Asset Monitoring & Tracking

The process of asset tracking involves tracking the location of assets. Asset tracking has the purpose of avoiding theft and loss, gathering valuable business information, and maximising operational efficiency.

 

Tracking physical assets using labels or tags that transmit their location, such as GPS, Bluetooth, LoRa, or RFID. Additionally, these technologies can be utilized for tracking the location of individuals, IT assets or Moveable assets be it Indoor our Outdoor or on Move.

What are Assets?

Enterprise assets are the core to the operation. They can be classified under 


People- employees is the backbone of any organization. Large working places require a real time aware systems that facilitates business process and manages resources for effectiveness and efficiency.


Fixed Asset or IT assets- are defined as any ‘permanent’ object that a business uses internally including but not limited to computers, tools, software, or office equipment. Assets can also be your warehouse inventory and stocks.


Non Fixed or Moveable assets- assets from industrial machines like forklift, earthmovers to trucks, trailers or fleets.

Everything that you own is at risk of disappearing. For many businesses, it's also very costly because it leads to loss of equipment, manpower productivity, and inventory. Asset tracking can help with this. Selecting the right technology for asset tracking can prove challenging.

Our tracking technologies cater to a variety of needs, so you can find one that fits your needs. The technology that is appropriate for your business use case depends on what you are looking for, what the implications are for your business, and in what environment you wish to deploy the solution. No single technology is ideal for every business use case.

The primary technology categories behind asset tracking solutions are

  • Barcodes or QR Codes

  • RFID

  • Bluetooth / BLE

  • WiFi

  • Cellular

  • GPS

Technology Options

Barcodes or QR codes

A unique identifying feature without necessarily providing location or timing data. Are affordable, reliable, and massively scalable.The only major disadvantage of using a scanner is having to scan each barcode & QR code one at a time.

RFID

The benefits of radio-frequency identification have been demonstrated in countless use cases and locations. Costs and ranges vary based on the type of RFID you use, such as low frequency or ultra-high frequency.The RFID configurations include both passives without batteries and actives with batteries.

Bluetooth / BLE

Indoor positioning is among the most common uses of Bluetooth Low Energy (BLE). A BLE system usually establishes its own wireless network by combining Beacons and Hub devices. It is not necessary to have a clear line of sight between the scanner and the tag. With BLE technology, parameters such as temperature, vibration, pressure, noise, etc. can be monitored to identify any deviations from the norm.

Connectivity

With its widespread adoption, WiFi is one of the most recognized asset tracking technologies. WiFi offers many advantages for asset management. Low-power wide-area network (LPWAN) applications for tracking assets have seen tremendous growth in recent years. Some of the more widely known technologies in LPWAN asset tracking are LoRa (long-range) technology, NarrowBand IoT (NB-IoT), etc. In terms of truly global asset tracking, GPS and cellular systems come out on top. A cell phone tracking facility, such as cellular asset tracking, can pinpoint an object's location much farther away using 2G technology. A GPS system, on the other hand, can facilitate fairly accurate positioning and relative motion tracking, among other things.

Decide on the right technology

Mobility

Your assets must be tracked according to their mobility. The short-range asset tracking technology is suitable if there is only a limited movement within a certain area like a facility, a building, or a room. GPS for long/wide-range tracking can be used for assets that are moved across many locations.

Accuracy 

While some technologies like BLE can track assets on a zonal level or with a few meters' accuracy, Ultra-wideband (UWB) can determine their location with an accuracy of a few centimeters. For this reason, the accuracy needs of the use case are crucial to determining the right tracking technology.

Frequency 

It is not necessary to track assets in real-time in every use case. You can, for instance, scan assets at the entrance and exit of a warehouse to determine if they are there. The RFID tags and reader at the points of entry and exit are used in this case. Real-time tracking technologies such as Bluetooth Low Energy, Wi-Fi, or GPS are better suited for tracking your assets every minute or hour.

  • Enables Asset Recovery and GPS Positioning

  • Improve Customer Service

  • Real-Time Asset Management

  • Increase Productivity and Reduce Labor Waste

  • Avoid Unnecessary Repair and Maintenance Costs

  • Allows Maintenance Tracking

  • Conduct Asset Audits

  • Ensure Regulatory Compliance

  • Ensure Employee Safety

  • Understanding Equipment Utilization

  • Lower Administrative Costs

  • Enables financial transparency

  • Understand Health of Asset

Benefits of Asset Tracking

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