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Nkt releases digital cable drum tracking solution
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NKT A/S
Vibeholms Allé 20
DK-2605 Brøndby
Denmark
T: +45 43 48 20 00
www.nkt.com
CVR 62725214
Press Release
17 December 2018
NKT releases digital cable drum tracking solution
With a new IoT-based platform NKT is now ready to meet customer demands for smart
tracking of cable drums and improved project management processes. This will annually
save utilities, energy providers and installations companies thousands of Euros, improve the
utilization of cable drums and minimize the risk of cable theft.
NKT is ready to revolutionize asset- and project management in the power cable industry
with the digital platform TrackMyDrum that enables smart handling of cable drums.
TrackMyDrum is developed by NKT’s digital hub THINKT Digital in close collaboration with
German companies in the energy and installation industry to meet their demand for smarter
asset management. Each year, these companies have large costs related to fees for delayed
drum return, for drums left on or stolen from construction sites, as well as inventory
management. All challenges that are easy to handle with the new digital platform.
- We see a great demand in the market for smarter asset management. With TrackMyDrum
we can ensure an improved utilization of cables, less waste and scrap, smooth drum journey
and accelerated operations of our customers. We simply track, digitize, document and notify
the users of the tool of the entire drum and cable journey from delivery to return, says Oliver
Schlodder, Executive Vice President and Head of Service & Accessories in NKT with
responsibility for the digital hub.
Created by the industry
TrackMyDrum is a combination of a digital platform, smartphone app and connected IoT-
sensors collecting the data needed for the smart asset management. Customer input has
been a key element in the development of NKT’s new drum tracking platform.
- It has been an amazing journey to experience and enhance the level of collaboration across
the industry. We started with the simple drum tracking idea that grew into a full-fledge project
management tool to empower our customers. Now, they can easily get a full picture of the
cable usage and the entire drum journey. All the features are based on the feedback and
input provided by the professionals handling power cables and drums every day, says
Veaceslav Driglov, Head of THINKT Digital explains.
TrackMyDrum is already in use at utilities, installation companies and cable vendors in
Germany, and NKT is now working to bring the digital tool to even more customers in
Germany and across Europe.
Key features in TrackMyDrum
• Smart asset tracking to know exactly when drums and cables arrive, which project
they are aimed for and how much cable is left on the drum
• Rental period of the drum is highlighted and alerts are sent out to ensure return in
time
• GPS tracking for full overview of drum location
• Geo-Fencing to reduce theft and lost drums with GPS-based alerts when a drum is
moved outside of a pre-set area
• Damages on the asset can be directly reported
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TrackMyDrum developed by THINKT Digital has been released on Google Play and
App Store. The Smart Asset- and Project Management tool is now available for download
and usage by anyone handling drums and cables.
More information on site.trackmydrum.com
Media contact
Pelle Fischer-Nielsen, External Communications Lead,
+45 2223 5870 / pelle.fischer-nielsen@nkt.com
Customer contact
Virginia Palm, Venture Partner
+49 172 3473 123 / virginia.palm@thinkt.digital
NKT is now ready to meet customer demands for smart tracking of
cable drums and improved project management processes with the
digital platform TrackMyDrum.
Companies in the energy- and installation business can now
reduce costs for lost drums and fees for delayed return with the
digital platform from NKT.
NKT see great demand in the market for smarter asset
management and with TrackMyDrum the company now ensure an
improved utilization of cables, less waste and scrap, smooth drum
journey and accelerated operations for the energy- and cable
installation industry.
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About NKT
NKT has pioneered the cable industry since 1891, and today we are still proactively meeting the world’s
constantly growing need for power. We achieve this with our unparalleled energy transportation expertise
and cost-effective manufacturing at the highest technological level, and with the regeneration of the
environment in sharp focus. We have a ‘glocal’ mindset rooted in trusted partnerships, and we firmly
believe that by working together we can shape the future and use our passion to bring power to life.
THINKT Digital is the innovation hub of NKT developing digital tools and solutions to the energy-, power-
and cable industry.
NKT is a global and recognized provider of turnkey AC/DC cable solutions with headquarter in Denmark.
We employ approximately 3,400 people, and realized a 2017 revenue of EUR 1,42 billion. NKT is listed
on Nasdaq Copenhagen. www.nkt.com