Next-gen vehicle tracking systems change the way the insurance industry approaches stolen vehicle claims
Advances in telematics improve stolen vehicle recovery and minimize insurance costs
- Worldwide, insurance companies spend billions of dollars each year to replace stolen vehicles.
- The industry seeks a way to minimize the burden of stolen vehicle replacement, but traditional telematics solutions fall short.
- Next-generation vehicle tracking systems, powered by Sigfox’s global IoT network, solve the major problems associated with telematics.
- Next-generation tracking systems are the latest revolution in insurtech: increasing rates of auto recovery while reducing insurance claim costs and overhead.
The UN Office on Drugs and Crime estimates that worldwide, one in every 1,500 people falls victim to vehicle theft each year. Couple this with the fact that in some areas, recovery rates fall well below fifty percent, and it’s no wonder the insurance industry has championed the use of telematics tracking in recent years. Each vehicle that is recovered-and recovered quickly-represents thousands of dollars in claims savings.
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Water management enters the age of the smart city thanks to IoT
Long-range telemetry solutions connect water meters, save utility companies time and resources
We have entered the age of the smart city. The Internet of Things (IoT) has become the norm, and urban areas are increasingly using new telemetry technologies to remotely and securely manage public assets. Utility companies are no exception. As water management systems age, and companies prepare to update their infrastructures, many have discovered the advantages of upgrading to long-range remote meter systems, such as Sigfox’s global IoT network. By connecting their water meters over Sigfox’s network, utility companies around the world have eliminated the need for onsite meter readings, saving time and resources and even improving customer satisfaction.
Utility companies save manpower and lower costs with smart water meters
As any utility manager knows, dispatching staff to manually read water meters is both time consuming and a logistical headache. First-generation telemetry solutions have made a small difference by allowing utility companies to remotely read meters from short distances. But with ranges of only a few meters, these solutions still take considerable manpower, not to mention fuel and vehicle maintenance costs.
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Rethink tank monitoring with the IoT
Predictive and just-in-time order management can help optimise resource planning and therefore save time and money.
Monitoring sensors can automatically detect temperature changes, filling status and general conditions.
Storage tanks and silos are a crucial part of many industries. From water management companies who need to store chemicals used to treat wastewater and farms that need to store wheat grain and feed, to industrial plants storing raw materials such as coal, wood and minerals, convenient storage is a huge aspect of their business. Even suppliers to these companies need storage facilities in order to deliver goods to their clients. Storage facilities are only useful if companies are able to accurately monitor the stock levels. For most of these companies, the only current solution are manual checks that are time consuming and ineffective.
This means companies routinely run out of stock. What these industries need is a way to remotely monitor stock levels without wasting man hours doing it by hand. What they need is a smart IoT solution. Using the long range Sigfox radio network, several leading IoT organizations have developed the solution these companies desperately need.
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Cold chain monitoring sensors ensure better food quality
Process optimisation and quality ensurance – what else to wish for?
Cold chain temperature sensors can help businesses follow food safety guidelines.
Monitoring sensors can automatically monitor temperature consistently for the most accurate data – therefore preventing most loss scenarios.
Food temperature monitoring sensors can send you alerts or notification to your smartphone if the temperature goes below a set threshold.
Food temperature/cold chain monitoring allows restaurant owners and other food businesses, such as food processing, manufacturers, delivery, and wholesale services to accurately monitoring the temperature of their food storage facilities.
This can help ensure proper food safety procedures.
Tracking the proper temperature of food storage is crucial for many businesses. This cloud-based solution can work for any business in the food or industry or who serves food to their clients, such as hospitals, care facilities, and even schools.
The food industry faces many challenges in today’s market
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Improper refrigeration of food during transportation and storage costs billons of US dollars per year. In fact, roughly one third of the food produced in the world for human consumption every year -approximately 1.3 billion tons – gets lost or wasted. When food isn’t stored properly, it leads to excessive amounts of food waste and lost income and other resources.
Additionally, regulatory standards are getting tougher and tougher. There are reinforcement of regulations for every stage of logistics and distribution for food, including the following in various countries: HACCP, Hygiene Package, EN
12830FDA, and the Food Safety Modernization Act (FSMA) in the US.
Besides lost income and food, improper food temperatures during transport, storage, and serving is a risk to public health. Bacteria growth in undercooked food can lead to severe illness. In fact, almost half a million people are killed annually by food poisoning around the world.
What’s more, even if 25 percent more food was stored properly and not lost, it could feed almost a billion people around the world each year.
Better tracking of temperature could help ward off food waste, especially because manual temperature monitoring is susceptible to human error, including a failure to record the temperature regularly, inaccurate measuring, or not enough monitoring.