How to Ensure Real-Time Tracking in Your Asset Management App
Real-time tracking can help improve your efficiency, productivity, and security in business. It makes it easy to locate your assets quickly at any time, reducing the risk of theft, damage, and misplacement.
If you own many assets, tracking them manually can be tiring, and that’s why asset management apps come in handy. The app helps manage physical assets in your business, including machinery, vehicles, buildings, and even computers, without having to hire extra personnel.
The app relays real-time data and notifications so you are not left out. Keep reading to learn how to ensure real-time tracking with your asset management apps.
Understanding Asset Management Apps
Before proceeding with real-time tracking, let’s discuss the asset management apps. These software applications help businesses, or even individuals, manage their assets. The application achieves this by keeping a record of each asset, including its purchase date, current location, condition, and value. Some apps generate reports on the performance of specific assets in the business and the cost associated with having the item, using it, and even disposing of it.
However, each app is unique in terms of its asset management features. Before getting the software, understand your specific management needs to get something suitable. If you need it tailored more, you can use a professional to assist in building asset management software for your business. The right software should offer key insights for your assets to help improve efficiency and productivity in your organization.
How to Ensure Real-Time Tracking
Asset management software should offer real-time assets based on what you need to know about an asset. Whether it’s location, value, or condition, you should get that information as soon as necessary.
Here are helpful suggestions that you should consider to enjoy real-time tracking of your assets using management software.
1. Use GPS and IoT sensors
Implementing GPS and IoT tracking are the first key steps to ensure that assets are tracked in real time. GPS makes it possible to know the current location of your assets or inventory at any given time. For instance, if you have a fleet of vehicles, it gives you the exact location of each, including the routes they use. This real-time tracking helps minimize theft cases and improves operations because you know where your assets are and their performance.
On the other hand, the Internet of Things provides real-time information on the condition of your assets. For instance, in the healthcare industry, this technology can help you know the humidity and other environmental conditions of where the drugs are located. If the environment isn’t suitable, you can organize for a location change and maintain their good condition.
2. Use Geo-Fencing
Gee fencing is another incredible technology that can help you ensure real-time tracking of your assets using an app. It involves setting virtual borders on your assets so that you can get alerts when an asset crosses the set boundary. For instance, if you store valuable items in your warehouse, you can add a geofence for real-time tracking around it.
Doing so lets you get real-time alerts whenever an asset enters or leaves the warehouse. If it were theft, you would easily know and make the right follow-up. The use of geo-fencing helps prevent unauthorized users and reduces theft.
3. Use Cloud Computing
Cloud computing has become increasingly popular due to its benefits, from reliability to accessibility. In asset management, you can leverage it to get real-time information on your facilities no matter where you are. No matter the country you are in, you can always access the app and get real-time information on your assets. Besides the ease of access, cloud storage is secure and prevents the risk of losing vital information. It provides automated backups for your data and is easy to integrate with many devices. So, ensure that your software uses cloud computing to ensure real-time alerts.
4. Incorporate Real-Time Alerts
Another way of ensuring real-time tracking is to incorporate real-time alerts. These alerts notify you when something alarming occurs in your asset management. It could be about the performance of the assets, movement of the items, or low battery alerts. Ensure the app can send you such alerts on your mobile device so you don’t miss an important update or discover it when it’s too late.
5. Check on Battery Life
An asset management app is usually connected to various devices that send alerts. These devices could be your computers or smartphones. When you need real-time tracking, ensure your devices have a long battery life. They should always have a power backup. In case of electricity failure, you can use solar-powered ones, which ensure the longevity of your device. That way, you can be certain that you won’t miss critical real-time updates on your asset tracking.
6. Use Various Communication Technologies
The most commonly used communication technology in asset management apps is Low Power Wide Area Networks (LPWAN), which works smoothly in industrial setups, whether in remote or urban areas. However, the more technologies you use, the better for you because you will not be limited to using the same channel whenever you get information. You can try 5G networks or Bluetooth energy for instant updates, which works perfectly for shorter distances.
Also, besides the normal push notifications and alerts, you can integrate the asset management app into your emails and SMS to get updates on varying channels. When getting the app, ask the developer to add multiple communication technologies, making accessing the information as an individual or a group easy.
Conclusion
Asset management apps play a vital role in monitoring and offering alerts on assets’ current condition and location. They are highly effective, but you can do something to benefit from real-time tracking. The above are the top practices to get real-time information and reduce the risk of theft in your business. If you don’t have an app, get one today to minimize the risk associated with manual asset management.
