Thinking about assets might take your brain immediately to your bank account. However, asset tracking is the practice of understanding all of the physical assets that you have in your possession and tracking them. When running a business that has physical assets, tracking those assets becomes necessary for reporting and auditory purposes, it also helps to know what you have and makes it easier to manage them.

Asset Tracking Defined
Asset tracking occurs when a company tracks its physical assets. In order to do this, you have to equip your assets with some kind of tracking device, for example; an NFU tag or GPS tracking system, a barcode scanner or a radio-frequency identification (RFID).

Your physical assets can be things like generators, vehicles, computers or other technological equipment. Assets provide a value to your business and are important for business functioning. Tangible assets are these physical items, while intangible assets are things like contracts, software you own and patents.

Assets are not the same as inventory, if you are working in a business that regularly stocks inventory. The assets are what you use to stock and keep track of the inventory.

Benefits of Asset Tracking
It is important to have a detailed asset management system for all of your assets. When you are starting a business from the ground up, you have to be aware of what adds value and what you could possibly sell or get rid of to make more space in your work environments.

It helps to know what you have so you know what you need to upgrade or replace in order to remain at the cutting edge of your industry or compliant with regulations. You can cut costs and also find better, more efficient ways of doing things. Your administrative employees will be able to work faster because they will have a very detailed log of materials to reference.

Investing in asset tracking is also good for keeping accurate company records and understanding what your taxes will be because of accurate breakdowns for each department. Asset tracking is also a required record keeping in some industries, so it is good to stay ahead of the game.

How To Track Your Assets

NFC

If you are like most business leaders, you are always on the lookout for new and better technologies to help streamline your operations. One technology that is been gaining a lot of traction lately is NFC asset tracking. But what is it exactly? And more importantly, can it benefit your business? In this blog post, I will give a brief overview of NFC asset tracking and discuss some of the key benefits it can offer businesses.

What is Near Field Communication (NFC) Asset Tracking?
A short-range wireless connectivity standard, Near Field Communication (NFC) enables communication between devices that are held close together. NFC asset tracking is a technology that uses NFC tags to track the location of assets and equipment.

NFC tags are special kinds of RFID tags that can be read by devices such as smartphones. NFC stands for Near Field Communication, and it refers to the ability of these tags to communicate with devices that are close by. NFC tags are often used for asset tracking, as they can provide a quick and easy way to track the location of objects. The tags contain a small amount of data, which can be read by an NFC-enabled device. This data can be used to track the location of the tag, as well as any other information that is associated with it. NFC tags are becoming increasingly popular for asset tracking, as they offer a fast and convenient way to keep track of inventory. 

NFC asset tracking can be used to track a wide variety of items, including tools, machinery, and vehicles. It is a highly accurate tracking technology that can be used in both indoor and outdoor environments. With the help of NFC tags, businesses can reduce losses and improve efficiency.

What are the Benefits of NFC for Asset Tracking? 
There are several advantages of using NFC for asset tracking, but below you will find a few of the top benefits:
– Accuracy: NFC is more accurate than other methods such as QR codes, laser scanning, and barcodes. This is because NFC tags can be read at a closer range, which reduces the chance of errors. 
– Convenience: NFC is more convenient than other methods since it does not require line of sight. This means that assets can be tracked even if they are hidden from view. 
– Automation: Once an NFC tag has been placed on an asset, the process of tracking that asset becomes automated. This can free up time for other tasks.
– Scalability: NFC-based asset tracking systems can be easily scaled up or down, depending on the needs of the business.
– Flexibility: NFC tags can be placed on a variety of assets, including both physical and digital assets. 
– Security: NFC is more secure than other methods since the data exchanged between devices is encrypted. This makes it difficult for unauthorized individuals to access the data. 

Overall, NFC offers many advantages for asset tracking. By using NFC tags, businesses can track their assets more accurately and efficiently. 

Other Applications for Near Field Communication
Asset tracking is one of the most popular applications for NFC, but it is far from the only one. Near field communication can also be used for contactless payments, ticketing, and access control. For example, many transit systems now use NFC to allow riders to pay for their fares with a simple tap of their phone. Similarly, event venues are using NFC to streamline the entry process by allowing guests to scan their tickets on their phones. And office buildings are using NFC to restrict access to certain areas, ensuring that only authorised personnel can enter. As these examples illustrate, NFC is a versatile technology with a wide range of potential applications.

