Smart Collateral Management

Deploying IoT for the tracking of items within a warehouse can be challenging due to the limitations of current tracking technologies and their respective cost to tag every piece of inventory. Ascent provides cutting edge smart collateral management solutions that provide an eye in the sky monitoring approach through the use of video analytics to track inventory within collateral management warehouses.

Digital Twin Warehouse for Real-time Inventory Tracking

Hard and soft commodities are typically stored in bulk storage warehouses. Warehouse operators currently track the cargoes’ weight and location by piles or lots, either on paper for through a warehouse management system. If there is any error or omission involved in the recording of cargo weight, location or movement, the warehouse inventory status will have discrepancies that cannot be reconciled without a physical recount and reweigh of the stock. As such, these errors are typically discovered only when the cargo is discharged from the warehouse, or when the financier or cargo owner seeks an inventory count and weight verification.

To provide an accurate, real-time inventory status of commodities in the warehouse, we have developed a Digital Twin Warehouse solution that dynamically detects and tracks cargo moving in the warehouse without the need for any human input or installation of sensors/ tags on the cargo. This solution uses computer vision techniques relying on cameras installed on the ceilings of the warehouse. With proprietary positioning and depth-sensing algorithms, the solution is able to generate the 3-dimensional real-time coordinates of every object in the warehouse and re-construct the warehouse cargo for visualization purposes. As the solution is integrated with the cargo weighing workflows of the warehouse operator, the weight of each pallet/ bundle of cargo is automatically associated when inbound cargo is weighed.

In commodity asset-based financing, lenders are confronted with fraud risks, especially in emerging markets with false documentation or false declaration of cargo within the warehouse. In order to de-risk lenders, the Digital Twin Warehouse is able to provide real-time verification of cargo financed by the lenders. The Digital Twin Warehouse also enables buyers/ sellers to validate warehouse receipts instantly and remotely at the point of transaction.

We envision a connected cargo platform whereby lenders, cargo owners and warehouse operators get a real-time independent view of the cargo in the warehouse, creating trust and transparency in the commodity and trade financing industries.

How it is applied in the industry

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Driver Behaviour Monitoring

Driver Behaviour is able to help businesses understand how their drivers and fleet are performing in relation to good or bad driving behaviours. It is able to capture parameters such as :

  • Harsh cornering
  • Harsh braking
  • Sudden acceleration
  • Sudden deceleration

The iSPOT® FMS is able to provide a driver behaviour dashboard that provides driver ranking, overview of where events were captured and provide the ability to add penalties or rewards to encourage good driving behaviour. By actively addressing these behaviours through real data, businesses can also reduce costs associated with maintenance and fuel as bad driving behaviours often lead to an increase in both.