Choosing the Right Indoor Asset Tracking System

Understanding Indoor Tracking Systems

Core Technologies in Indoor Asset Tracking

There are several core technologies that power indoor asset tracking. Each of these technologies has its own set of advantages and use cases, making them suitable for different environments and asset types.

RFID Tracking

One of the most desirable technologies in indoor asset tracking is RFID tracking. RFID employs radio frequency waves to communicate identity and locate an asset. Extremely effective when trying to monitor large inventories, it is especially useful in places such as warehouses and retail stores.

In the field of healthcare, RFID technology is applied to provide location information on devices, patient records, and sometimes the patients themselves in an attempt to offer timely care. In logistics, it could track shipments through various stages in a supply chain for better visibility and management.

However, there are also some disadvantages for RFID indoors. Sometimes, the radio signals might get blocked by walls and other barriers, which reduces their accuracy. Also, RFID requires special kinds of scanners, so implementation might be pricey in cases where an area contains many assets to track.

BLE-Based Indoor Asset Tracking

BLE-based indoor asset tracking leverages Bluetooth Low Energy (BLE) to provide a cost-effective and power-efficient solution. BLE tags are attached to the assets, and these BLE tags communicate with nearby BLE receivers that calculate an asset’s location. The advantages of BLE tracking are explicit: it offers good range, energy efficiency, and also can be deployed for fixed and mobile assets.

Other examples include BLE in smart office environments for tracking items such as laptops and office furniture. BLE tags are long-lived without replacement due to low energy use, which again makes the technology cost-effective for continuous indoor tracking. BLE also finds its usage within retail settings, which monitor shopping carts or baskets to gather insight into consumer behaviour about product placement effectiveness.

Wi-Fi-Based Tracking

Another powerful technology for indoor asset tracking is Wi-Fi-based tracking. This type of system finds assets fitted with Wi-Fi tags using an existing Wi-Fi network. This is a brilliant way since the infrastructure of Wi-Fi is already developed for most organisations, hence pretty economical.

The only drawback of Wi-Fi tracking is that it completely relies on the strength and availability of Wi-Fi signals, which sometimes shift, hence compromising accuracy. In an office or industrial setting, interference from other electronic devices might interfere with signal reliability. Nevertheless, it is practical in most instances where real-time tracking of assets is vital, yet the budget is limited.

Indoor GPS Tracking

Indoor GPS tracking is an advanced solution used in more specialised scenarios where high accuracy is required. Indoor GPS uses satellite-like technology adapted for interior environments to precisely determine asset locations. This can be particularly useful in large-scale facilities, such as airports or industrial complexes.

Indoor GPS is often used in environments where safety is a top priority. For example, in mining operations, indoor GPS can track the movement of personnel and equipment, ensuring everyone stays safe and accounted for. Similarly, in large warehouses, it provides precise tracking for forklifts and other vehicles, optimising routing and reducing the risk of accidents.

Though powerful, indoor GPS tracking systems can be more expensive and complicated to implement compared to other indoor asset tracking technologies. They are best suited for environments where asset loss or misplacement would be extremely costly, justifying the additional investment.

Benefits of Indoor Location Tracking

The benefits of indoor location tracking are vast and impactful, particularly for organisations managing a large number of valuable assets. With real-time visibility, companies can make informed decisions about asset allocation and usage.

• Real-Time Monitoring: Indoor position tracking allows a company to trace asset movement in real time, which will surely help prevent unauthorised use or asset theft. For instance, health providers use these systems to trace medical supplies and machinery to ensure that they are not moved out of designated areas without proper authorisation for smooth operations.
• Efficiency in Manufacturing: Indoor location tracking in manufacturing will also be able to trace the movement of raw materials and finished goods so that production schedules can be maintained with bottlenecks reduced. Operational efficiency will also be further enhanced through real-time data of the tracking system, which pinpoints areas where processes can be improved.
• Minimising Asset Loss: Tracking also considerably minimises asset losses. Since the business knows where every asset is at any given time, it also manages to save a lot of valuable time and money that would have been spent replacing lost items. Further to this, tracking can improve workflow in that workers will spend less time trying to locate certain tools or equipment to get the work done and, therefore, be more productive.
• Insights into Asset Usage Patterns: Furthermore, indoor location tracking determines asset usage trends, that is, when an asset is busy and when it is sitting idle. This information can then be used to optimise inventory levels, perform timely maintenance, and cut costs. For example, if certain equipment is found to be merely sitting most of the time, it was better utilised elsewhere or otherwise considered for resale.

Indoor Tracking Solutions

AI and ML innovations have been influential in the evolving curve of indoor asset tracking solutions. An AI-driven tracking system works out when assets will need maintenance to prevent sudden downtimes, adding efficiency to the operation. For example, an AI-based asset management system may interpret data on asset usage and automatically recommend preventive maintenance before problems actually start occurring.

Machine learning improves the accuracy of tracking systems so that assets will be positioned with full accuracy, even in those places where signal interference is quite high. Moreover, ML algorithms can automatically automate workflows in such a way that the algorithm learns typical asset movement and instantly warns when atypical patterns are noticed, thus offering an added layer of security.

For example, indoor asset tracking solutions powered by AI at a hospital will track the movement of wheelchairs or IV stands to ensure they are always available where and when they are most needed. In a factory, AI might predict when a part of a machine will fail, enabling proactive maintenance and reducing expensive downtime.

Advanced technologies represent the future of AI asset management, whereby asset tracking goes beyond plain location data in providing predictive insights to proactive solutions. With organisations now adapting to AI-driven indoor asset tracking solutions, they are more capable of maintaining their assets while reducing costs and improving productivity.

itemit Asset Tracking Software

If you are looking for a robust itemit asset tracking system to manage your indoor assets, itemit provides a flexible and powerful solution. With itemit, tracking your assets becomes easy and efficient, thanks to its intuitive interface and reliable tracking capabilities.

Itemit offers a wide range of features that cater to the specific needs of different industries. From tracking tags that help you know precisely where your tools and equipment are, to software that integrates seamlessly with existing workflows, itemit can be tailored to meet your unique requirements.

• Adaptability Across Industries: One of the core advantages of itemit is its ability to adapt. Whether you need a solution for tracking medical devices in a hospital or tools in a construction company, itemit has the tools you need to maintain control of your assets. The system also provides detailed reports on asset usage, helping you make data-driven decisions to improve efficiency.
• Predictive Maintenance Capabilities: itemit also supports predictive maintenance by integrating AI and ML capabilities, allowing you to manage your assets proactively. By understanding usage patterns, itemit can help schedule maintenance at optimal times, reducing unexpected downtimes and extending the lifespan of your assets.
• Cloud-Based Platform for Flexibility: Additionally, itemit’s cloud-based platform ensures that you have access to your asset data anytime and anywhere, providing you with the flexibility to manage your operations on the go. The system is designed to grow with your business, making it suitable for both small companies and large enterprises with complex asset management needs.

Ready to take your asset management to the next level? Contact us today by sending an email to team@itemit.com and learn more about how the itemit asset tracking system can help your organisation achieve its goals.