From lock evolution to smart-locking revolution
Since iLOQ’s inception, more than 20 years ago, it has been shaking up the traditional locking industry. First with its digital-key-based solutions and then with its keyless, smartphone-based solutions. But always with its battery-free mindset. Now, it has taken another giant leap forward in access management with the adoption of its revolutionary new software.
With the expansion of the Internet of Things, more and more physical products can now be connected to the internet. This gives vast amounts of data that will help to not only create added value for customer segments, but also a better and faster experience for end users. It’s no surprise, therefore, that companies are looking to move from being purely hardware providers to creating software and analytics-driven solutions.
Better, smarter, more tailored
Think about the evolution in the car industry. Today’s onboard computers give manufacturers a wealth of information on location, performance and even the car’s passengers themselves. This has helped them to design better, smarter, and more tailored modes of transport.
What kind of impact can this have on the locking industry? iLOQ has traditionally been a B2B company. Its initial focus was on helping building owners increase the value of their properties by maximizing security and minimizing lifecycle costs. iLOQ also considered the people who manage the locking systems – making their lives easier by offering easy-to-use software that helps them quickly and efficiently program, update and even cancel numerous access rights with the click of a few buttons. Going forwards, iLOQ considers itself as more of a B2B2C company. It wants to enhance the experience of the people that use its products. Of course, they have always been on the radar, and iLOQ has made it easy for them to move around all their access points using just their smartphone as a key. Now, it is taking the user experience to the next level.
A new ecosystem
iLOQ will continue to provide access, albeit with solutions that go way beyond the traditional lock and key. What is changing is that it will offer a new ‘ecosystem’ that brings so much more.
The revolutionary business model comes from providing a B2B solution which can be commanded, used, and managed by the consumer. By working hard to understand their environments and tasks, and identifying their needs, iLOQ has adopted user-centric design to fulfill their requirements and promote mutually beneficial products, services, and solutions.
With its own hardware (for example, locks and padlocks), phone keys, apps, Online readers, administration solutions and portals, iLOQ has mastered the whole portfolio and end-to-end opening process. It is also enabling value-adding integrations and are co-creating its new offering with ecosystem partners.
It’s an exciting era for iLOQ and a step change for its customers and partners.
About iLOQ
iLOQ is a technology disruptor that has revolutionized the locking industry by replacing mechanical locking to make life limitless. Battery- and cable-free smart locks maximize security, minimize lifecycle costs and enhance the value and sustainability of properties and infrastructures. iLOQ operates in more than 55 countries with over 1,800 partner locations globally. In 2023, iLOQ had a turnover of €141,3 million and more than 320 employees. www.iLOQ.com