What to Consider when Exploring NFC for Asset Tracking
There are a few important factors to keep in mind when exploring Near Field Communication for asset tracking. First, Near Field Communication is a short-range wireless technology, so it is important to make sure that the tags you are using are within range of the reader. Second, Near Field Communication is a low-power technology, so battery life is an important consideration. You will need to make sure that the tags you are using have enough power to last for the duration of your project. Finally, Near Field Communication is a relatively new technology, so it is important to do your research and make sure that it is the right solution for your needs. 

There are a few key scenarios where BLE, RFID or GPS may be a better solution for asset tracking than NFC. The first is when tracking assets in a large area – since NFC has a relatively short range, it would be difficult to track assets over a wide area with accuracy using this technology. Similarly, if the asset being tracked is moving quickly (such as a vehicle), NFC would again be less accurate than RFID or GPS. Another scenario where NFC may not be the best solution is when tracking assets in an environment where there is metal or water present – both of these can interfere with the NFC signal and make tracking more difficult. Ultimately, the decision of which technology to use for asset tracking depends on the specific needs of the situation.

BLE

If you are looking into asset location systems and tracking, then you have probably heard about Bluetooth Low Energy (BLE). BLE offers a number of advantages over traditional RFID technologies, so it is worth taking some time to understand how it works and what benefits it can offer your business.

What is Bluetooth Low Energy (BLE)?Bluetooth Low Energy (BLE) is a wireless technology designed for low power consumption. BLE devices are typically used for short-range data transmission and are ideal for asset tracking solutions.

Bluetooth BLE tags can be placed on assets, and nearby BLE-enabled devices can detect the signal. This allows businesses to track the location of their assets in real-time.
In addition, Bluetooth BLE tags can be used to collect data about the usage of an asset. The information a BLE tag provides can be used to optimize maintenance schedules and improve the operational efficiency of an organization.

How does BLE tracking work for asset tracking applications?
Asset tracking applications using BLE (Bluetooth Low Energy) tags and beacons are becoming increasingly popular. BLE is a technology that was explicitly designed for low-power devices. This makes it ideal for asset tracking applications where the Bluetooth BLE tags need to be small, and batteries last for years.

BLE asset tracking tags broadcast a signal that nearby receivers can detect. The receivers can then use the signal to determine the location of the asset tag. There are two main types of asset tracking systems that use BLE: active and passive.

Active asset tracking systems use tags that are powered by batteries. The tags periodically broadcast a signal that nearby base stations can receive.

Passive asset tracking systems use tags powered by ambient radio waves (RFID). The tags reflect a signal that nearby readers receive.

BLE asset tracking systems have several advantages over other asset tracking technology. They are less expensive, easier to deploy, and have longer battery life. In addition, Bluetooth BLE tags can be read by any device that supports Bluetooth 4.0 or higher.

What are Bluetooth BLE tags and Bluetooth LE (Low Energy) beacons?
Bluetooth BLE tags are small devices that can be affixed to almost any object, allowing it to be identified and tracked via Bluetooth. In addition, because they use very little power, Bluetooth BLE tags can be left on for extended periods without needing to be recharged. This makes Bluetooth BLE tags ideal for tracking inventory or monitoring the location of high-value items.
Bluetooth low-energy beacons are becoming an increasingly popular tool for mobile asset tracking. By attaching a BLE beacon to an asset, businesses can track the asset’s location in real-time. This location data can be used to manage inventory, optimize workflows, and ensure safety.

Bluetooth beacons use very little power, making them ideal for long-term tracking.
In addition, their small size means that they can be easily attached to assets without causing damage or interference. As a result, Bluetooth low-energy beacons offer an efficient and cost-effective solution for asset tracking.

Both types of devices have many advantages over traditional tracking devices, including longer battery life, lower power consumption, and greater range. In addition, Bluetooth BLE tags and beacons can be used in challenging environments, such as metal-rich or wet environments, where RFID tags would fail.

As a result, Bluetooth BLE tags and beacons are becoming increasingly popular in various applications for both outdoor and indoor navigation.

