Asset 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.

1. How Does Asset Monitoring
Work?

2. Introduction
Asset 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.

3. Uses of Asset Tracking
Equipment and corporate assets can be managed wherever they are thanks to asset
tracking and monitoring.
Use scenarios consist of:
● 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

4. How Can Assets Be Monitored Most Effectively?
A number of technologies, such as remote asset monitoring in industrial applications, IT asset
management for businesses, and asset monitoring and control in hospitals and the healthcare
sector, serve important business goals.
These consist of:
● 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.

5. 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 dangerous for the workers.
● Almost every system component can be measured
by IoT sensors, and the results can be entered into
asset management software to support preventive
maintenance.
● System reliability is increased via continuous
monitoring, which decreases unscheduled
downtime.
● Costs associated with unplanned failure are greatly
decreased through asset monitoring.