Intelligent Asset Tracking & Management (IATM) Solution by IoT WoRKS

Solution Introduction

Enhance Asset Lifecycle Management for the Next-Gen Enterprise

As enterprises evolve and their assets become more connected, the asset management processes must evolve as well. Two-thirds of companies in the asset intensive sectors like Manufacturing, Industrial Machinery, Financial Services, Transportation and Logistics, Oil and Gas, Technology, etc. are leveraging or planning to deploy IoT-enabled asset management solutions.

The Intelligent Asset Tracking & Management (IATM) solution, by IoT WoRKS^TM, aims to enhance asset onboarding, transform inventory auditing processes and improve asset visibility through location monitoring. The plug and play solution integrate with the existing enterprise systems to harness the power of IoT for asset management throughout the asset lifecycle. This improves operational efficiency & productivity and eliminates potential losses incurred due to asset theft and misplacement.

An industry agnostic solution, IATM has various application areas – IT assets, Life Sciences and Healthcare, Financial Services, Automotive and MRO services being the immediate realized implementations.

The inevitable need to have a 360-degree view of the enterprise assets is driving the $5.1 Billion EAM market today. Growing at a CAGR of 16.7%, the data driven outcomes enabled by IoT is only accelerating the EAM market towards the estimated $8.2 billion by 2024.

Features

IoT-Led Asset Tracking Automation for Next-Gen Enterprises

Asset Location Visibility

Indoor maps driven visual dashboards updated in near-real-time

Improved Inventory Audits

Rapid Inventory Audits with detailed audit reports resulting in higher inventory accuracy

Enhanced Asset Security

Proactive Asset Theft Prevention notifications & alerts

Direction Tracking

Asset movement direction (entry/exit) detection

Enterprise Integration

Systems integration for automated workflows

IoT-led Asset Tracking

End to End solution comprising hardware, software & integration services delivered as an IoT WoRKS^TM managed services offering.

Benefits

Near Real-Time Asset Visibility throughout its lifecycle - from Procurement to Disposal

Improved Asset Lifecycle Management

End-to-end tracking throughout the asset lifecycle from procurement to disposal

Cost Savings

Reduction in cost of lost, stolen and/or misplaced assets

Improved Operational Efficiency

Asset tracking automation enables improved process and audit effectiveness hence saving time, effort and money

Augmented Asset Cycle Counting

IoT enabled asset tracking enables Rapid Inventory Audits resulting in higher inventory accuracy

Centralized Asset Visibility

Cloud platform helps access information anytime, anywhere and on any device, thus helping organizations to maintain visibility of hundreds of thousands of assets in a centralized manner