The 3 P’s of IoT Innovation

When it comes to IoT and IoT platforms, innovation is not just about technology; it’s about a mindset that drives progress. The Three Ps of IoT Innovation—Patented, Passionate, and Performance—are key pillars that underpin groundbreaking advancements in this field. By delivering patented, high performance technology that is backed by a passionate team of innovators, Link Labs seeks to not only provide value to our customers, but to influence the innovations of the future and enable new technological breakthroughs.

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The First P: “Patented”

In the realm of IoT innovation, the role of patented technology cannot be overstated. Patented technology in IoT innovation signifies a unique and novel approach to solving complex problems. It provides companies with a legal framework to protect their innovations, thereby encouraging investment in research and development. Obtaining patents for your innovations not only safeguards your intellectual property but also encourages further innovation by providing a competitive edge. Patents also signal to investors and partners that your ideas are unique and valuable, opening doors to collaborations and funding opportunities.

One of the key benefits of patented technology in IoT innovation is exclusivity.To truly innovate in the IoT space, it’s essential to protect your ideas and creations. By securing a patent for their technology, companies gain exclusive rights to use and license their invention for a set period, typically 20 years. This exclusivity allows companies to capitalize on their innovation and recoup their investment, driving further innovation in the field. For customers, this means that you can rest assured that the technology you’re using is truly as one-of-a-kind and effective as it claims to be – derivative and ineffective technologies, after all, would not be able to easily obtain a patent.

Moreover, patented technology provides a competitive advantage in the market. It sets companies apart from their competitors by offering unique features and functionalities that cannot be easily replicated. In the context of asset tracking, a patented tracking system may offer superior accuracy, efficiency, or reliability compared to non-patented solutions. Our AirFinder solution, for example, has a unique way of combining different location technologies to provide higher accuracy. Our AirFinder Ultra onsite solution is especially notable for its combination of UWB and BLE, which allows for high precision without the typical high energy consumption and high price point associated with most UWB asset tracking solutions and other IIoT devices.

Another crucial aspect of patented technology in IoT innovation is its role in fostering collaboration and partnerships. Companies with patented technology are often sought after for collaborations and partnerships, as their innovations can add significant value to other products and services by virtue of their unique features and capabilities. This collaboration can lead to further innovation and the development of new solutions that benefit the industry as a whole, providing a wider range of more advanced solutions for customers with unique needs. A company with patented technology is one that appeals to more partners and development opportunities, and a company that appeals to more partners and development opportunities is one better equipped to serve their customers’ needs.

Furthermore, patented technology can act as a barrier to entry for competitors. The cost and complexity of securing a patent can deter competitors from entering the market, giving companies with patented technology a competitive edge. This barrier to entry can help protect market share and ensure a strong position in the industry. From a customer perspective, being able to ascertain whether or not a company within the IoT industry is delivering patented technology allows them to better assess the quality of the product and team they are looking to invest in. With so many companies trying to dip their toes into the growing IoT shallows, this differentiation makes it easier for them to identify quality solutions and companies on the first try.

Here at Link Labs, we boast over 29 patents in the United States alone, along with a number of international patents. We are always looking to expand our catalog so that we can expand our offerings and our value to both new and existing customers. Backed by a team of talented engineers, we understand the importance of patents within the realm of IoT innovation.

The Second P: “Passionate”

At the core of IoT innovation lies a deep-seated passion for pushing the limits of what is possible. It is this passion that drives innovators to explore new ideas, experiment with novel technologies, and challenge conventional thinking. It’s the relentless pursuit of excellence, the unwavering commitment to solving complex problems, and the boundless curiosity that fuels creativity. Passion drives IoT innovators to push boundaries, explore new possibilities, and transform ideas into reality. Without passion, innovation becomes mere invention, lacking the transformative power to change the world.

Passion is essential for overcoming the inevitable challenges and setbacks that come with IoT innovation. The journey of innovation is fraught with obstacles, from technical hurdles to market complexities. It is passion that keeps innovators going, driving them to persevere in the face of adversity and turn setbacks into opportunities for growth. The only IoT companies that persist are the ones driven by enough passion to overcome these obstacles year after year and use those challenges to foster their creative journey.