Advantages of using BLE for asset tracking
BLE asset tracking systems have several advantages over traditional RFID systems.
– Bluetooth BLE tags are small and lightweight, so they can easily be attached to assets such as inventory, equipment, and tools.
– Bluetooth BLE tags do not require additional hardware to be read. They transmit BLE signals that can be detected by BLE-enabled devices, such as smartphones and laptops.
– Bluetooth BLE tags are cheaper to produce and can be powered by small batteries, making them ideal for use in portable asset tracking applications.
– Bluetooth BLE tags also have a more extended range than RFID tags, making them more suitable for tracking assets in large warehouses and other open spaces.
– In addition, Bluetooth BLE tags can be read by multiple devices simultaneously.

Things to consider when implementing a BLE-based asset tracking solution
There are a few key things to consider when implementing a BLE-based asset tracking solution:
– You need to ensure that the BLE beacons you are using are compatible with the asset tags you will be attaching them to.
– You need to decide how often you want the beacon to transmit its signal. The beacon’s battery life will dictate how often it can transmit, so you will need to find a balance that works for your application.
– You need to determine how you will receive and store the data transmitted by the beacon.
– You need to determine how you will receive and store the data transmitted by the beacon.

Advantages of BLE Asset Tracking
– Labor Free Implementation: Zero adoption & effort by leveraging existing smart devices
– Infrastructure-Free: No physical installation is required for devices, lowering adoption and cost barriers
– Capability: Location accuracy & optimal read range that allows for proactive and remote tracking
– Real-Time: Continuous and quick-read of assets in real-time, no scanning required
– Battery Life: Lower power consumption means longer battery life means
– Accountable: High accuracy
– Scalable: Easily scale BLE asset tracking as needed

RFID

Asset tracking is a critical process for all businesses, regardless of size or industry. Knowing where your assets are at all times can help you save time and money, while also increasing efficiency and reducing the risk of lost or stolen items. Radio frequency identification (RFID) technology has emerged as a leading solution for asset and inventory management, and businesses looking to implement this technology need to understand the basics behind it.

What is RFID Technology and How Does it Work?
RFID, or Radio Frequency Identification, tracking technology uses radio waves to locate and identify objects through asset tagging.

RFID systems typically consist of three components: an RFID reader, RFID tags, and RFID software. RFID tags are made up of two parts: an antenna that transmits the signal, and a chip that stores the data, which can be read by RFID readers. When an RFID tag is read by an RFID reader, the antenna sends out a signal that contains the information stored on the chip. After the tag communicates with the reader, the data is then reported in and managed by RFID software. This system can be used to track the location of assets, monitor inventory levels, and even trigger alerts when an asset leaves a designated area. 

RFID systems can be either passive or active. Passive RFID tags do not have a power source, and they rely on the RFID reader to power the antenna. Active RFID tags have their own power source, which allows them to transmit their signal over a larger distance. Asset tracking solutions using RFID typically utilize passive RFID tags, as they are more cost-effective and require less maintenance than active RFID tags.

The Benefits of Using RFID Asset Tracking
RFID asset tracking solutions offer a number of advantages over traditional asset tracking methods.

RFID tags can be read remotely, which means they can be used to track assets even when they are not in line of sight. This makes RFID asset tracking solutions much more efficient than traditional methods, such as barcodes, which require workers to physically scan each asset. RFID asset tracking solutions can also provide more accurate data than barcode-based asset tracking systems.

In addition to an extended read range, RFID sensors are much more durable than barcodes, which means they can withstand harsh conditions and repeated use since they are not affected by environmental conditions such as dust or water. This makes them ideal for tracking assets that are frequently moved or used in outdoor environments.

RFID asset tracking solutions can also provide real-time tracking data about the location and status of assets. This gives businesses the ability to make better decisions about how to use their assets and how to respond to changes in asset location. All of these benefits make RFID asset tracking solutions an attractive option for businesses of all sizes.

How to Choose the Right RFID System for your Business
There are a few key factors to consider when evaluating RFID asset tracking solutions. First, you need to identify your specific needs and goals. What assets do you need to track? In what environment will the RFID system be used? How much data do you need to collect? Once you have a clear idea of your requirements, you can begin to narrow down your options.

Another important consideration is compatibility. Not all RFID systems are compatible with all types of RFID tags. Make sure that the RFID system you select is compatible with the RFID tags you plan to use. You should also verify that the RFID system will work with your existing network and infrastructure.

Finally, do not forget to factor in cost. RFID asset tracking solutions can vary widely in price, so it is important to set a budget before beginning your search. Once you have a good understanding of your needs and your budget, you will be able to find the RFID asset tracking solution that is right for you.

