|By Greg Smith||
|August 23, 2014 11:00 PM EDT||
In the last decade, the "Internet of Things" has expanded from a small set of assets with first-generation radio frequency identification (RFID) tags to a proliferation of devices using a variety of wireless machine-to-machine (M2M) technologies. By some estimates, there are as many as 10 billion M2M devices deployed worldwide today, expected to grow to a ubiquitous 30 billion by the end of this decade.
The power of M2M lies in its ability to capture, transmit and analyze asset data automatically - without human intervention - and inform business decisions that increase operational efficiencies, improve service capabilities and save money.
The supply chain is the primary driver of the explosive expansion of M2M applications, accounting for as much as 40% of revenue growth in the M2M market. It's no wonder: manufacturers, distributors and retailers - especially those with large-scale enterprises - have long regarded supply chain optimization as a critical competitive differentiator.
One example of an M2M technology undergoing a surge of adoption across global supply chains is a wireless Vehicle Management System (VMS) for industrial trucks, such as forklifts.
Demand Drivers for VMS
Powered industrial trucks are the heart of material handling operations in the supply chain, and the cost of owning and operating an industrial truck - including fully burdened operator labor - can exceed $250,000 per vehicle per year in a three-shift operation. For an enterprise with 500 vehicles and a typical two-shift operation, the annual budget to run the fleet can exceed $80 million.
In addition to operator labor, the major costs associated with industrial trucks include acquisition (purchase or lease); damage (to facilities and products, as well as the vehicles themselves); maintenance; energy to power the vehicles; and a variety of direct and indirect costs related to injuries caused by vehicle accidents.
Industrial trucks are also the object of extensive governmental safety regulations, detailed in Occupational Safety & Health Administration (OSHA) standard number 1910.178.
What Does a VMS Do?
A Vehicle Management System is fundamentally about controlling the use of equipment and linking all vehicle activity to the operator. With that foundation, a VMS establishes accountability for equipment use, enforces powered vehicle safety regulations, and generates asset utilization metrics that can be used as Key Performance Indicators (KPIs) for material handling.
More specifically, a VMS can improve productivity by ensuring that equipment is available to work in the proper place at the right time, tracking fleet utilization (e.g., peak vehicle usage over time), measuring operator productivity (e.g., time logged into vehicles vs. time paid, and time actively working vs. time logged in), and benchmarking best-practice KPIs for equipment usage.
A VMS also helps enforce workplace safety policies by restricting vehicle access only to trained, authorized personnel, and by requiring operators to complete an electronic safety inspection checklist prior to using equipment. In addition, a VMS typically incorporates an impact sensing system that enables management to automate responses to vehicle accidents.
VMS systems typically deliver a return on investment by: (1) reducing damage to vehicles, facilities, and goods; (2) reducing or avoiding vehicle acquisition costs by justifying decreases in fleet size; (3) optimizing fleet maintenance controls to reduce maintenance costs; (4) eliminating costs traditionally associated with monitoring and enforcing safety policies; and (5) increasing productivity and justifying a reduction or reallocation of labor.
25 Years Ago, WMS...Today, VMS
A quarter-century ago, Warehouse Management Systems (WMS) emerged in the global supply chain to help manage inventory, order processing, and shipping. Within a decade, WMS had been deployed by many forward-looking organizations. Today, if a Fortune 1000 company with material handling operations has not deployed a WMS, it is almost certainly lagging behind its competitors.
VMS for industrial trucks is in an evolutionary stage similar to where WMS was a decade ago. Many progressive and respected supply chains have deployed VMS - users include some of the world's largest auto makers, consumer packaged goods companies, food producers, government organizations, industrial manufacturers, and retailers. Looking at the pace of WMS adoption is a precedent, VMS technology can be expected to proliferate rapidly, and any organization with sizable material handling operations will be at a competitive disadvantage if it does not use VMS.
- "More Than 30 Billion Devices Will Wirelessly Connect to the Internet of Everything in 2020," ABI Research, May, 2013.
- "Assessing Mobile Network Operator Capabilities and Opportunities in M2M," Matthew Hatton, M2M Summit, September, 2012
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 5, 2016 01:15 PM EST Reads: 2,150
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 5, 2016 12:34 PM EST Reads: 131
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Dec. 5, 2016 12:30 PM EST Reads: 2,281
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 5, 2016 12:30 PM EST Reads: 936
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 5, 2016 11:38 AM EST Reads: 176
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 5, 2016 11:30 AM EST Reads: 760
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 11:15 AM EST Reads: 936
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 5, 2016 10:30 AM EST Reads: 643
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Dec. 5, 2016 10:30 AM EST Reads: 279
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 5, 2016 07:30 AM EST Reads: 7,059
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Dec. 5, 2016 07:30 AM EST Reads: 1,001
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
Dec. 5, 2016 07:15 AM EST Reads: 1,298
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 5, 2016 06:45 AM EST Reads: 1,797
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 5, 2016 06:45 AM EST Reads: 1,629
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 5, 2016 06:30 AM EST Reads: 758
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 5, 2016 06:15 AM EST Reads: 971
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Dec. 5, 2016 06:00 AM EST Reads: 1,693
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Dec. 5, 2016 04:15 AM EST Reads: 1,621
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Dec. 5, 2016 04:00 AM EST Reads: 4,714
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Dec. 5, 2016 04:00 AM EST Reads: 5,138