There are numerous cases of asset tracking services in use in the today’s world. An asset tracking system can be used in many industries, including healthcare, manufacturing, and even education. First of all, IoT asset tracking devices can be embedded into items to prevent their loss. These IoT-enabled asset tracking solutions will help to prevent the items from being moved without authorization, and provide the exact location if they are lost or stolen. Currently, even some original equipment manufacturers and construction companies incorporate IoT technology into their products. Such a comprehensive solution is actually a great step towards better inventory management and preventing the loss of industrial assets.
IoT sensors also make the asset-tracking more efficient by automating the processes of asset administration. With the help of an asset tracking system, companies can eliminate manual tasks, save on replacement costs, and free up valuable resources for other tasks. IoT-enabled asset tracking systems can also be used to notify firms of major issues or alerts, which can be crucial in high-risk production factories, fleet management, and healthcare. With IoT asset tracking solutions, organizations can quickly and accurately respond to any problem or emergency, regardless of whether it is a natural disaster or human error, which will reduce the total cost of repairs and give a space for new revenue streams.
Additionally, real-time asset tracking systems are a great tool for educational institutions. Using IoT-connected devices, they can track the use of expensive electronics in real-time. They can also track access to labs and other equipment. Just one IoT-based asset tracking device in an educational institution can simplify the acquiring of real-time data on mobile assets’ location and equipment state, and improve connectivity within the institution.
This technology can also be used in logistics firms. For example, in logistics, thanks to global cellular coverage, IoT devices can provide reliable data on asset location. TEKTELIC has successfully implemented the LoRaWAN solution to a navigation app in Switzerland. This application has optimized customers’ and bus drivers’ experience on the road. With the use of TEKTELIC KONA Macro and Micro gateways, bus drivers can connect to a network that provides data on occupancy, parking, best time route, and location information of critical infrastructure as gas stations, etc. This tracking solution applied in tourism is suitable for different industries and can make a lot of services more cost-effective.