Over US$13 Billion Worth of Goods are Stolen Each Year – How Can IoT Help?

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By Taylor Jensen | 1Q 2022 | IN-6421

 

Smart Sensors vs Increased Security

NEWS


Theft makes headlines when it involves high value items such as cars, jewelry, and electronics. However, theft is common in a broad array of things that are not as high profile. For example, in China there has been a large increase in the theft of things like manhole covers which has prompted governments to enforce strict punishments, up to the death sentence. The punishment has gotten this strict due to the open holes in the ground leading to over seventy serious injuries or death between 2017 to 2019, as well as substantial damages to vehicles. In addition, it is difficult to track where those things go once they are stolen. A more economical and sustainable way to combat theft is to attach intelligent sensors or locks to be able to monitor these objects or places, remotely.

Better Use of Resources

IMPACT


With Low Power Wide Area (LPWA) cellular connectivity options in the form of Cat-M, Narrowband-Internet of Things (NB-IoT), and uniquely designed sensor devices, the ability to monitor objects and places is much more efficient.…

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