Installation and Maintenance of RFID Systems
Installing an RFID asset tracking solution is relatively straightforward, but does require careful planning. RFID tags can be attached to assets using special adhesive labels, and RFID readers can be installed at strategic points around the facility.

Once the system is up and running, it is important to regularly check that the RFID tags are functioning properly and that the data being collected is accurate. This can be done using specialised asset tracking software that is designed for RFID asset management solutions. By regularly monitoring the performance of the system, businesses can ensure that their assets are always accurately tracked.

Tips for Getting the Most out of your RFID Asset Tracking System
RFID solutions are becoming increasingly popular for tracking assets, but it can be difficult to know how to get the most out of them.

Here are some tips:
– Make sure you have a clear understanding of what RFID asset tracking solutions can do and how it can benefit your business. There is no point in investing in a system if you are not going to use it to its full potential.
– Do your research and choose an RFID system that is right for your business. There are a lot of different options on the market, so it is important to find one that will work well for you.
– Work with a company that specialises in RFID asset tracking solutions. They will be able to help you set up the system and make sure it is working properly.
– Make sure you train your employees on how to use the system. They will not be able to take advantage of its benefits if they do not know how to use it.
– Keep track of your RFID tags. It is important to know where they are at all times, so you can be sure they are being used effectively.
– Regularly review your RFID asset tracking data. This will help you identify any areas where the system is not being used effectively and make changes as needed.
By following these tips, you can be sure that you are getting the most out of your RFID asset tracking solution.

GPS

If you are a business leader looking for a better way to track your valuable assets, you may be wondering about GPS powered asset tracking. But what is it? How does GPS asset tracking work? And can it really help improve your bottom line? This article will answer all of those questions and more, so keep reading to learn more about this valuable business tool.

What is GPS Asset Tracking, and How Does it Work?
GPS asset tracking is a system that uses Global Positioning System (GPS) technology to track the location of assets in real-time. This type of system can track vehicles, trailers, containers, and other types of equipment. Asset tracking GPS systems consist of three main components: GPS receivers, asset tags, and tracking software. 

GPS receivers are devices that receive signals from GPS satellites and use those signals to calculate the location of the asset tag. 

Asset tags are small, typically battery-powered GPS devices that attach to assets and transmit their location information to the GPS receiver. 

Asset tracking software interprets the data collected by the GPS asset tracking system and presents it in a usable format either on a desktop or mobile app.

Together, these three components enable businesses to track their asset locations in real-time, providing valuable insights into the whereabouts of company property.
 
The Benefits of GPS Asset TrackingGPS asset trackers make it simple to keep track of most of the assets and equipment you care about. GPS asset tracking can help businesses improve asset utilization by providing visibility (location data) into where valuable assets are located and how they are being used. This type of information can optimize routes and schedules and prevent unauthorized use of assets.

GPS asset tracking can also help businesses reduce asset losses by providing real-time alerts if an asset is moved without authorization. In addition, GPS asset tracking can improve response times to emergencies by providing visibility into the location of assets and personnel.

It is not uncommon for people to use GPS tracking for items such as:
– Containers or RTIs
– Heavy equipment tracking
– Fleet tracking
– Marine vessels
– Light equipment
– Electronic equipment

Overall, GPS asset tracking provides many benefits that can help businesses improve operations and bottom line. By improving asset utilization, reducing asset losses, and improving response times to emergencies, companies can improve their bottom line and better serve their customers.

How to Choose the Right GPS Asset Tracking System
When utilizing a GPS asset tracking system, companies no longer need to guess or manually check for assets.

GPS asset trackers give businesses insight into:
– Usage habits
– Asset location (whether on the move or idle)
– Movement of assets (you can even set up geofence alerts and notifications when assets are in route)
– Environmental monitoring (temperature data, etc.)
– Maintenance equipment event tracking

When it comes to asset tracking, there is no one-size-fits-all solution. The right GPS asset tracking system for your business will depend on various factors, including the size and scope of your operation, the type of assets you need to track, and your budget. However, there are a few key considerations that all businesses should keep in mind when choosing a GPS asset tracking system.

