GPS technology has transformed asset management, helping companies track and manage their valuable assets. GPS asset tracking uses satellite technology to monitor things in real-time, improve operations, and boost security. This article explains GPS asset tracking's main parts and how they work together to manage assets.
1. Satellite connectivity:
The large group of Earth-orbiting satellites powers GPS asset tracking. These satellites constantly transmit precise time and location signals. GPS devices in assets receive signals from multiple satellites simultaneously through trilateration. This mathematical problem involves measuring satellite signal delays to locate the asset. The location data is accurate and reliable regardless of the asset's location.
Global coverage and real-time tracking require satellite connectivity. Location data flows smoothly because assets are always in touch with satellites, even moving through different terrains. Companies with diverse operations benefit from this widespread connectivity because it allows them to monitor their assets worldwide precisely.
2. GPS trackers, antennas:
GPS asset tracking devices use GPS receivers to receive and interpret satellite signals. These receivers are crucial for decoding the signals' time and location data and locating the asset. The tracking system's accuracy depends on the quality of the GPS receivers.
The tracked assets have strategically placed GPS antennas to improve signal reception. GPS devices need these antennas to improve signal strength and reception so they can always communicate with satellites. GPS antennas help you navigate and stay connected in urban canyons, densely wooded areas, and tall buildings.
3. Transmission and reception networks:
GPS devices must send accurate location data for real-time monitoring and analysis. For this, people use cellular and satellite networks. Where assets are, how connected they need to be, and business needs determine the communication network.
In densely populated areas, cellular networks send data quickly and reliably. GPS asset tracking devices that send real-time location data can help businesses track their assets in cities with good cell service. However, satellite communication is useful in remote or off-grid areas with poor cell phone coverage. GPS asset tracking systems use cellular and satellite technology to track all assets, even those in different environments or moving.
4. Alerts, geofencing:
GPS asset tracking is useful, but geofencing—a virtual fence—is essential. Geofencing lets businesses set limits, so the system alerts when a GPS-equipped asset goes outside them. Businesses can immediately respond to unauthorized movements and security threats with these alerts.
Geofencing improves business safety and efficiency. It prevents theft by alerting authorities in real-time and makes asset management proactive. Businesses may optimize operations, maximize assets, and locate the best routes. Geofencing reduces risk and enhances GPS asset tracking.
5. Data analysis, report writing:
GPS asset tracking systems report asset behaviour, use, performance, and location. Advanced tracking systems analyze data and provide relevant reports using complex software.
Businesses make smart asset management decisions with GPS asset monitoring data analysis. Usage patterns in reports help predict maintenance needs and improve processes for underperforming routes. This analytical expertise helps companies optimize processes, avert issues, and manage assets.
Conclusion:
Finally, GPS asset tracking transforms asset management. It allows firms to manage their most valuable assets completely. The complicated system of satellite connections, GPS receivers, communication networks, geofencing, and data analysis does more than track positions. As technology advances, GPS asset tracking will change. These innovative concepts will help companies compete in a more competitive global market and promote safe and effective asset management. Advanced GPS technology helps organizations manage complex logistics and resources.
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.
