Published By : 10 Feb 2016 | Published By : QYRESEARCH
Recently, there were speculations about the acquisition of Ocado, the online grocery delivery group, by Amazon. Post confirmation that Amazon was not acquiring Ocado, the share price of the company fell significantly. However, experts point out that this is not going to affect Ocado. The tech company in Britain is being closely watched by the industry while it is creating a number of new technologies and generating massive revenue.
Ocado’s Wireless Technology to Increase Warehouse Efficiency
The company has launched its wireless technology that would integrate with its wider Ocado Smart Platform (OSP). Ocado has partnered with Cambridge Consultants to develop the technology which will help the company to control around 1,000 machines and communicating with them 10 times a second within an area of the size of an Olympic swimming pool. This system will help Ocado to reduce its dependence on manpower across its vast customer fulfilment centres. Across the retail industry, warehouse efficiency is a key factor determining the profits of players. With this technology, Ocado is targeting the players in the retail sector. Cambridge Consultants boast of one of the largest independent wireless development teams across the globe. According to Tim Ensor from Cambridge Consultants, the technology offers a completely customized solution to maximize the warehouse efficiency for Ocado.
Other International Retailers Taking Interest in Ocado’s Technology
The wireless technology developed by Ocado can revolutionize the warehouses across the globe. The company is already selling its patented system to other international retailers. Apart from logistics, the system can be used to control fleets of semi-autonomous vehicles across construction sites, airfields, and factories. Earlier this month, the company announced that its profits are increasing 65% year-on-year with gross revenue crossing over US$1.5 bn.