How is Netcore changing FMCG sector using IoT?

By : |July 24, 2015 0
Its not everyday you witness a company making endeavours in FMCG through IoT

Sanghamitra

With IoT taking over the conventional technologies by storm, every company has been rerouting itself in terms of products, manufacturing etc.

Netcore too embarked on IoT journey, but the company played it little different and that was selecting the sector. Its not everyday you witness a company making endeavours in FMCG through IoT.

                                 

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Arjun Sinha Roy, VP, Internet of Things, netCORE, said, “In the food and agro space, the supply chain is usually not technologically empowered which slows down the processes and makes it difficult. And the demands are continously surging asking for real time inputs on the commodities and the storage facilities. This includes the monitoring of temperature basic environmental infrastructure etc. So, we plan to continue our focus in the sector of the market providing our solution with various other censors based on the requirements.”

Amul using Netcore’s SAAS based solution, monitors their warehouses where they store perishable commodities. The monitoring includes  temperature, wastage and also provides real time information in their dashboard.

Arjun Sinha Roy, VP - Internet of Things, netCORE

He added, “We have two sides to a solution framework, one the server and secondly the embedded hardware. So what we did is, we came up with an integrated platform Netcore Iris which is being primarily used in food and agro companies.”

The company has recently launched an Android app to monitor the assets while on the go. It will soon be enhancing its platform with control features through which along with monitoring one can also decide to whether use it or not.

Based on market feedbacks, Netcore will also be adding censors to its device. Analytics will be another key feature that will soon be added both on the server and device side.

Challenges

1. Lack of Infrastructure: Most of these locations are in the remote areas which lacks good infrastructure thereby creating a major challenge to implement the technology.

2. Extremely Low data connectivity: As the locations are remote getting a GPS connection is also quite difficult which inevitably will lower the performance.

3. Standardization: The hardware ecosystem altogether has not really taken the plight yet which creates hurdles.

4. Skill Gap: Grasping good technicians in remote locations still remains a challenge which makes it necessary to work with partners.

Growth of IoT in FMCG

The company has witnessed a steady growth of IoT in FMCG. Two years back it was about creating awareness and launching the services at one or two locations but now many companies are focusing on optimising supply chain and lowering the operational costs and reduce wastage. Demands asking for end to end solutions are on a constant rise accelerating the adoption of the technology.

Arjun says that Netcore intends to grow in the SME market and expand all over the country by end of this year. Witnessing immense potential in the Indian market, the company will continue to scout for interesting opportunities.

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