MachineQ, a Comcast company, has announced a new asset utilization offering that is aimed at enabling organizations in the life sciences sector to run more efficiently and make better use of their assets.

For example, pharmaceutical companies have an asset utilization rate of only 35%, which consulting firm McKinsey & Company characterizes as “significant underutilization.”

The new platform can help research companies reach the full potential of their assets, according too MachineQ. It relies on IoT and data analysis to provide control over capital costs; boosts sustainability by enabling energy-intensive assets to be powered down when they are not being used; enhances calibration and maintenance; facilitates more efficient use of space, and otherwise helps organization run more smartly.

“We’ve developed this solution to provide further context and help layer on information to real-time location data being delivered already,” Steve Corbesero, Jr., director of product and solutions, MachineQ, said in a prepared statement. “While we’re beginning with an offering of analysis-rich data derived from our occupancy and vibration sensors to help determine asset usage, we are actively incorporating additional sensors to broaden the range of supported asset types. And like we do with all our solutions, look to leverage the same IoT network infrastructure for an economical offering to our customers.”

MachineQ says that lab managers and operations teams are among those likely to find value in the platform. The teams are likely to benefit from the ability to “infer asset utilization based on a mix of asset location, time of flight, and presence detection data using sensors and devices placed on assets,” the company says.

The company offered two examples of how the platform can be used:

  • Presence sensors placed at laboratory workbenches, biosafety cabinets, and other stationary assets to detect presence and dwell time provide insights into how often and for how long these assets are used.
  • Vibration sensors placed on lab equipment with motors, such as centrifuges, can extrapolate utilization data based on vibration levels and lid open/close activity to provide similar information.

The platform also is applicable to the food and beverage, hospitality and other industries, MachineQ says.

In July, MachineQ announced a suite of active asset tags, which feature diverse form factors, environmental ratings and capabilities to meet a range of asset tracking needs, according to the company.

Cox Communications also is active in the IoT sector. In June, it introduced GearTrack. As the name implies, the product — which is from Cox 2M — enables organizations to keep tabs on components, parts and finished goods. Data collected from sensors integrates with enterprise resource planning, product lifecycle management or manufacturing execution systems to enable the best possible decisions, according to Cox.

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