Asset Tracking

The Internet of Things (IoT) has evolved from a mere buzzword to a new reality - one that’s approaching faster and at a larger scale than we thought possible. IDC forecasts worldwide spending on the Internet of Things to reach $772.5 billion in 2018 alone. But IoT is complex and harnessing it is easier said than done. While companies may be aware of IoT, they face the common struggles of understanding the use cases that apply to them, what the market opportunities are, and how to correctly implement it into their overall strategy. When it’s done right though, companies can exploit IoT and reap numerous benefits.

The last few years have seen a boom in the Internet of Things (IoT) market worldwide, and more-so in Japan.  Staista projects spending in the Japanese market to grow from $129 billion in 2016 to over $175 billion by 2020.    

Imagine a scenario that occurs daily across the world: one hospital needs to transport an organ across town to another hospital where a transplant recipient is waiting. The receiving hospital is tracking its location to make sure everything is ready at the appropriate time. Then the van enters an urban canyon, tunnel or parking garage and its location is lost.