Jul 9, 2024 12:00:00 AM / by Tancred Taylor posted in IoT Markets
Internet of Things (IoT) remote monitoring provides real-time conditional and usage data about equipment, machines, and infrastructure. IoT sensors are placed on or in assets to make this possible, revealing various metrics. Remote monitoring of IoT assets is essential for organizations to improve efficiency, address problems before they exacerbate, and make informed decisions.
May 2, 2022 12:00:00 AM / by Tancred Taylor posted in Supply Chain Management & Logistics
By 2025, global spending on pharmaceutical (pharma) products will reach US$1.6 trillion, according to a report from IQVIA. And that doesn’t even include the current US$220 billion spent on chemicals, raw materials, excipients, and other Active Pharmaceutical Ingredients (APIs) that are needed to produce finished medicines. This demand, in tandem with a strict regulatory environment, necessitates the need for Internet of Things (IoT) technologies that provide rich data and analytical insight into logistical operations.