“IoT.nxt says the system combines intuitive firearm and inventory management with near real-time device location and event tracking, enabling detailed auditing, reporting, and proactive management of service-issue firearms.”
This sounds quite promising but may be aimed more at private security companies who have to take their liabilities seriously, and where they attribute a value to the cost of securing and managing firearms more effectively.
We recently that with the SA Police, I think they mentioned rolling out only 6 or 15 bodycams per annum, due to costs. As I commented on that announcement, there is a very real cost that runs into millions of Rands per annum paid by the State for crimes, violence, etc committed by the police against the public every year (the public being their employers, taxpayers, and voters). One has to weigh up the cost of something versus the expense of something it is trying to prevent. The same argument goes for the cost of hiring security guards, or for paying of short term insurance.