Capital investments—especially in the world of heavy machinery—don’t come cheaply. That’s why it is vital that businesses actively monitor the state of the equipment they acquire in order to make sure that equipment is used as efficiently as possible. This way, they get the most out of their investments.
If there’s a fleet of construction equipment parked at a job site, business owners who utilize forward-thinking technological solutions are able to monitor those assets remotely. For example, if a quick screen reveals that a bulldozer needs a new air filter and a backhoe needs new pistons, the technician called to the site will have that knowledge prior to leaving the office, meaning that he or she will have the parts needed on-hand to make the necessary replacements. This eliminates the need for the technician to check out the faulty machines, drive back to wherever parts are stored, turn around and head back to the job site to complete the repairs.
Over the last two decades, ORBCOMM (News - Alert) has grown into a serious player in the global asset monitoring market. The company’s satellite solutions give customers the ability to monitor various aspects of their assets no matter where they happen to be geographically.
“When we started as a company, the term M2M didn’t exist,” William Molesworth, ORBCOMM’s vice president of terrestrial services told TMC (News - Alert) at ITEXPO today. “The company spent a fortune building this network and launching it before going public in 2006. We really turned the company from what it was into a full-blown M2M company.”
When a company’s assets are dispersed around the world, there’s no single terrestrial solution that enables them to monitor all of those assets. Instead, by employing a satellite-based solution, companies are able to locate their equipment and figure out that equipment is doing, decide whether any of it needs service or has been tampered with and brainstorm ways in which it could be used more efficiently.
image via shutterstock
Though dealing with the oil and gas, maritime, energy and utilities industries, as well as the public sector, ORBCOMM’s sweet spot relates to transportation, logistics and mobile assets. Another field the company does well in is that of refrigeration. If a trucker, for example, is hauling a trailer full of filet mignon across the country, it’s important for both the buyer and the seller to make sure that the steak stays at the correct temperature during its trip. Otherwise, it spoils or has a reduced shelf life. ORBCOMM’s satellite solutions provide decision makers with the tools necessary to monitor those temperatures remotely.
The company, which boasts more than 40 percent of the M2M market in terms of satellite connectivity, differentiates itself from its competitors by offering turnkey solutions with back office integration.
“It’s still a fragmented market,” Molesworth said. “That’s why we are in the solutions game. It’s easier to deliver value that way, and has definitely worked for us.”
ORBCOMM is an exhibitor at ITEXPO (News - Alert) and recently launched a collection of new, small, all-enclosed telematic hardware solutions that are easy to install and run for an indefinite period of time, Molesworth said. The company’s also excited to use Elon Musk’s SpaceX (News - Alert) to launch 17 satellites in the near future, one of which has the capacity to accommodate millions of users because the data sent from equipment to the satellite is done so in staggered, spread-out increments.
Based out of Rochelle Park, N.J., ORBCOMM employs about 180 people and has 800,000 end users who are dispersed across the globe. To learn more about the company and its offerings, visit its website.
Edited by Ryan Sartor