Nexxiot has been selected by NTT DATA as the preferred IoT solution provider for Connected Product.
Connected Product is a global cargo tracking solution jointly developed by NTT DATA and SAP to improve insurance management for global supply chains.
Nexxiot’s Cargo Monitor is an IoT sensor device that delivers connectivity and data performance, chosen by NTT DATA to provide monitoring and tracking of shipping containers for the Connected Product solution.
NTT DATA plans to deploy more than 600,000 of Nexxiot’s Cargo Monitor devices over the next five years.
“Nexxiot is pleased to partner with NTT DATA on their groundbreaking Connected Product solution,” said Stefan Kalmund, CEO of Nexxiot.
“By connecting real-time monitoring with automated cargo insurance payments, this initiative clearly demonstrates yet another benefit of the TradeTech revolution.”
NTT DATA and SAP’s Connected Product, powered by SAP® Business Network for Logistics, connects this solution to IoT devices to monitor fragile and environmentally sensitive cargo.
By enabling end-to-end, real-time monitoring of transportation conditions, the Nexxiot Cargo Monitor tracks variables that could affect a shipment.
The collected data can be configured through Connected Product to automatically trigger and execute insurance policies if goods are not transported under certain pre-defined conditions.
Nexxiot’s Cargo Monitors were selected by NTT DATA after an extensive pilot program.
The Connected Product pilot program, which utilised 500 Nexxiot Cargo Monitors, tracked 400 live shipments which were delivered in Europe, Asia and the US from March to August 2022.
Throughout the course of the pilot, the shipments were monitored along more than 5 million kilometres of their journeys and more than 200,000 data points were collected for analysis.
The first IoT devices are being installed on dry containers at the CMR depot in Wilhelmsburg, Hamburg.
