Enhancing Cable Management with Innovative Anti-Theft TechnologiesNov 22, 2023
In the world of asset management, keeping track of, and safeguarding valuable stock of electrical cables can pose significant challenges for companies operating in the energy sector.
Losses in cable drums due to theft, misplacement, and inefficient tracking, have been plaguing the electrical industry for years. Many customers report losing up to 10% of their cable drum fleet annually, while project managers spend 5% of their time simply trying to keep track of these assets. The financial losses associated with this constitute a significant problem, amounting to around $100,000 per year for mid-sized operators and even reaching several million dollars annually for larger Distribution System Operators (DSOs).
With the proliferation of IoT and AI technologies, new solutions are becoming available that can significantly influence the future of cable drum management.
One remarkable application of this technology is the advancement of smart drums and inventory management. By utilising GPS technologies and wireless communication, the monitoring and protection of cable drums in real-time across multiple operational sites is now a reality.
A premium solution is ULTRACKER by Nexans, which has emerged as a pioneer in the field of cable drum management. Utilizing the Internet of Things (IoT) and cutting-edge Artificial Intelligence (AI) technologies, ULTRACKER by Nexans provides a comprehensive solution for round-the-clock cable drum tracking, inventory management, theft detection and efficient logistics management. By integrating AI and edge computing, each cable drum becomes a smart entity capable of accurately gauging remaining cable length and providing desktop visibility when it’s time for a refill or replacement empowering efficiency. With theft and losses rates significantly reduced and operational efficiency reaching new heights, ULTRACKER by Nexans is leading the charge towards a more secure and efficient cable management landscape.
Select your country to find our products and solutions