Proving the Business Case for the Internet of Things

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Archive February 2020

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LoRa Devices: Bringing Flexible IoT Solutions for Smarter Homes and Buildings

The market for smart homes and buildings is forecast to reach yearly revenues of up to $36 billion in the U.S. alone by 2022. The Internet of Things (IoT)-based solutions offer the potential to create increased efficiencies in these connected homes and buildings. With the deployment of sensors and hardware, 22.3 million smart home systems were installed in North America by the end of 2017, according to Berg Insight Smart Homes and Home Automation. By 2022, the number of households adopting smart home systems is forecast to increase at a compound annual growth rate (CAGR) of 23.1 percent, resulting in 63 million smart homes.

Achieve Pallet-Level Visibility Throughout Your Supply Chain

The disciplines of supply chain management and logistics focus an organization on driving value and creating competitive advantages by optimizing the flow and storage of goods.

From inbound logistics and order fulfillment to last mile delivery and service parts management, companies are investing billions of dollars to monitor and optimize the flow of their upstream and downstream supply chains. Despite this enormous investment, misplaced, damaged, and stolen goods continue to cost US companies billions of dollars a year in lost revenues and increased costs. In addition, consumers and retailers are increasingly demanding greater product transparency, traceability, and environmental and ethical best practices as a condition of doing business with companies. And none of this is possible without tracking the supply chain.