Question: If you are the largest street pole manufacturer in the country, how do you devise a product strategy to reach new customers and increase sales?
Answer: Develop a new product line to take the pole off the streets.
Valmont had reached market saturation with their city poles and engaged TMB to think of ways to reach new markets with their poles. Together, we envisioned a way to install poles in feed lots across the country by using AI to evaluate cattle health and partnered with their team to take these new poles to market.
HerdSense is a cattle health detection system that uses custom-made cameras installed on Valmont poles to identify anomalous behaviors in cattle. We trained the AI and wrote the software, they provided the hardware. There are 10K feedlots in the US, managing 20M head of cattle and only 10 pen riders. Being able to detect illness early with Herdsense saves $10M per year and increases feed lot yield by 10%.
HerdSense is currently in production and is contributing 20% topline growth to Valmont annually.