Keeping tabs on tangible possessions is what asset tracking is all about. Among the many options for asset tracking, global positioning system (GPS) tracking stands out for its ability to broadcast a device's location and help businesses recover stolen or misplaced gear. More than that, GPS asset tracking lets businesses check that all their assets are where they should be.
How Does GPS Asset Tracking Work? And What Is It?
A GPS asset monitoring system keeps tabs on valuable possessions in real-time by utilising the Global Positioning System (GPS) technology. Mobile machinery, shipping containers, and trailers are all within the scope of this system's capabilities. Tracking software, asset tags, and GPS receivers make up an asset-tracking GPS.
To determine the exact whereabouts of an asset tag, a GPS receiver must be able to receive signals transmitted by GPS satellites.
Attached to assets, asset tags are tiny, usually battery-operated GPS devices that relay the whereabouts of those assets to a GPS receiver.
Whether it's a desktop app or a mobile website, asset tracking software makes sense of the data gathered by a GPS asset tracking system and shows it in an easy-to-understand format.
The combination of these three features allows companies to monitor the whereabouts of their assets in real time, which is a great asset-tracking tool.
Asset Tracking's Benefits for Your Company
Here are some benefits of GPS asset tracking:
Avoid wasting time and cut costs
Keep your company ahead of the competition by reliably mapping the whereabouts of your fleet and monitoring the progress of both the vehicles and their drivers to ensure they are fulfilling their goals.
Assist in avoiding break-ins, theft, and damage
You may improve security by always being aware of where your assets are, as well as the whereabouts of your fleet and its operators. This knowledge also increases the likelihood of recovery in the event of theft or loss.
Maintain a state of optimal functioning
You can keep a closer eye on your fleet's health and functionality with the help of asset-tracking technologies. For instance, you can plan your vehicles' preventive maintenance based on usage statistics, like engine hours.
Optimise your return on investment
Preventing missed productivity and wasteful spending is as simple as knowing the whereabouts of your assets at all times. You may improve process efficiency, cut expenses, decrease downtime, manage your fleet better, and increase ROI with the use of GPS asset monitoring insights.
Future of GPS Asset Tracking
Modern asset-tracking systems have made great strides. In the past, only large corporations with vast pockets and a pressing need to monitor valuable assets utilised GPS asset monitoring systems. The price of GPS asset monitoring systems has dropped significantly in recent years, making them accessible to consumers and small businesses who want to keep tabs on everything from cars to golf clubs.
Inter Businesses and individuals alike are likely to increase their use of GPS asset tracking technology as these tools improve.
Conclusion:
Keeping tabs on the majority of your valuable assets and machinery is a breeze using GPS asset trackers. By giving insight (location data) into the whereabouts and usage of important assets, GPS fleet tracking can assist firms in improving asset utilisation. Telematics experts have worked with a broad variety of businesses and fleet sizes, so they can explain the benefits of various GPS asset-tracking systems and help you choose the one that's right for your company.
Investing in a GPS fleet asset tracking monitoring or Video Intelligence system, would be a wise move to help cut your overall insurance costs.
According to an article which appeared in the September edition of Business Fleet Magazine, most businesses are seeing a significant savings either 10-15% or more off their commercial vehicle insurance if they integrate a fleet asset management system into their everyday fleet activities.
When drivers know they can pick up deliveries on time, they will tend to actually take those deliveries instead of making last-minute excuses or taking risky, but costly, alternatives like shortcuts or passing up the opportunity to get the job done right.
This can reduce insurance costs by as much as fifteen percent, not to mention saving the company money in fueling bills and helping to meet fuel bills.Asset tracking systems are designed for any size and type of business.
With the advent of video intercom systems, fleet managers can view what's going on with each vehicle in real time.Vehicle tracking systems have revolutionized how fleets are managed.
The old style was to write down vehicle data in journals, keep them in file cabinets, secure them inside of vehicles only accessible by authorized staff members, and then go from office to check on them.
The M2M In Motion’s Single Web-Based Platform gives you the ability to be flexible while adapting to your organizations needs.https://www.m2minmotion.com/
If you are looking to increase your company’s profits at the end of the month, you must seriously consider a Fleet GPS monitoring device.
You can call for a free consultation so that you can know how much the GPS tracking devices will cost your company and how much you will possibly save every month.
According to the new market research report by IndustryARC titled “Fleet Management Software Market By Deployment Type (Cloud, On Premise); By Solution (Operation, Asset, Driver Management, Vehicle Maintenance & Leasing, and Driver Information System); By Vertical (Manufacturing, Government) & By Region - Forecast(2018 – 2023),” the market will be driven by the growing radio cab business and the need for them to improve their operational efficiencies.
Developed economies such as US and Canada have advanced forms of technology.
These countries have web and mobile based business applications.To access the Fleet Management Software Market report, click the link below:https://industryarc.com/Report/16198/fleet-management-software-market.htmlFleet Management Software Market Analysis Done in the Full Report:The operations management solution will have the largest share in the Fleet Management Software Market in the forecast period.
The management services segment will have the fastest growth during the forecast period due to the growing use of outsourced managed services.Selected Driving Factors Mentioned in the Fleet Management Software Market Report:• Growing demand for logistics and support drive the growth of the GPS fleet tracking software in the forecast period.
• The need to streamline the operations for greater connectivity will spur the demand for the fleet tracking.• Connected vehicles and smart transportation solutions by different organisations provide opportunities for the Fleet management software market.
• Adoption of cloud computing in fleet will elevate the growth of the fleet management software market.Key Players of the Fleet Management Software Market:The key players of the Fleet Management Software Market include Cisco Systems, Fleetamatics Group PLC, and IBM Corporation.
