Intelligent Asset Tracking and Management (IATM) solution
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 the companies in the asset-intensive sectors, such as Manufacturing, Industrial Machinery, Financial Services, Transportation and Logistics, Oil and Gas, and Technology, are leveraging or planning to deploy IoT-enabled asset management solutions.
The IATM solution, by IoT WoRKSTM, aims to enhance asset on-boarding, transform inventory auditing processes, and improve asset visibility through location monitoring. The plug-and-play solution integrates with the existing enterprise systems to harness the power of IoT for asset monitoring throughout the asset life cycle. This improves operational efficiency and productivity of asset monitoring and eliminates potential losses incurred due to asset theft and misplacement.
An industry agnostic solution, IATM has various application areas such as IT assets, Life Sciences and Healthcare, Financial Services, Automotive, and MRO (Maintenance, Repair, and Overhaul) services, being the immediately realized implementations.
The inevitable need to have a 360-degree view of the enterprise assets is driving today’s $5.1 billion Enterprise Asset Management (EAM) market. 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.
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 and alerts
Asset movement direction (entry/exit) detection by tracking shipments and assets
Systems integration for automated workflows
IoT-led asset tracking
An end-to-end solution comprising hardware, software, and integration services delivered as an IoT WoRKSTM managed services offering
Near real-time asset visibility throughout its life cycle—from procurement to disposal.
Improved asset life cycle management
End-to-end IoT asset tracking throughout the asset life cycle from procurement to disposal
Reduction in cost of lost, stolen, and 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 technologies enable rapid inventory audits resulting in higher inventory accuracy
Centralized asset visibility
Cloud platform helps access information anytime, anywhere and on any IoT tracking device, thus allowing organizations to maintain visibility of hundreds of thousands of assets in a centralized manner
The smart architecture for next-gen enterprises