The Internet of Things (IoT) is one of the latest technological innovations helping companies optimise their work processes. With the spread of smart objects in everyday life, companies need advanced technologies to develop and increase profitability. The Industrial Internet of Things (IIoT) offers processed data to support strategic decisions at present and in the future.

To make the most of the power of IoT, companies must also use technology to improve the security of their assets and employees. Inventory differences are a frequent problem due to the numerous thefts that occur along the supply chain. Real-time monitoring and the ability to detect unusual events in IIoT devices can be an excellent solution to prevent theft in the company.

To secure luxury goods, an intelligent security system that takes human action into account is required. Indeed, the security systems currently present in warehouses are often vulnerable to human action and make it difficult to protect property.

The IIoT continues to evolve and in the coming years will provide solutions to tackle the problem of inventory differences, which causes a loss of EUR 49 billion every year in Europe alone due to theft. In this way, the IIoT can help reduce the challenge of theft and improve the security of luxury goods in companies.