IoT-enabled asset management allows you to manage your asset’s lifecycle, while giving you critical insights into where your asset is, what it is doing, and how it is doing. You can also control processes while getting real-time alerts and visibility, along with insights from data. IoT technology not only can transform traditional asset management, it can also help you to develop new business models.
An IoT-enabled asset management solution typically involves:
- Remote Asset Tracking
- Asset Health/Condition Monitoring
- Asset Lifecycle Management
- Asset Workflow Automation
- Predictive Asset Maintenance