IOT in the shared economy

Ripples IoT - Shared economy model digital twin, industrial iot implementaton

The sharing economy digital twin is also known as the collaborative economy. It is based on pooling and exchanging services, resources, goods, time, knowledge and skills. Currently going through a strong expansion, the sharing economy privileges horizontal organizations and structures rather than vertical and hierarchical ones. It has economic cornerstones such as the reduction of expenses and the limitation or elimination of intermediaries. Still, it strongly relies on social and ecological values and it’s also based on the belief that using is more important than owning or possessing.

Smart warehouses

Procurement, inventory levels, dispatches, deliveries, arrivals and duration, and storage environment condition parameters shared from a smart warehouse will enhance the information flow between suppliers and manufacturers.

This will help just in time inventory, production planning, and supply chain visibility in the system

Contract workforce

By deploying worker tracking on the contract workforce, the labor contractor can now remotely monitor the activities of their staff to enhance productivity and safety to the client worksite.

This will also help in easing the administrative overheads related to attendance monitoring, computing working hours, physical distancing, mandatory medical checks etc.

eCommerce warehouses

Data from the pallet and inventory tracking & monitoring solution deployed inside an eCommerce warehouse can be shared on the online B2B store for customers and partners to offer differential pricing on goods.

Age, storage conditions, and handling parameters can be used to compute dynamic pricing for perishable commodities .

Our indoor location tracking solution supports the concept of the shared economy digital twin model in a secure environment for businesses in the value chain the exchange information that helps all parties in the business network. These modern practices will help remove inefficiencies in the system, improve profitability and enhance the customer experience.

Call us to know more about shared economy digital twin models. Do you have a story to share with us ? Do drop us a line.

Ripples IoT - Shared economy digital twin model

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