In these recent years, the IoT asset tracking system revolutionized many sectors with the technology of tracking anything up to the smallest area. A wide range of IoT asset trackers can provide accurate and up-to-date location data. The IoT asset tracker uses a combination of hardware and data services to locate moving assets. Be it from satellite and cellular tracking for global long-haul operations or short-range positional data with Bluetooth and ultrawideband, iot can use both and locate anything. There are several benefits of the IoT tracker; some of them are described below.
● Real-time Location data
One of the most important benefits of IoT asset tracking is gaining real-time data on the assets. You can know where each of the assets is and that can bring truly actionable insights into the business. Having real-time tracking of goods, you can always keep your eye on the assets. Where are they going, where do they take a halt, and for how long? You can calculate the transit time and can optimize the route and whole supply chain based on the gathered location information.
● Optimization and Cost Reduction
This level of insight allows you to significant optimization and cost savings. Depending on your firm’s needs, these optimizations are highly valuable. You can paint a more accurate picture of your inventory with the IoT asset tracking system. You can have more control over your logistics; you can stock and reduce your products more accurately with individual tracking data. Tracking inventory is greatly helpful for delivery and reduces your idle time, which is not good for your business. You can bring more efficiency to your supply chain by knowing which product is going where and scheduling your whole system based on that.
● Quality Monitoring
Real-time data provides significant data for quality checks and transportation. Also, you can get a hold of cold-chain assets and monitor the quality of the product. It allows remote product monitoring, which reduces human error. You can also secure your products or assets with an IoT system.
● Maintenance and Predictive Analytics
Another key benefit of the IoT asset tracker is monitoring and maintenance. If your asset is connected with an IoT tracking system after the sale, like a smartwatch, home, or any utility device, you can know when that system will need servicing. And that can allow you to easily monitor or even provide servicing based on the data. An asset tracker can help you monitor and maintain any asset that is connected to the system worldwide. Predictive analytics is helpful for vehicle assets; you can monitor the system and bring back the vehicle for maintenance before it gets stuck anywhere.
Wrapping Up
Iot provides tracking to security; it is a bundled benefit to your business. You can change the module of your supply chain to better and more efficient productivity. It can help you with all those things.
The Internet of Things (IoT) concept is getting matured as time advances.
IoT has extended its capabilities toward solving problems, which are frequently encountered by the companies.
Also, the technology has started offering multiple solutions across various industry sectors.
For example, while the insurance sector extensively uses ‘vehicle tracking apps’ based on IoT, the same could be put to effective use with the tracking systems installed, for instance, on a fleet of school buses.
Here it reports a real time location to the admin of the fleet system using the GPS and GSM technologies.Enhancing school bus tracking capabilities through Internet of ThingsNow, we do not have a very sophisticated system that can help alert a driver who is distracted, debunked by another driver or surpassed the allowed top speed of the bus.
Supported by Cloud Services, IoT and Mobility, it is possible to establish a common point of data access by the School admin and the parents.
