There are also important documents, vehicles, and pieces of furniture on this list. It also includes other goods that businesses utilize internally. The majority of businesses view the assets as being solely utilized.
There are several methods for tracking assets. However, some of these systems, such as RFID, NFC, GPS or barcode scanning, have a popularity. Asset tracking has evolved significantly with the introduction of contemporary asset monitoring equipment. Let's discuss about the various asset tracking technologies.
Radio Frequency Identity (RFID) uses radio waves to wireless convey an object's identification and certain other attributes. This approach is most typically used to track asset mobility. All we have to do is attach the RFID tag to the thing. So an RFID system tracks it while it is inside the device's tracking range, also known as the scanning radius. Its meridian is around 1 meter long. RFID's key benefit is its ease of maintenance, minimal investment, and cost effectiveness. A sequence of distinct lines are printed on the packaging of a product in this manner. These lines are sometimes referred to as a barcode. It is yet another common method of tracking assets. We may use ink to print these lines on any material. RFID cannot, however, be printed on all product kinds. To track the assets, just scan its barcode using a barcode reader or smartphone. Although it is a more efficient casting, it is less long-lasting. Furthermore, it does not allow us to automate the complete procedure.
Near Field Communication is comparable to RFID asset tracking. It does not, however, necessitate the use of specialized RFID technology. Using this strategy, we may track our assets using smartphone. The most popular application of NFC technology is the contactless payment method. The NFC reader has a reading range of around 10 cm. We must read each entry independently.
GPS is the most effective technique to track assets throughout the world. All prior devices relied on pre-existing infrastructure. GPS asset tracking, on the other hand, is not reliant on such infrastructures. These tracking gadgets can be used to track any item in the globe. These trackers are not powered by the vehicle's battery. They are powered by internal batteries. This is the most precise means of tracking assets. The biggest downside of GPS tracking is that it consumes energy. GPS trackers are widely utilised all over the world. They communicate via public telecommunications networks. We are well-versed in various types of telecommunications networks, such as 3G, 4G, LTE and 5G. Most of the time, only outside equipment is tracked
