In the ever-changing automobile industry, real-time tracking of assets provides accurate data on various physical aspects including temperature and pressure. It can also indicate a hazardous situation in the plant. Thanks to the constantly evolving IoT technologies with robust asset management solution, retrieving real-time data has become easier.
IoT asset tracking is the fastest growing trend across numerous industries. As per a study, there will be around 267 million active asset trackers across the globe. Such trackers have been used for supply chain, agriculture, mining, construction, and other industries.
Here we are going to show you how an advanced IoT solution will make asset tracking easier for you.
Benefits of An IoT-enabled Asset Management Solution
Risk and return on assets are crucial for asset-intensive organizations to stay competitive. Therefore, they need to adopt a modernized approach to increase productivity and resilience in a significant manner. Here an IoT-empowered solution can help them to achieve this goal. Let’s understand its mechanism in brief.
IoT-enabled asset management tools can support large-area Radio Frequency Identification Technology or RFID supports the free movement of products in an open space. Moreover, RFID tags can be attached to an asset and increase equipment utilization to a significant level.
Other than this, IoT asset management software can have multiple compelling benefits that can offer your IoT in automotive industry a competitive edge. Let us look at them one by one –
1. Accurate Asset Tracking
Automobile organizations suffer from huge losses every year due to theft and misplacement. Moreover, employees waste a lot of their time finding the automobile accessories or assets on which they need to work upon. Furthermore, this software keeps track of assets and lets you know asset location in real-time.
Getting a detailed record of automobile equipment along with its location is a critical thing to track. Here an asset tracking tool can help manufacturers to track the condition of their assets. Also, it enables you to monitor the performance of remote assets directly from your office or a remote location.
2. Cloud-Based Management
Cloud technology enables us to access our important data from any location. And with an IoT-enabled asset management application, you can manage different automobile operations and the progress of your employees in real-time. Adding to this, cloud-based solutions can facilitate employees to acquire data of an asset and update the same if required.
Moreover, an IoT solution for asset management is effective for users to manage automotive equipment as well. It can assist you schedule and perform asset maintenance activities. Moreover, you can update the status and remarks for the same after the completion of the automobile equipment maintenance activity.
3. Quicker Equipment Audit
Equipment auditing becomes problematic, lengthy, hectic, and complex due to the lack of automated software. However, when you have software to monitor assets, you can detect their location more accurately. As a result, it becomes easier for you to plan the entire equipment audit process.
An IoT-empowered asset tracking software can help you bring all your assets to a single place for physical verification. Also, this software can facilitate the users to store important documents and bills securely. Overall, an IoT-based remote asset tracker tool can simplify the entire process and boost its speed.
4. Data Security
Data is key to ensure steady business growth and increased profits. Besides, it is helpful for improvisation and optimization of complex processes. Furthermore, data-driven decisions are more effective and accurate as compared to the decisions made on the basis of assumptions.
Asset management solutions notify the user to deposit the asset in its assigned locker to take it out of circulation. They use data authentication and encryption techniques to ensure security to data collected through sensors. Apart from this, data provided by an asset tracker tool can help you make a proper estimation that can assist you to take your business or organization to the next level.
5. Remote Incident Management
Employees require a high level of coordination to respond to an incident while working with automotive tools. With the remote asset tracking solution, the incident can be reported as low, moderate, or high priority. Furthermore, employees can generate a ticket for each issue and assign it to a particular technical support agent.
A remote asset management software will send notifications to the support team at regular intervals so that no ticket can get unnoticed. In case any ticket may get unnoticed, the agent can escalate it to fellow team members to assign it to a different team.
An asset monitoring software can be helpful to automobile businesses as it centralizes information and reduces downtime. This software gives more visibility to the customer. Overall, this software can make assets and employees more productive and efficient.
At Rejig Digital, our experts will help you take your automobile business to new heights by providing you with a reliable IoT asset management solution. If you are looking to stay ahead of the curve by implementing IoT in asset management in your automobile business, then drop us a mail at firstname.lastname@example.org. We will get back to you in a while with the most appropriate solution for your automobile business.