15 March 2023
Asset tracking is the process of monitoring and managing physical assets, such as equipment, inventory, vehicles, or tools. It involves using various technologies to track the location, status, and other relevant information of these assets.
Here's a brief overview of how asset tracking works:
Tagging: First, assets are tagged with a unique identifier such as a barcode, RFID tag, or GPS tracker.
Collection of Data: As the tagged assets move around, data is collected by various sensors, readers, and other tracking devices. This data includes the asset's location, status, usage, and maintenance history.
Transmission: The data is then transmitted to a central database or cloud-based platform via wireless networks, such as Wi-Fi, cellular, or satellite.
Analysis: The collected data is analyzed to gain insights into the asset's utilization, efficiency, and overall performance. This information can be used to optimize the asset's use, schedule maintenance, and reduce costs.
Reporting: Reports and dashboards can be generated to provide real-time visibility into the location and status of assets. This allows for better decision-making and improved operational efficiency.
Asset tracking can be performed manually using spreadsheets or with the help of specialized software that automates the entire process. The type of tracking technology used depends on the asset being tracked, the environment in which it operates, and the desired level of accuracy and granularity.