Pointers at Glance
- There is a lot of data being transferred and stored across the world.
- IoT assets capture the data, and simplifying IoT for asset management is needed to be productive.
The Industrial Internet of Things (IoT) is changing Earth into a data generator. From mines and energy platforms, forests and fields, construction sites and equipment in motion, IoT assets are capturing data that ensures us to be more productive, efficient, frugal, safe and environmentally aware.
IoT in Space
A massive amount of data flows through satellites. The global market for IoT for asset management in the industry was over $263 billion in 2021 and is expected to increase to $1.1 trillion by 2028. It indicates that enterprises expect more value from IoT assets.
Keep it Simple
Effective turnkey solutions are in short supply. Combining them into existing management platforms can be challenging, and the IT skills required are in short supply.
As a result, large-scale digital transformation projects have a poor record. A study by Boston Consulting Group in 2020 found that 70% of digital transformation projects fall short of their goals.
Key to Success in IoT for Asset Management
Companies are better off deploying simple IoT assets that meet real needs affordably and reliably instead of approaching them as a vast project prone to delays and failures.
Making IoT Work
Globalstar provides a family of asset tracking equipment used to monitor movable assets. Easy-mounting trackers powered by long-lasting batteries or solar cells offer regular updates on GPS coordinates.
Logistics, engineering and construction companies, wildfire fighters, etc., depend on having their assets in the right place at the right time. Only IoT for asset management can deliver.
Transmitting Data
Globalstar asset tracking equipment also works as affordable data transmitters accepting inputs from a wide range of IoT sensors. IoT assets can monitor systems for service scheduling and better runtime management. The data provided enables everything from just-in-time provisioning supplies and monitoring corrosion to measuring tree growth, runtime, soil condition, and fluid levels.
IoT for asset management does not have to be more complex to deliver transformative results.
