In the cutting-edge, dynamic business market, an ever-increasing number of organizations from across different ranges of industries worldwide are ceaselessly trying to upgrade their operational efficiency, smooth out processes, and gather noteworthy insights. This pursuit has, thus, prompted a very notable increase in the adoption of cutting-edge technologies. This is especially true for the Internet of Things (IoT), which has now come to practically serve as a conduit. But a conduit for what? Well, for connecting physical entities to the internet, enabling seamless data collection and transmission, and much more. Anyway, this data, in turn, is used to drive real-time tracking of assets and more. Asset tracking may be a particularly impactful manifestation of IoT, but it can be used by any company operating in any sector.

This is why, in this blog, I will talk about the use cases of integrating IoT-based asset tracking in the operations of companies and businesses across different industries.

What is IoT Asset Tracking?
IoT asset tracking is a method of utilizing IoT tools to monitor and oversee physical resources. This is made possible by integrating sensors and trackers into hardware, stock, tools, etc. These gadgets then remotely gather and send information over the web, offering organizations constant updates about the resources' status, whereabouts, and so on. To cut a long story short, IoT asset tracking gives physical objects a means to communicate, enabling businesses to monitor them and use data-driven strategies to enhance asset management.

IoT Asset Tracking Use Cases in Different Industries

  • Healthcare: In healthcare, IoT asset tracking is fundamental to ensuring the availability and accessibility of high-value equipment such as MRI and X-ray machines. What's even more interesting is that it can also be used for better and more efficient maintenance scheduling. Additionally, it helps manage critical medical supplies such as medications and vaccines to prevent shortages and ensure timely restocking.
  • Delivery and logistics: In delivery and logistics, IoT asset tracking offers a range of applications, including monitoring packages and shipments throughout the delivery process. This helps ensure customer transparency and allows route optimization for delivery drivers.
  • Transporting chilled foods: IoT asset tracking has proven to be immensely invaluable in transporting chilled foods. You see, ensuring food safety and IoT asset tracking helps in this regard by continuously monitoring refrigerated trucks and warehouses for temperature fluctuations, preventing spoilage, etc. Not only that, but real-time location data also enables dynamic route planning to prevent any delays and maintain optimal temperatures.
  • Manufacturing: In manufacturing, IoT asset tracking serves various purposes, including monitoring machine health and performance in real time to enable proactive maintenance, minimizing downtime, and more. The real-time tracking of raw materials and finished goods also helps optimize production planning along with inventory management, of course. Tracking valuable tools also helps prevent loss and/or theft of such tools. It is likewise significant for guaranteeing their accessibility for production processes, thus further supporting efficiency and productivity across manufacturing operations.
  • Construction: IoT asset tracking assumes a huge part in the construction sector too, permitting the tracking and monitoring of large equipment and instruments. This improves their usage as well as limits the risk of robbery. Moreover, it helps track building materials such as steel beams or concrete panels to ensure timely delivery and prevent project delays.

Final Words
As you can see, IoT asset tracking steadily transforms how businesses across different industries manage their physical assets. We hope to see even more innovative IoT asset tracking in the future.

Author's Bio: 

Kaushal Shah manages digital marketing communications for the enterprise technology services provided by Rishabh Software.