The costs of replacing lost or stolen items affect asset-reliant organizations worldwide. The US construction industry alone reports construction jobsite theft of $1 billion each year. What preventative measures can be put in place to mitigate this?

The Internet of Things (IoT) has revolutionized the way we live, work, communicate, travel, and more. IoT refers to the billions of devices worldwide, which are connected to the Internet – all collecting and sharing data. It also plays an integral part when it comes to asset tracking. Instead of tracking assets manually, IoT tracking systems use sensors to track things automatically. This is an effective way to monitor and locate assets in real-time. The benefits include:

  • Monitoring and tracking of mission-critical assets, such as tools, barrels, tanks, trailers, etc., in a cost-effective and efficient manner.
  • In the event of theft or loss, asset tracking solutions enable businesses to locate the missing items quickly and efficiently thanks to real-time location data.

Loss prevention is key, but there are a few other things to consider when it comes to asset tracking. In emergency situations, for example, every second counts. What if a safety device, such as lifebuoys or automated external defibrillators get moved without your knowledge? Asset tracking solutions could save lives by issuing alerts prior to emergency situations occurring to ensure the missing assets can be retrieved or replaced.

How should you choose an asset tracking solution that is best suited to your needs?

There are many things to consider including ease of use and installation, accuracy, size, battery life, durability, etc.

In terms of the tracking technology itself, a number of IoT-enabled technologies can be used to track assets:

  • GPS
  • Wifi
  • RFID
  • Barcodes and QR Codes
  • Bluetooth Low Energy / Beacons

Nomatik trackers feature high precision GPS. GPS and GLONASS positioning systems are used simultaneously with a 72 channel high sensitivity receiver (-167dBm) for enhanced accuracy and faster fixes. Located valuable assets effortlessly and quickly.

Additionally, Nomatik GPS asset trackers arrive preconfigured. Plug and play hardware ensures that the trackers can be put to immediate use upon receipt. Compact and concealable, our trackers can be installed on any type of equipment – large and small.

Start protecting your most valuable physical assets today by implementing GPS tracking, no matter your industry, to prevent loss, increase revenues, and enhance safety.

Interested in learning more? Contact us for details or to arrange a demo.