– First, consider the size of your operation. If you have a large fleet of vehicles or a distributed workforce, you will need a GPS tracking system to track assets in real-time and provide up-to-date information on their location.
– Second, think about the type of assets you need to track. If you are only interested in fleet management, you can get by with a less sophisticated system. But if you need to track high-value assets such as construction equipment or medical supplies, you will need a system that offers more features and options such as theft recovery. The type of assets you will be tracking will also determine what type of GPS tracking devices your solution will require.
– Third, consider the environment in which you will be tracking assets. For example, on a job site outdoors, you will need weather proofed devices, but you will also need to consider a power source.

Finally, consider your budget. There are asset tracking systems available at all price points, so it is essential to find one that fits within your budget. By taking the time to consider these factors, you can be sure to choose the GPS asset tracking system that is right for your business.
 
The Future of GPS Asset Tracking
Asset tracking has come a long way in recent years. Large companies once only used GPS asset tracking systems with deep pockets and a need to track high-value assets. Today, however, GPS asset tracking systems are much more affordable and used by small businesses and individuals to track everything from vehicles to golf clubs.

Many other asset tracking technologies on the forefront show promise for the future. For example, companies now offer IoT asset tracking systems that use Bluetooth or RFID technology. These technologies have been proven to be even more accurate than GPS asset tracking systems and are much less expensive to maintain and operate due to extended battery life. As asset tracking technologies continue to evolve, we will likely see more and more businesses and individuals using them to track their assets.

Infrastructure-Free IoT Asset Tracking

Imagine a future where you never have to worry about losing an important asset again. A future where you can track your assets in real-time, from anywhere in the world. Thanks to the latest advancements in Internet of Things (IoT) technology, this future is closer than you think.
With traditional infrastructure-based asset tracking solutions no longer feasible for many operating in today’s modern, mobile world, more businesses are turning to IoT-based solutions that do not require any additional infrastructure investment. So what are the benefits of going infrastructure-free?
 
The Rise of Infrastructure-Free IoT Asset Tracking Solutions
In recent years, asset tracking solutions have undergone a seismic shift. Where once these solutions were reliant on costly and complex infrastructure, they are now moving towards a more cutting-edge, IoT-based approach. This shift is being driven by the need for more supply chain visibility and the advantages that an infrastructure-free asset tracking solution can offer.

By leveraging the power of the IoT, these asset tracking solutions can provide real-time data on the location and condition of assets, without the need for expensive hardware or ongoing maintenance costs. As the demand for asset tracking solutions grows, so too does the number of IoT platforms that are emerging to meet this need. These platforms are helping to drive down costs and make asset tracking more accessible than ever before.
 
How Infrastructure-Free IoT Asset Tracking Solutions Work
By definition, infrastructure-free IoT asset tracking solutions do not require any pre-existing infrastructure in order to function. This is opposed to traditional tracking methods that rely on technologies like GPS, barcodes, and RFID, which all require at least some additional infrastructure in order to work. Instead, infrastructure-free solutions harness the power of IoT based technologies which can be easily implemented into existing devices with internet connectivity at no extra cost. 

These asset tracking solutions typically make use of asset tags enabled with Bluetooth Low Energy (BLE) technology, allowing them to communicate with nearby IoT devices, such as smartphones and tablets, that have been equipped with a mobile application. When an asset moves out of range of one IoT device, it connects with the next closest device and reports its new location. This information is sent to a cloud-based IoT platform, which then updates the asset’s location in the mobile and web applications. As a result, users can always see where their assets are, without needing to install any expensive tracking infrastructure. 

The asset tags used are low-cost, battery-powered devices that can be easily attached to or embedded in the asset. They typically have a long battery life of up to several years, meaning they can be deployed without the need for ongoing maintenance costs. They also often come equipped with sensors that can collect data on the asset’s condition, such as temperature, humidity, and vibration. This data can be used to trigger alerts if an asset is being moved outside of its ideal conditions or is at risk of damage.

The asset tracking software used in this approach is designed to collect data from asset tags and other IoT devices in order to provide real-time visibility into the location and condition of assets. This data can be used to improve asset utilisation, optimise maintenance schedules, and prevent loss or theft. In addition, asset tracking software can also be used for device management, providing a central platform for managing all of your organisation’s IoT devices.
 
