Data logging industry prospects interest many investors who see an impressive capacity for growth in the coming years. Data loggers are electronic devices that automatically gather and record environmental data at specific time intervals. Given the increasing importance of data in our daily lives, technologies that allow for the collection, storage, and analysis of data seem well-positioned for future growth.
Today, most people are familiar with the role of data in marketing and advertising. Social media platforms, for example, collect data on users, which they then use to enhance their advertising platform for businesses. However, many people aren’t aware that big data also plays a pivotal role in business operations and supply chains.
Many different industries use data loggers to record the information businesses use to make supply chains more efficient, safe, and affordable. Let’s explore a few of the most noteworthy uses of data loggers across different industries and businesses.
Data Loggers in the Healthcare and Pharmaceutical Industries
Many medical products are temperature-sensitive and must be kept at cool temperatures in order to remain stable. Data loggers play an important role in the healthcare industry by continually and regularly measuring environmental factors related to the safe storage and transport of medical and pharmaceutical products.
Data loggers can collect a variety of different types of environmental data including temperature, humidity, and differential pressure. They can be configured to alert manufacturers when temperatures deviate from specified ranges. Some data loggers can detect when the door or latch of a storage container is left open.
These data loggers ensure that sensitive pharmaceutical products are kept in the required temperature-controlled conditions from point of manufacture until they reach patients. This data can then be submitted to regulators to prove compliance.
Many pharmaceutical regulators require detailed accurate information on the storage conditions of products to protect consumers. So, for many companies, data loggers are not only a safety requirement but also a legal necessity. COVID-19 vaccines provide a timely example of how data loggers are being used during transport of sensitive pharmaceutical products. These vaccines, especially the Pfizer vaccine, must be kept at ultra-low temperatures; to prevent spoilage.
Pfizer vaccines are often shipped in special low-temperature shipping containers to healthcare centers. The containers contain high-tech data loggers that record and monitor temperatures, and are capable of alerting the manufacturer by email when a vaccine delivery is completed. The containers use dry ice to keep temperatures extremely low, and healthcare professionals must remove the vaccines from the containers to a freezer with great care.
Temperature-controlled supply chains, referred to as the cold chain in the industry, have represented a significant part of the global pandemic response. Investors on Wall Street are very excited about the investment opportunity cold chain storage systems represent. However, the potential for growth in the data logger industry extends far beyond the pharmaceutical industry.
Data Loggers in the Food and Beverage Industry
Data loggers are also used extensively in the food and beverage industry for similar reasons: to ensure that food and beverage products are stored and transported at sufficiently low temperatures to prevent spoilage. Many food products must be kept refrigerated before consumption by customers. Failure to do so can result in foodborne illness outbreaks or public health crises.
In the case of a foodborne illness outbreak, consumer protection advocates must be able to trace the origin of the outbreak. The most efficient way to do so is to review temperature data. During such a review, regulators can determine at what points temperatures were too high and possibly caused food products to spoil. The food products that have passed through that facility can then be traced in order to contain the outbreak.
Data logging is important because it can literally save lives in the case of a foodborne illness outbreak. Data loggers are the most affordable, accurate, and reliable way to collect and record this data.
In the past, temperatures in all relevant industries were manually recorded. A person, using a thermometer, manually measured and recorded temperatures. This method was labor-intensive and prone to human error.
According to Dickson Data, data loggers represented an important technological innovation to simplify and automate this practice. This technology was very significant for food and beverage companies since, much like healthcare companies, regulators require them to record and present temperature data to protect consumers. To abide by strict compliance requirements, food and beverage companies must collect, record, and submit this temperature data to regulatory agencies. Data loggers make that easier and less expensive.
Businesses also take additional steps to ensure temperature stability during transit. These strategies include the use of dedicated vehicles, doubling packaging, and using phase-change gel bricks. Reliable data collection and analysis allow companies to make decisions about which of these technologies make the most sense for each business.
Data Analysis for Cold Chain Storage
Not only can data loggers collect and store temperature data internally, but they can also export this data to external software for analysis. This powerful software can analyze data to detect patterns, irregularities, and potential liabilities throughout the manufacture, transport and storage processes.
Data loggers can be used not only for consumer safety but also for business intelligence and even for boosting sales. Business owners can use software to analyze the data and gain valuable insights into improvement for reducing costs throughout the supply chain process. Data loggers can also be set up to alert company management of malfunctions in storage or transportation equipment.
This data analysis software represents another opportunity for economic growth and is one reason why many investors are eager to invest in the sector. Software that parses large quantities of data is becoming increasingly important for many companies that need to automate the process of reviewing large datasets and drawing conclusions from them.
In conclusion, it’s clear that the data logger industry is already growing tremendously and is well-positioned for future growth due to the importance of big data in business intelligence and decision-making.