An asset tracking system is defined as a mechanism that enables various businesses to obtain up-to-date data on the physical assets they own. Thanks to asset tracking and management, detailed information such as location, maintenance times, and processing processes of assets can be viewed instantly. The biggest advantage that the asset tracking system brings with it is the development of a central technology instead of manpower. Thus, companies can direct their manpower to more necessary systems. With asset management solutions, it becomes possible to monitor your internal processes more easily and effectively.
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How to Develop Asset Tracking Systems?
Asset tracking systems are created when you want to track physical assets within the company. To create an asset tracking system, you must apply a GPS tracking system, barcode scanner, or radio frequency identification (RFID) hardware to the physical assets you want to track. According to the current research, the asset tracking market size will make great progress until 2027. By adapting your company to up-to-date technologies, you can succeed in becoming a leader in the field in which you operate.
Assets management software can be installed to keep track of any critical asset or set of assets your organization has. With asset tracking software, the information of the items tracked is collected and presented to you with understandable reports. Data collected may include asset maintenance reports, usage data, physical location, breakdowns, and costs. The most tracked assets in various sectors are fleet vehicles, computer equipment, safety equipment, building materials, building equipment, and machinery. The assets in this list only provide abbreviated data. Organizations can shape this list according to their own needs.
Benefits of Asset Tracking Systems
The benefits to organizations of installing an asset tracking system are undoubtedly enormous. Some of the prominent benefits are:
Opportunity to Reduce Administrative Costs
Taking advantage of the asset management system plays a major role in reducing administrative costs. Instead of assigning personnel for each asset in the organization, assistance can be obtained from an asset management software. Being tracked manually with manpower is one of the biggest causes of time loss. In addition, negligence that leaves room for human error and theft of energy may have other consequences. Assets tracking systems come with automation that leaves no room for error. Thus, company personnel can take part in more critical or important tasks where manpower is required.
Development of Regulation
You need to register and track each asset in the company. Asset tracking, which is implemented in line with different industries, is subject to different legislative regulations. For example, organizations that want to use asset tracking systems to track forklifts in the factory environment can track the efficiency, location, and maintenance times of forklifts with up-to-date automation. In another example, organizations carrying dangerous goods are held responsible by the state for asset tracking. It is necessary for a healthy working process to monitor the substances that are harmful to the environment and human health. Asset tracking systems can be flexibly adapted to various regulations. Responding to the needs of every organization is one of the prominent benefits.
Establishing Asset Dominance
If you haven’t come up with a solution to monitor the assets in your organization, the chances of these assets being damaged, misused, or lost are very high. Asset management solutions allow you to carefully examine your assets and know exactly where they are, how they are, and who they are held responsible for. Knowing that assets are used efficiently becomes possible thanks to asset tracking systems. With asset tracking systems, it becomes easier and more effective to establish asset dominance and execute strategic plans based on fundamental data. Access to accurate and up-to-date data is possible with asset tracking in order to take your business decisions with confidence.
Asset Tracking Solutions Developed with Boni Global
Boni Global includes the asset tracking system among the solutions it produces with IoT. Boni, which acquires tracking equipment with BLE, UWB, and GPS communication protocols, makes asset tracking applications indoors and outdoors. BLE, UWB, and RTLS-based indoor positioning equipment are integrated into the assets within the organizations and provide a continuous data flow. The collected data is displayed through the IoT asset tracking platform.
Including the use of panels allows you to examine in detail the data acquired by indoor and outdoor positioning. Asset tracking is possible in list view or map view. Thanks to the reports in the panel, efficient, safe, and profitable strategic plans can be made based on data.
In the tracking asset solution, flexible systems are created that can be adapted to the use cases of various sectors. Hybrid tracking equipment is robust, small, and easy to install. Being ready for indoor and outdoor integrations allows them to have different mounting options. Their special water and dust-resistant designs enable uninterrupted asset tracking.
It is enough to contact Boni Global and inform your sector needs. Then, you can benefit from the follow-up solution packages created specifically for you and make progress in the management of your organization.
