IoT asset tracking systems enable the development of tools that significantly increase efficiency in many different sectors. Vehicle fleets, company goods, product shipments, and company machinery were tracked with different systems from the past to the present. In the past, it was enough to track and document assets with human power. The technology that existed in those days only allowed this method, but this has changed over time. Then the barcode system emerged and huge notebooks written by people one by one no longer existed. However, today’s technology in asset tracking is the IoT-based asset tracking system.
As a brand, catching up with technology always allows you to follow a more economical and dynamic way. This is exactly why you should closely examine IoT asset tracking systems and include them in your company structure. In this article, we will take a look at 3 essential benefits of asset tracking solutions supported by the Internet of Things.
What is IoT Asset Tracking?
The asset tracking system on its own comes across as a system created to monitor the movement of assets such as machinery, vehicles, and containers, which are not wanted to be stolen, and which are requested to work efficiently. On the other hand, IoT-enabled asset tracking is defined as a system for monitoring this method with artificial intelligence-supported sensors. Defined as the fastest-growing system in the industrial IoT market, asset tracking aims at the adaptation of Low Power Wide Area Networks (LPWAN) and Bluetooth Low Energy (BLE) beacons.
Growing Importance of IoT Enabled Asset Tracking
The industrial IoT asset tracking market will increase its importance in the next 10 years. Although there are many studies supporting this thesis, we will take a look at a study conducted in 2019.
This research presents a range of data covering 62 industrial asset monitoring leaders. In the surveys, it is claimed that those who use asset tracking IoT solutions are satisfied with asset tracking devices other than GPS. In this context, the prominent features of the IoT asset tracking system are data reliability, data speed, use of sensors with low battery life, and low-cost installation.
Asset tracking IoT use cases reviews provide the most helpful insights into understanding the importance of this technology. The research is done and the examined use cases show that;
By 2027, there will be 267 million active RFID/asset trackers in use worldwide for industrial automation, logistics, supply chain, agriculture, mining, construction, and related markets. IoT asset tracking devices will be used for real-time tracking of different types of assets, including fleet management, shipping containers, machinery, and vehicles.
The Benefits of IoT-Based Asset Tracking System
IoT asset tracking solutions consist of interconnected sensor devices and back-end systems. The main purpose of this entire system is to make real-time data tracking possible. The 3 main benefits that stand out with the IoT tracking and monitoring system are as follows.
Uninterrupted Connection at Any Moment
Asset locations and functionality analyzes are generated through information from sensors. IoT asset tracking sensors with powerful battery equipment allow the connection to continue continuously, as they develop uninterrupted operation both indoors and outdoors. In this way, it becomes possible to perform instant data, remote updates, and comprehensive analysis.
Real-Time and Accurate Information Analysis
Real-time data manages to provide reliable analytics so that every industry can make informed decisions. Thanks to the analyzes created as a result of the uninterrupted connection, various predictions can be made about the future of the sector. Reaching the right information instantly with technology is very advantageous compared to the time reached by human power. You can leverage the analytics data generated by IoT asset tracking to regularly execute both day-to-day business and company goals.
Reliable and Effective Management
IoT asset tracking systems provide effective monitoring of hundreds of critical assets within the company. From a security point of view, problems such as loss or theft of assets are eliminated. Productivity analyses are created to ensure the effective management of assets. Remote software and security updates can be pushed to assets you own instantly. Risk situations such as collisions, deviations from the road, and route changes can be detected instantly. The smart device sensors of asset tracking systems appear as an application that allows you to gain maximum efficiency in the way you manage.
Get IoT Based Asset Tracking System with Boni Global
Boni Global continues to play a major role in the efficiency analysis of companies with its solutions developed within the scope of IoT. You can review the companies that include smart device sensors in their management style in our use cases section. You can get more detailed information by contacting us. All you have to do is leave your contact information so we can set up a detailed asset-tracking plan for your company.