Reinventing Smart Factories with UWB Positioning Technology
Smart factories are one among the many examples showcasing the true capabilities of technology advancements. The innovation in the manufacturing sector paved the way for smarter adoptions, resulting in five times more productivity and improved rationalization of inventory and capital expenditure. Latest reports on manufacturing evolution suggest that the global smart factory market is expected to grow from USD 271 billion in 2020 to an impressive USD 422.88 billion by 2026. The rising popularity of smart factories has prompted many manufacturing experts to follow the trail and invest more in smart manufacturing practices. To facilitate accurate tracking in smart factories, Ultra-wideband (UWB) based systems are preferred over RFID or Wi-Fi […]
Demand for IoT-based RTLS solutions in the logistics industry to hit all-time highs in this coming decade! Here are a few advantages…
The logistics industry is a huge sector with great untapped potential paving the way for IoT-based asset and employee monitoring solutions to make their foray into this industry. According to an internet source, “Total market cap of the logistics industry alone is set to reach $41 Billion USD by the end of 2021” With this much capital, the need for increased efficiency in the logistics sector is very important. Here’s another statistic that agrees with this, According to a 2017 McKinsey survey, “92% of senior enterprise stakeholders think the internet of things will generate a positive impact by 2020. Yet, more than half of companies use 10% of their IoT […]
