IOT service hardware GPS tracking locator enables asset management
Because of the size, price, and longevity of locator devices, the asset management case to support IoT applications is often limited to tracking expensive and heavy equipment. As technology develops, it will be possible to track smaller and cheaper devices in the future.

With the rapid development of IoT technologies such as positioning, communications, and platforms, traditional asset management models are gradually being replaced by intelligent asset management methods. In IoT applications, one of the most promising application scenarios is asset location tracking. Experts predict that the asset location tracking IoT device market will triple in size by 2022, with 267 million active asset locators expected to be used globally by 2027 in agriculture, supply chain, construction, mining and other markets.


The old approach to asset management was to use handwritten checklists or Excel sheets to track asset information. These manual methods can be quite burdensome for asset managers responsible for keeping up-to-date asset records and answering questions about asset whereabouts.


The monitoring system of the Internet of Things uses GPS locators and related management platforms to automatically locate asset location information instead of manual tracking. The GPS locator transmits its location information, which is then displayed by the platform for the user to view.


Depending on the type of business, the location tracking of physical assets also uses different types of equipment, such as IT equipment, tools or vehicles. The IoT asset management application solution can provide enterprises with real-time early warning, predictive analysis, automatic evaluation, data insight and other functions.


The following are some scenarios in asset management that can be based on IoT applications:

Location Location: Solutions for automatic location information, tracking, and geo-fencing.

围栏报警.jpg

Time of use: automatic positioning, recording the time of key events and alarm prompts when the threshold is reached.

定位.jpg

Warehouse Inventory: Automated warehouse inventory management.

Asset-Tracking-Warehouse.png

Because of the size, price, and longevity of locator devices, the asset management case to support IoT applications is often limited to tracking expensive and heavy equipment. As technology develops, it will be possible to track smaller and cheaper devices in the future.