Key Applications of IoT-Enabled Asset Tracking Solutions

CIO Applications| Friday, July 30, 2021

Asset monitoring is growing in popularity as we all see the advantages of better tracking of products. Businesses will be able to follow high-value assets optimally and assure safety at an exceptionally low cost by enabling IoT-based monitoring solutions.

FREMONT, CA: For decades, asset tracking has been crucial in the supply chain and manufacturing industries, allowing organizations to monitor resources and processes to increase overall efficiency properly. For years, asset tracking was done via cellular or satellite technology, which became expensive, lacked sophistication, and finally failed to fully leverage asset monitoring potential.

Asset tracking applications are becoming increasingly widespread, pervasive, and smart thanks to the recent emergence of the Internet of Things (IoT)-enabled systems. We can now share not only the asset's location but also crucial data about it, thanks to the Internet of Things.

Here are two uses of IoT-enabled asset tracking solutions:

Smart supply chain and logistics

Tracking high-value assets while they're on the move is critical for ensuring that products are delivered securely and quickly from one site to the next. Long-range, low-power IoT technology is the best option because it's simple to set up and cost-effective compared to other connectivity options. Some platforms incorporate a modular and adjustable chipset that automatically transitions between outdoor and interior activity, removing the need for separate indoor and outdoor trackers.

For indoor and outdoor asset management, several platforms include unique battery-powered tracking devices. These devices can be used for various purposes, including tracking pallets and warehouse equipment, as well as inventory and shipping management.

Cloud-managed asset and facility monitoring

Enterprise asset management solutions are frequently not pre-integrated with the facility's underlying network, resulting in lengthy deployment cycles and scaling challenges. On the other hand, businesses must be able to monitor high-value assets and environmental conditions in facilities and warehouses.

To address this, company owners are turning to all-in-one asset and facility management systems based on the LoRaWAN standard offered as a cloud SaaS service. This system uses long-range and low-power sensors to discover opportunities and issues impacting operations, worker safety, and income.