IOT in Asset Management and Tracking
How IOT has reanalyzed asset management & tracking in the connected world?
One of the foremost favourable application areas of the Internet of Things (IoT) is asset management. This technology intelligence involves state of the art technology that helps in smarter decision making in the slightest degree business levels whereas deciding infrastructure strategies making certain protection and safety with IoT asset tracking systems. A report by mobile experts stated that the asset tracking IoT device market will be triple by 2022.
What is Asset Management & Tracking?
Asset management and asset tracking refers to the systematic method of monitoring and maintaining things for organizations. This might embrace moving assets like vehicle fleets and non-moving objects like healthcare centres, industrial workplace instrumentality, and raw materials.
Usually, manufacturers have been using asset inventory management solutions to monitor their assets and they have been using separate operational technology applications like data analytics, artificial intelligence, and IoT embedded cloud system. All of these have concurred in parallel in an organization and have been used allies for solving different purposes.
Asset Tracking Solutions:
So far, entrepreneurs have been dealing with problems related to their valuable assets and their safety. However, digital technologies solution driven by the Internet of Things is changing the way of users’ track assets through automobile segments.
Epsilon asset tracking platform- enables owners to locate, track, monitor and remote assets in real-time. It also facilitates owners to securely track the real-time location and status of a vehicle. With the help of this, owners can take immediate action in case of emergency.
Asset tracking solution enables Inventory optimization :
By real-time location system, owners/users’ can easily fetch the exact position of forklifts, vehicles and operators at any given time. Based on collected data, real-time location system allows analyzing traffic which helps to identify and eliminate workflow blockage, saving time and money. Using navigation and tracking functions, it can be possible to keep constant track of all monitored objects. Thus, the logistics process will be faster and smoother. In addition to this, using RTLS platform might help to automatically identify and to track the location of a particular worker and sends the relevant task directly to the worker’s tablet. Also system can directed effectively to a new task. And if RTLS detects a truck blocking the nearest aisle, the worker is automatically navigated to a different route in order to reduce time.
Asset tracking solution for business fleet management:
It enables fleet owners to keep track of every single vehicle from anywhere anytime. Our smart vehicle automation products will offer you with crucial analytical information necessary for thinning out the fuel costs, optimizing the routes as well as reducing the operational expenses. When it comes to remote access, you will be able to remotely diagnose any maintenance requirement. Thus, dexterity and toughness of your vehicle fleet are ensured. Rental automotive corporation will leverage our inputs for the aim of providing faster emergency support, a better customer service as well as record driving behaviour.
A healthcare IT solution enables facilities to enhance progress:
In healthcare, real-time location system (RTLS) provides real-time following and management of apparatus, staffs and patients. In RTLS, it contains tags and badges like Wi-Fi, Bluetooth Low Energy (BLE), Infrared, LORA and others. RTLS solutions generally embrace location sensors that are connected to varied assets be it a patient, an employee or a piece of equipment. Utilizing an individual ID, the system will locate the tags and provides you real-time data about its positioning within the facility. Estimation-based RTLS solutions will change following in a hospital’s unit or floor.
Tracking people and asset made simple
Tracking people and assets will considerably contribute to the security and health of the people. Particularly in times of maintenance and turnarounds, once the amount of person increase and activities involves a lot of risks, keeping track of individuals and/or assets can have a result on each safety and efficiency.
Our solution is based on RFID tags. It consists of a tag, carried by someone, that exchanges data with a RFID reader through frequency waves. System collects the information for users to quickly and simply locate people or asset. Status and condition data of assets are often view in real-time, with a customized user interface to solely see relevant data. This permits you to optimize the asset workflow.
Overall, If you’re looking forward to reaping the absolute potential of technology for asset management and tracking, Epsilon electronics has an expertise to provide services and solutions without any consequences you can connect, monitor as well as can effectively manage things and that too with remote access. To get IOT services drop us an e-mail at info@epsilonelectronics.in