How Does Asset Monitoring Work?

IntroductionAsset monitoring is the process of employing linked gear and software to remotely track the location and state of equipment at a factory, warehouse, or industrial site. For instance, assets in the context of manufacturing operations can comprise machinery, components, and production lines.

Uses of Asset Tracking Equipmentandcorporateassetscanbemanagedwherevertheyarethankstoassettracking andmonitoring. Usescenariosconsistof: ● GPS integration provides more precise IoT asset tracking and monitoring in products, machinery, and transportation ● Enhancing the effectiveness of the production process, distribution, and transportation routes ● Improving predictive maintenance based on trends discovered over time from supply chain data collection ● Utilizing IoT connectivity and management software to carry out crucial asset monitoring for high-value and mission-critical assets

Can Assets Be Monitored Most Effectively?

How

A number of technologies, such as remote asset monitoring in industrial applications, IT asset management for businesses,andassetmonitoringandcontrolinhospitalsandthehealthcaresector, serveimportantbusinessgoals. Theseconsistof: ● RFID tags are small electronic devices that transmit and store data about a product or inventory, including its position. ● Devices that may be incorporated into equipment and tracked using software and transmit through cellular networks or satellites are known as global positioning systems (GPS). ● a tangible label attached to an item that can be scanned using a smartphone is a barcode. ● A short-range wireless technology that can share data with neighbouring devices is Bluetooth Low Energy (BLE). ● NFC is a two-way communication technology that is frequently utilised in mobile wallets and other contactless payment systems.

Benefits of IoT Asset Monitoring

● Remote inspections and smart asset monitoring made possible by the IoT can replace or scale back on-site visits. Sending out truck rolls to check on assets or find issues can be time-consuming, expensive, and dangerousfortheworkers.

● Almost every system component can be measured by IoT sensors, and the results can be entered into asset management software to support preventive maintenance.

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