Two companies have joined forces to offer a new service that saves energy, reduces machine failure and slashes stock loss for food retail businesses.
IMS Evolve, the Industrial Internet of Things (IIoT) company, has announced a strategic partnership with Current, powered by GE, the digital engine for intelligent environments, to deliver IoT solutions to the food retail sector.
The partnership leverages IMS Evolve’s integration and automation capabilities and Current’s Daintree wireless controls infrastructure to offer a solution that is helping food retailers reduce operational costs and improve the customer experience.
The new partnership will drive significant savings across energy, waste and maintenance by leveraging real-time data from assets across the enterprise.
After installing the new solution across almost 200 stores, a US regional grocer is expecting to save over $1.2m annually through a combination of refrigeration, HVAC and lighting-related energy savings.
The business is also predicting to reduce food spoilage by 30 percent and cut reactive maintenance calls by 25 percent.
Colleen Calhoun, Head of Software Solutions & Chief Marketing Officer at Current, said: “We see great potential in our continued collaboration with IMS Evolve. As the grocery industry progresses from manual to fully-integrated and automated controls, food retailers will see a marked drop in the operational costs it takes to efficiently keep food quality high while delivering an excellent customer experience.”
IMS Evolve’s Chief Commercial Officer, Jason Kay, said: “With a powerful proposition that combines our proven IIoT solution with Current’s technology and experience servicing complex retail environments, we are able to deploy our solution at scale and speed to retailers across the world, releasing significant value and rapid ROI.”