The IoT: Connecting Paddock to Plate

Transcription

1 The IoT: Connecting Paddock to Plate Are we ready to embrace the revolution? Kate Levy, Research & Innovation, Rentokil Initial

2 Why is there a need for a revolution? Global Supply Chain World population: 7.5 billion Facebook users: 1.6 billion

3 Internet of Things

4 What is the Internet of Things? The Internet of Things (sometimes Internet of Everything) is a network of physical objects or things embedded with electronics, software, sensors, and connectivity to enable the network to achieve greater value and service by exchanging and/or collecting data.

5 Video thanks to:

6 Current IoT uses in the Food Supply Chain Crop Monitoring Cold Chain Monitoring Smart Trolleys & Tracking Connected Pest Control

7 Findings from Rentokil Initial s Global Study

8 The greatest opportunities: # End-to-end tracking and traceability of goods The capability to use data to more accurately predict when issues or opportunities may arise Environmental control Inventory management Automated reporting for compliance purposes Optimising logistics Australia Global Average

9 The greatest opportunities: #1 Farm Logistics Warehousing Logistics Processing Logistics Retail

10 The greatest opportunities: #1 How do we achieve that? 1. Commit to sharing data 2. A single source of data in a regulated and secure environment

11 The greatest opportunities: # End-to-end tracking and traceability of goods The capability to use data to more accurately predict when issues or opportunities may arise Environmental control Inventory management Automated reporting for compliance purposes Optimising logistics Australia Global Average

12 The greatest opportunities: #2 Farm Logistics Warehousing Logistics Processing Logistics Retail

13 The greatest opportunities: #2 How do we achieve that? 1. Commit to sharing data 2. Cultural change

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15 The greatest challenges: #1 Only 1 in 4 had a deep understanding of IoT No real knowledge Basic Knowledge Reasonable Knowledge Deep theoretical knowledge (i.e. have studied the area) Deep practical knowledge (i.e. carrying out an IoT project) Australia Global Average It s just called something different It s being developed in siloes

16 The greatest challenges: #1 1. We are not realising the benefit of aggregating data 2. The keys to IoT are not held by those responsible for food safety & efficiency

17 The greatest challenges: # Cost of implementing an IoT network Our networks will become overwhelmed by the data volumes generated There is a lack of standards for IoT deployments We are concerned that auditing bodies will drive continuous changes in how reporting is required Data privacy may be impacted Attacks on IoT infrastructure making business processes vulnerable We will be unable to usefully analyse all the data generated Australia Global Average

18 The greatest challenges: #3 Farm Logistics Warehousing Logistics Processing Logistics Retail

19 Where does that leave us? Greater (and willing) collaboration across the supply chain Vigilance on data security and privacy Breaking down of siloed systems Greater education

20 For a copy of Rentokil Initial s IoT in the Food Supply Chain Whitepaper, kate.levy@rentokil-initial.com To learn more about Rentokil s PestConnect, visit: Thank you.