Discovery’s answer to supply chain challenges

The internet of things or IoT has been touted as one of the most hyped-up technologies that is seen to be significant in the near future. IoT will affect every space from smart homes to connected cars.

The largest beneficiary of the connectedness is likely to be the supply chain, says IoT and Big Data science writer, Yash Mehta. In a report released by Cisco and DHL, it is estimated that IoT will boost supply chain by $1.9 trillion (€1.62 trillion) of the $8 trillion (€6.84 trillion) market that IoT would generate. That is approximately 25% of the gross value that IoT would generate.

I came across an innovative company during a recent visit to the HongKong IoT expo. The company, Discovery, is tapping into this trillion dollar market with its IoT solution.

Following are some of the supply chain challenges in retail industry which our network shall address:

  • Asset tracking

As a consequence of globalisation, companies in almost every industry cater to consumers spread across the globe. As a result, companies adopt different supply chain strategies for different geographies of operation. For instance, the supply chain strategy opted by Amazon in the US would be entirely different from that in India, owing to the fragmentation of retail in the latter’s geography. Asset tracking, therefore, is an issue owing to which companies cannot adopt a uniform solution across different geographies. Lack of visibility of products due to long channels of suppliers, importers, wholesalers, franchisees therefore causes inflated costs at both ends thereby affecting company’s revenue strategy and consumers alike. Due to this visibility issue, quality and delivery of products is also affected.

  • Stock management

Stock-out and stock obsolescence are major problems faced by retailers. Stock-outs refer to situations when an item is no longer available at a retail store and stock obsolescence refers to situations when an item remains on the shelf due to lack of sales or early expiry dates. Currently, there is no optimal way to manage these issues without facing some delay in restocking the inventory. This has considerable impact on a company’s business, to the extent that, a survey about stock-outs concluded that a billion-dollar retailer would lose $40 million (€34.21 trillion) a year due to these hindrances.

  • Retailer and customer relations

Being able to track assets would enable companies to distinguish retailers on the basis of performance. Connectedness enables companies to receive insights into the way products are being handled as well as the degree of supply chain management. At the same time, ensuring the quality of products being delivered and allowing customers to receive timely alerts of the status of an item, companies could improve customer retention rate and improve their brand name.

How Discovery addresses supply chain challenges

Discovery’s network involves three layers, namely- Cliot-IoT tag, the user community and data analytics. While the user community and data analytics form the software support for this network, Cliot forms the hardware solution.

Cliot is a revolutionary self-charging printable IoT tag that utilises backscattering technology to absorb surrounding electromagnetic waves to power itself up. The tag is being developed such that it can be mass produced and be affordable at a rate of $0.10 (€0.086) per tag.

It is being developed to handle around 100 pings per day. Cliot works by transmitting data to user smartphones installed with Discovery application, that are within 30m range via protocols like WiFi and Bluetooth. Besides, Cliot can also house sensors like IR, gyro, temperature sensors depending on the intended use. Without additional infrastructural support requirements, Discovery offers a solution that is highly scalable than any of the existing IoT solutions.

Yash Mehta

In essence, Cliot offers the following benefits to adopters:

  • Inexpensive tracking solution:

With a cost as low as $0.04 (€0.034) per month for each product that is tracked, Discovery is undoubtedly a solution that has the potential to be massively adopted.

  • Real time visibility:

Offering a network that can be utilised for visibility of inventory and sales data, Discovery enables businesses to get real time insight in supply chain workings. This insight is more effective for taking critical business decisions than adopting the traditional market research methods.

Tracker development progress

Discovery has launched a semi automatic tracking solution in March 2017 where products were tagged and captured manually through mobile application interface. Currently, a beta version of the tracker based on Bluetooth architecture is under development and is set to be launched in the second quarter of 2018.

The author of this blog is Yash Mehta an IoT and Big Data Science expert. He is an award-winning writer appearing in many publications

Comment on this article below or via Twitter: @IoTNow OR @jcIoTnow


DANA bolsters financial inclusion in Indonesia with HERE Technologies

Posted on: August 9, 2022

Jakarta, Indonesia. 04 August, 2022 – HERE Technologies, the location data and technology platform, announced that DANA, one of Indonesia’s digital wallet services, is utilising HERE location services to bolster inclusive financial services in the country.

Read more

Putting fleets in the fast lane: AT&T Fleet Complete launches FC Hub, a suite of next-gen fleet management tools

Posted on: August 9, 2022

Dallas, United States. 05 August, 2022 – Fleet Complete is introducing AT&T Fleet Complete FC insights solution suite, a big data IoT platform with web and mobile apps for fleets to monitor and manage all aspects of their mobile operations.

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox