, Deutsche Telekom, Qualcomm and Intel.
The Internet of Things (IoT) has shone in the spotlight of enterprise technology for quite some time now, and for good reason. Its ability to bring connectivity to almost any physical asset and ability to generate never-before data is rapidly making it irreplaceable for future business growth and expansion. While almost every industry is in the process of ramping up IoT mechanisms, one of its biggest applications remains in the field of physical asset management, monitoring and predictive maintenance. A study conducted by Cisco shows that over the next ten years, the potential bottom-line value that can be created as organizations harness IoT solutions will be close to 8 trillion dollars and 25% of this—2.1 trillion dollars—is from asset utilization. Smart asset monitoring and management solutions powered by technologies like those of Intel will provide an efficient way to track assets as they move through the inventory lifecycle.
Smart Asset Tracking and Intel Gateway: A Seamless Collaboration
Traditionally, asset-intensive industries like manufacturing, industrial machinery, logistics and transportation, oil and gas, heavy machinery and construction have been constrained by a lack of visibility of their assets as they move through the inventory cycle. IoT-enabled solutions are helping these industries to efficiently track the exact location of every single asset, asset performance, Return on Asset (ROA) and its lifetime value. These IoT solutions, often referred to as “SMART” solutions, are a combination of computerized sensors, RFID tags and actuators that track asset movement and condition at all levels. At the heart of these “SMART” solutions lies the Gateway, powered by Intel processing technology, which provides centralized monitoring of a multitude of devices, sensors and actuators simultaneously interacting with each other every time an asset is scanned, ordered or moved.
Imagine the daily workings of a leading global logistics company. The operating function is usually comprised of a multitude of IoT devices and sensors attached to different product packages, vehicle fleets and stock taking units. Information flows from IoT sensors attached to every package, reporting its current location (both indoors and outdoors), as well as its condition, to the dispatch team, the logistics manager sitting at the headquarters and the end customer. The sensors attached to the packages report the current weather conditions that the package may be exposed to (critical in case of perishable goods) and send instant alerts in case the package is tampered with or spoiled due to delayed pickup, improper temperature, moisture conditions or mishandling at any point during transit.
All of these devices and sensors communicate with one another and the cloud using various protocols and networks like Ethernet, ZigBee, Z-Wave or Wi-Fi. It is in this scenario that the Intel powered IoT Gateway plays the key role of a command center–collecting all of the information flowing from different devices and sensors, streamlining it, performing edge analytics and transmitting data to the cloud to deliver actionable insights.
Technologies like smart asset tracking solutions powered by processors like Intel’s IoT Gateway enable companies to seamlessly interconnect industrial infrastructure devices and secure data flow between devices and the cloud. Also, managers can securely aggregate, share and filter data for detailed reporting and analysis, ensuring that every package or consignment is closely tracked, monitored and managed.
IoT is redefining the digital form of asset management and technologies like the Intel powered IoT Gateway are ensuring that the asset monitoring solution provides real-time analysis, more efficient process controls and intelligence at the edge.
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