‘IoT Africa Networks Limited, a leading provider of Internet of Things solutions and services in Africa, shares insights on the need for the Agricultural industry to adopt emerging technology, so as to revolutionize the digitization of the food and Agriculture supply chain industry.
‘The CEO of Tranter IT and chairman of IOT Africa networks, Lare Ayoola highlighted this at the Supply Chain Digitalization Virtual Conference 2023.
The major reasons for digitization are as a result of the global population, which is estimated to increase by 2.3 billion people to 9.8 billion people by 2050, while the global agricultural consumption and production are projected to be 60% growth between 2023 to 2050.
According to the CEO, the Future of Agriculture is connected to digitization and it has been made easy by the advent of the Internet of Things. It has been estimated that by 2050, food production would need to increase by 70% and there is no better time to embrace the efficiency of IoT advancement and its benefits on the supply chain where food distribution in the country and the continent is concerned.
Mr. Ayoola advocated the increased adoption of IoT solutions by businesses and organizations to efficiently manage their operations, maximize resources and assets, optimize costs, and improve workers' safety.
He said, “IoT-integrated assets provide real-time capability and data that improve decision-making, enhance the quality of services and solutions, and drive organizational growth thereby, mitigating challenges such as late shipment deliveries, products going bad (Sour and Spoil), low yield/harvest, low watering of produce, over-fertilization of products, break-down of trucks in transit, taking the longest route for deliveries, etc. IoT simply helps to be reactive to events and not only proactive”.
“Forward-looking organizations leverage IoT devices to transform complex supply chains into fully connected networks. For supply chain management verticals, tracking & monitoring are some of the main objectives of IoT deployment. The technology allows warehouse and fleet managers to keep track of their cargo and inventory”.
“For logistics & supply chain management (SCM) operations, tracking is one of its crucial applications. Usually, the entire supply chain suffers from cascading effects when something goes wrong at some stage. So, IoT helps prevent bottlenecks & ensure the smooth functioning of the supply chain from manufacturing & warehousing to transport & delivery. However, there’s more to the Internet of Things than its asset management potential.
IoT saves time & effort by automating several processes or activities throughout the supply chain. It eliminates human errors & prevents significant incidents before they happen”.
According to Lare Ayoola, IoT Africa Networks is currently deploying the Low Power Wide Area Network (LPWAN) to provide a national infrastructure to facilitate the growth and penetration of IoT and Industrial IoT in Nigeria and thereby reinforcing the standard of living for Africans and the world at large.