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At the Top of our Game

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We know we said we were going to have a good start to the year but even we couldn’t have predicted this! We have just been placed 2nd on the Smartech Innovators list! 

The list comprises of 100 innovative companies that are impacting sectors across all different industries including, retail, agriculture, manufacturing and transport. We are honoured to have been ranked so high alongside some amazing companies that are disrupting their sectors.  

This is a great achievement for our company, and we could not have achieved it without our amazing team! 

This isn’t the only good news we’ve had so far this year. We have been nominated for great awards and shortlists and had some amazing PR coverage in the last couple of months.  

  • After many gruelling pitching rounds, we reached the semi-finals of KPMG’s ‘Best British Tech Pioneer 2020’.  
  • Hark was featured in ‘The Times’ as part of the prestigious Raconteur report. This special edition report was surrounding IoT for Business and it explored the continued widespread application of IoT and how IoT-enabled cities are changing the way we live, increasing the speed and efficiency of urban services.  
  • We were shortlisted as one of the top companies to look out for in 2020 by Insider Yorkshire for the Digital Engineering and Technology section.  
  • We were awarded IoT Project of the Year at the Digital City Festival awards for our connected buildings project.  

We are so proud of what we have been able to achieve this year and can’t wait to see what the rest of the year holds!   

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Mike Jeffs
Mike Jeffs

Further Reading

The Past, Present and Future in Shrinkage Data
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The Past, Present and Future in Shrinkage Data

The UK is reported to have the highest level of shrinkage in Europe. The main cause of shrinkage in the UK is theft which accounts for over £5.5billion per year with over 1,000 daily incidents happening at the checkout! The top stolen items include the likes of delicious cheese, alcohol and sweets. A common way that sneaky shoppers are taking full advantage of less-than-intuitive self-checkout systems is by replacing expensive products with in-expensive products of similar weight!

Managing Retail Inventory in Real-time with IoT Enabled Stock Tracking
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Managing Retail Inventory in Real-time with IoT Enabled Stock Tracking

Put yourself in the shoes of a customer; you go to a reliable store for a product that you really want, but it isn’t there! Immediate reaction? Go elsewhere. Stock shortages in supermarkets usually leave shoppers feeling frustrated and wondering as to why the goods aren’t available, resulting in the loss of business, which often goes to competitors.

Convenience Stores; The Inconvenient Truth of Retail Shrinkage
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Convenience Stores; The Inconvenient Truth of Retail

Retail shrinkage is the destruction of profit margins through the loss of stock. Theft accounts for over £5.5 billion per year. This is hard for national chains to endure, but even harder for small convenience stores to cope with.

Case Study: Scaling with a Top Four UK Retailer

The Hark Platform revolutionised efficiency for a top 4 UK retailer. £0.5 million saved in 3 months. 600 stores nationwide. 368 million daily readings. 24,000 assets monitored.

Find out more about the Hark Platform...

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