Benefits of Infrastructure-Free IoT Asset Tracking Solutions
The benefits of infrastructure-free IoT asset tracking systems are many and varied. Here are just a few of the advantages that these solutions can offer:
– Improved Visibility and Control: One of the biggest benefits of using an infrastructure-free IoT based asset tracking solution is the improved visibility and control that it can offer. By being able to see the location and condition of assets in real-time, businesses can gain greater control over their inventory and operations. This can help to improve efficiencies and reduce the risk of costly mistakes.
– Increased Flexibility and Scalability with IoT Asset Tracking Solutions: Another key benefit of infrastructure-free asset tracking solutions is their increased flexibility and scalability. With no need for costly hardware or ongoing maintenance, these solutions can be easily scaled up or down to meet the changing needs of your business. This makes them ideal for businesses that are growing or have seasonal fluctuations in demand.
– Reduced Costs: As infrastructure-free asset tracking solutions do not require any upfront investment in hardware or ongoing maintenance costs, they can offer a more cost-effective solution than traditional asset tracking methods. This makes them an attractive option for businesses of all sizes.
– Simplified Implementation: Another advantage of infrastructure-free IoT based asset tracking solutions is that they are typically much easier to implement than traditional tracking methods. This is because there is no need to install any additional infrastructure, which can often be complex and time-consuming. As a result, you can get up and running with an asset tracking solution more quickly and easily.
– User Experience:  The asset tracking software used in infrastructure-free IoT based solutions is often designed to be user-friendly and easy to use. This can help to reduce training costs and ensure that your team is able to get the most out of the asset tracking solution.
– Enhanced Accuracy with IoT Asset Tracking Systems: Infrastructure-free asset tracking solutions can also offer improved accuracy over traditional tracking methods. This is because they use IoT based devices that are equipped with sensors that can provide real-time data on the location and condition of assets. This information is then sent to a cloud-based platform, which can provide up-to-the-minute updates on the whereabouts of your assets.
– Improved Security: Infrastructure-free IoT based asset tracking solutions can also offer improved security for your assets. This is because the data collected by the IoT devices is stored in a secure cloud-based platform, which can only be accessed by authorized users. This helps to protect your data from being hacked or stolen.
There are many other benefits that infrastructure-free IoT based asset tracking solutions can offer businesses. However, these are some of the most significant advantages that these solutions can provide. If you are looking for a more efficient and effective way to track your assets, then an infrastructure-free asset tracking solution may be the right choice for you.

Real-World Applications of Infrastructure-Free IoT Asset Tracking Solution
Despite being a relatively new approach to asset management, infrastructure-free IoT asset tracking solutions are already proving their worth in optimizing visibility into the supply chain and business operations.

For example, leaders in the automotive industry have found success in implementing IoT solutions in order to ensure shipping containers that carry car parts from suppliers to the assembly plant are not delayed or lost en route. With the ability to monitor the location of these containers in real-time, they expect to save $15 million annually in reduced container loss and diminished expedites. Additionally, the solution is empowering automotive manufacturers to address accountability challenges by providing visibility into work-in-progress as production parts move through the manufacturing process. This helps to ensure that the right parts are being used in the right order and that there are no delays in the production line.

Results such as these are not limited to the automotive industry either. Manufacturers of consumer goods have also been able to reduce delays and improve inventory management by implementing infrastructure-free IoT asset tracking solutions to monitor the location of product containers and pallets as they move through the supply chain.
As these examples illustrate, infrastructure-free IoT asset tracking solutions are already making an impact in the real world. And as the technology continues to evolve, we can expect to see even more businesses benefiting from the improved visibility and control that these solutions provide.

Determining the Right Asset Management Approach for your Business
The benefits of infrastructure-free IoT asset tracking solutions are clear. By providing businesses with improved visibility into their assets, they can save money, improve efficiencies, and address accountability challenges. 

However, there remain certain instances where more traditional approaches to asset management make sense. In these cases, it is important to weigh the pros and cons of each approach to make sure you are making the best decision for your business.

What about AI?

AI will play a major role in asset tracking by making it more efficient, accurate, and cost-effective. AI can be used to analyse data from GPS, IoT, NFC, BLE, and RFID tags to identify patterns and trends. This information can then be used to improve the accuracy of asset tracking and to predict future asset movements.

For example, AI can be used to develop predictive maintenance algorithms that can predict when an asset is likely to fail. This information can then be used to schedule preventive maintenance, which can help to avoid costly downtime.

AI can also be used to develop real-time asset tracking systems that can track the location of assets in real time. This information can then be used to improve the efficiency of asset utilization and to prevent asset theft.

Overall, AI has the potential to revolutionise asset tracking by making it more efficient, accurate, and cost-effective.

Images from huggingface and deepai