ATLANTA, Sept. 13, 2021 /PRNewswire/ -- KORE, a
global leader in Internet of Things (IoT) solutions and worldwide
IoT Connectivity-as-a-Service (IoT CaaS), today announced that
BinSentry, an international AgTech company, has selected KORE as
its IoT partner-of-choice to modernize time-worn measurement
systems and drive operational efficiencies.
"This is the 'decade of IoT,' and for many companies it is an
exciting time of exploration and innovation."
The two companies are enabling sectors of the agricultural
ecosystem to innovate and leapfrog current methods, resulting in
reduced costs, product waste, and time.
For decades, farmers have used a manual process to forecast the
amount of feed they order. Still today, farmers bang mallets
against the side of huge silos and place orders with feed mills
based on the sound made by the strike, causing inaccurate forecasts
and resulting in under-filling, over-filling feed transfers and
late deliveries to bins. This traditional method tends to be
expensive and wasteful because an information deficit exists.
An average feed mill services a range of 500 to 5,000 bins to
deposit with feed on a weekly basis at farms around the world. The
logistics of delivering feed requires good data so that mills can
operate efficient production and supply chain processes.
"This is the 'decade of IoT,' and in many industries, like
agriculture, healthcare, and fleet management, it's an exciting
time of exploration and innovation -- much like what I imagine the
Industrial Revolution was like at the turn of the 20th
century," said KORE President and CEO Romil
Bahl. "Through our work with BinSentry, we're providing an
IoT one-stop-shop to some of the most recognizable commercial
outfits in the farming industry, resulting in data-powered delivery
route optimization, accurate feed forecasting and ordering, and
increased automation of the inventory tracking and ordering
process. With access to a conduit of IoT connectivity, asset
monitoring, and APIs, the average feed mill has the potential to
save millions of dollars."
KORE powers the BinSentry automated feed ordering platform with
a single-source of reliable IoT connectivity that makes it easy for
feed mills to gauge quickly and accurately in-bin feed levels on
vast farms located globally. The feed mills then acquire and
manipulate critical data streaming off of those bins in real-time
via APIs so that they can plan their supply and delivery based on
real-time data at the individual silo level.
Bringing efficiencies to on-farm inventory monitoring, ordering,
and restocking with IoT technologies and analytics has an important
knock-on effect. According to the U.S. Department of Agriculture,
agriculture accounted for an estimated 10.5 percent of U.S.
greenhouse gas emissions in 2018 of which feed deliveries are
contributors. Farms and feed mills are already struggling with
sustainable production on top of handling and organizing massive
amounts of resources. With access to mission-critical information
and data that is pulled from the IoT enabled monitors, feed mill
trucks are able to deliver the right amount of feed at the right
time to the right farm and travel between 15 percent to 25 percent
fewer miles, significantly reducing the feed mills carbon
footprint, reducing their labor needs and saving costs.
"BinSentry was founded four years ago to solve the
information deficit that is a significant pain point in the
relationship between feed mills and their farmers and growers,"
said Randall Swartzentruber, founder
and CEO, BinSentry. "Our goal with BinSentry is to close that
information gap, and the best way to do that is with IoT connected
devices sending accurate and reliable data to a comprehensive feed
ordering automation software, enabled by the comprehensive and
future-forward wireless networks being provided by KORE. Now, our
feed mill customers can look at their dashboards and in real-time
see exactly how much product exists in every single feed bin that
they service, act proactively to manage demand and then plan
accordingly. It takes only 15 minutes to install the IoT-powered
sensors to solve a 40-year-old problem."
Get details about BinSentry modernizing antiquated processes
around on-farm inventory monitoring in this case study.
About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission
critical IoT solutions and services. We empower organizations of
all sizes to improve operational and business results by
simplifying the complexity of IoT. Our deep IoT knowledge and
experience, global reach, purpose-built solutions, and deployment
agility accelerate and materially impact our customers' business
outcomes. For more information,
visit www.korewireless.com.
About BinSentry
BinSentry is an agricultural technology company developing an
innovative Internet of Things (IoT) solution which enables feed
mills and livestock producers to effectively monitor on-farm
inventory, dramatically increasing operational efficiencies.
Powered by solar and operating on low-power, long range networks,
their cutting-edge solution installs in less than 10 minutes and
delivers data to the cloud, reliably and without interruption.
Equipped with a wealth of actionable insights that BinSentry's
software delivers, BinSentry customers can automate ordering,
prioritize production, and optimize the transportation of feed -
eliminating feed outages while gaining more insight into animal
performance. Reach out today, to learn about how BinSentry can
revolutionize your business!
KORE Investor and Media Contact:
Jean Creech Avent
KORE
Vice President, Investor Relations and Public Relations
Phone: +1 843-986-8229
Email: jcreechavent@korewireless.com
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SOURCE KORE Wireless