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The Power of the Ecosystem Set to launch in February, Bamford likens TESSALink to a newly built stadium, where people will start buying their tickets and essentially experiencing the game (in this case, pushing information into the database). But he also understands there’s a lot about TESSALink that people will need to wrap their heads around—especially within an industry that has shown a reluctance to embrace technology. “It’s important to know where we’re coming from, in order to understand


where we’re going,” he noted. “When you speak of this concept ‘internet of things,’ or in our case, industrial internet of things, it comprises a pretty broad spectrum—from a refrigerator telling you that you need milk to something that saves lives out in the oil fields. “Where we came from was tracking assets (RFID tagging)—markets


were industrial lifting, industrial hose, pump, oil fields—but the common element was that you’ve got these assets that have to be tracked, for safety and certification. And there’s also inventory, as well as work-order management, preventative maintenance, and the safety side.” Utilizing “the cloud” to link various technologies like RFID, phones, tablets, apps—internet recording, essentially—will allow InfoChip to pool tech together and enable companies to manage asset data efficiently and quickly within one database. “It allows for this great registry of information now, in the cloud,”


Asset tracking detail viewed on mobile device


Bamford said. “You can have your team working on hundreds of locations, with customers with equipment that moves all over the country. You can track it all centrally. You can also enable multiple companies to participate in the lifecycle—the ecosystem—cradle-to-grave stuff, where it gets assembled, tested, the customer uses it, they move it around, it gets inspected, retested, and so on. Tis could involve two or three companies, or more. If you have it all in the


WIRE ROPE EXCHANGE JANUARY–FEBRUARY 2017 27


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