Location Tracking is Driving Business Innovation
Whether you are tracking industrial equipment, fleet vehicles, construction tools, or people – precise, real-time data from location-based services and tracking solutions can be a critical factor in ensuring optimal operational efficiencies, security, and financial health for your business.
However, location-based services and IoT tracking solutions vary greatly and have different capabilities to service different industries and different use cases. Ranging from applications that provide raw location information to those that offer fully connected ecosystems for location data aggregation, selecting and adapting the correct IoT solutions to suit your unique business requirements can present issues.
Read three interesting innovations within the location tracking world!
Location Tracking for Personal Safety, Security, and Well-Being
Traditional personal safety and security solutions – such as door locks and car alarms – have long been used to protect against potential threats or dangerous situations. These systems are effective to some degree but come with inherent limitations, many of which can be eliminated through the use of IoT-enabled location tracking technologies. People tracking solutions not only enable real-time location information to enable peace of mind for families and loved ones, but also empower users to signal the need for urgent attention and call for assistance should an emergency occur. Stolen vehicle recovery solutions can track real-time vehicle location to recover a vehicle should it be subject to theft. IoT innovations are continuously evolving to enable applications such as these that ultimately contribute to increased societal safety.
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Transforming Global Supply Chains
Global supply chains involve many moving parts, require the involvement of multiple parties, and often demand multimodal means of transportation to successfully deliver shipments to their end destinations. IoT technologies are becoming increasingly present in this space to empower organisations with end-to-end shipment visibility that enables improved on-time delivery, reduced waste, and access to critical shipment information. With that said, many businesses seeking to reap these benefits do not have core competencies in IoT and struggle to successfully deploy the optimal location tracking solutions for their unique business needs. To overcome these challenges, businesses must gain a thorough understanding of the IoT ecosystem and adopt a comprehensive, strategic approach to supply chain transformation.
Enterprise Digitalisation
Location data is a critical asset for modern organisations, enabling them to keep track of various business processes, materials, and equipment – as well as the employees that interact with them. Through the use of IoT location tracking solutions businesses can enhance operational efficiencies with access to real-time location of raw input and final output inventory items, improve project planning and coordination with access to real-time location and availability of machinery and critical resources, as well as ensure worker safety in warehouse, manufacturing, or field environments. Enterprises across industries – including industrial, construction, and automotive – are seizing the opportunity that IoT location tracking solutions create to enable transformative business performance.
Want to know more? Read our guide on 'The Importance of Location data for Enterprise operations'.