Moreover, passion is contagious and has the power to inspire others to join the quest for innovation, keeping aware of and creating IoT trends. When individuals are passionate about their work, it radiates enthusiasm and motivates others to join the cause. Passionate innovators can rally teams around a shared vision, fostering collaboration and collective effort towards a common goal. When you have more people on your team working together toward a common goal that they are enthusiastic about, you have more ideas at your disposal and a greater chance of not only succeeding in your goals, but thoroughly exceeding them.

Furthermore, passion drives a relentless pursuit of excellence in IoT innovation. Passionate innovators are not satisfied with mediocrity; they strive for perfection in every aspect of their work. This pursuit of excellence leads to the development of high-quality solutions that deliver tangible value to businesses and consumers alike. Passionate innovators are not just creating new technologies because it’s their job – instead, they are fully invested in creating something that they can be proud of, leading to a higher quality product with a more useful range of applications.

Passion also plays a crucial role in driving continuous improvement and innovation. Passionate innovators are always seeking ways to enhance their solutions, pushing the boundaries of what is possible. In the field of asset tracking, this drive for continuous improvement leads to the development of more advanced tracking technologies that offer greater accuracy, efficiency, and reliability. For instance, over the years, Link Labs has progressed to provide up to 30 centimeters of accuracy, with our team of engineering experts keen to show just how far they can push the limits of technology and their own minds.

The Third P: “Performance”

In the world of IoT, performance is paramount. Whether it’s the speed and reliability of data transmission, the efficiency of energy consumption, or the accuracy of sensor readings, performance is what sets innovative IoT solutions apart. High-performance IoT devices and systems not only deliver superior user experiences but also pave the way for new applications and use cases that were previously unimaginable. This technology forms the backbone of innovative solutions, enabling real-time tracking, data analytics, and seamless integration with existing systems. In the context of asset tracking, high performance technology is essential for ensuring accurate and reliable tracking of assets, regardless of their location.

One of the key benefits of high performance technology in IoT and IIoT innovation is its ability to deliver real-time insights. With the use of advanced sensors and connectivity solutions, businesses can track the location, status, and condition of their assets in real time. This level of visibility enables businesses to make informed decisions, optimize operations, and improve overall efficiency for increased results. While having this data for historic insights is also beneficial, the ability for real-time insights is what enables quick responses to minimize disruptions and keep daily operations on track for success.

In terms of the historic data collection, however, high performance technology enables businesses to leverage data analytics to gain valuable insights into their operations. By analyzing data collected from tracking devices, businesses can identify trends, detect anomalies, and predict future outcomes. The more data that they’ve collected with the system, the more that data can be applied to make informed, reasonable decisions about improving operations and future forecasting. This data-driven approach empowers businesses to make strategic decisions that drive growth and profitability.

Furthermore, high performance technology plays a crucial role in enhancing security and reducing risks in IoT innovation. With advanced security features such as encryption, authentication, and access control, businesses can protect their assets from theft, tampering, and other security threats. This level of security is essential for businesses operating in high-risk environments or dealing with sensitive assets, as well as those that commonly lease out those assets or let them sit unattended for extended periods of time. High performance means high visibility at all times, which means a greater chance of preventing the loss of or recovering missing or stolen assets.

In addition to security, high performance technology also enables businesses to improve the efficiency of their operations. By automating processes, reducing manual intervention, and streamlining workflows, businesses can achieve greater efficiency and productivity. Asset tracking in particular saves workers from a variety of menial tasks, including recording tool use, trailer exit and entry, and searching for anything that’s been lost or misplaced. Any tagged asset will have the ability to automatically report this information, so workers only need to periodically check the system to ensure that it’s receiving data correctly. This frees up more of their time to do what they were actually hired to do, thus increasing efficiency and output.

How Link Labs Fulfills the 3 Ps of IoT Innovation

Here at Link Labs, we understand that the Three Ps of IoT Innovation – Patented, Passionate, and Performance – are not just individual traits but interconnected principles that drive meaningful progress in the IoT landscape to provide increased value to customers. That’s why we strive to fulfill all three of these important principles in everything we do. Between our over 29 patents, our skilled team of engineers, and our high performance technology, we believe in and promote the power of transformative solutions that shape the future of technology and society. For more about how our innovative solutions seek to provide value in logistics, manufacturing, and beyond, book a demo with our dedicated team of experts today.