10 Best IoT Asset Tracking Systems for Efficient Management

Asset tracking is critical in various industries today, offering streamlined operations, cost savings, and enhanced productivity. However, businesses need help selecting the best IoT asset-tracking system.

We will explore the top asset tracking options available in the market and help you choose the best. These systems transform how businesses manage their assets, from manufacturing and logistics to healthcare and retail.

How Asset Tracking Has Evolved?

In the not-so-distant past, asset tracking primarily involved manual methods, spreadsheets, and barcode scanners. However, with the introduction of IoT technology, asset tracking has undergone a significant evolution.

IoT has opened up new possibilities for asset tracking. By connecting physical assets to the Internet, businesses can collect real-time data, monitor assets remotely, and make informed decisions. IoT has far-reaching implications for industries seeking to optimize asset management.

Key Features to Look for in an Asset Tracking System

Before starting our list of the top IoT asset-tracking systems, let's explore some key features that must be there in the asset-tracking solution:

1. Real-Time Tracking: Monitoring assets in real-time is crucial for efficient management.
2. Integration: Compatibility with existing systems and seamless integration is a must.
3. Data Analytics: Robust data analytics capabilities provide actionable insights.
4. Scalability: The system should adapt to your business's changing needs.
5. Security: Protecting sensitive asset data is paramount.

10 Best IoT Asset Tracking Systems

Let's get to the heart of the matter and introduce you to the top IoT asset-tracking systems making waves across industries.

1. Bytebeam

Bytebeam IoT platform offers tracking and management capabilities that businesses can leverage to protect their valuable assets, increase visibility, secure devices, and increase efficiency.

Core features of the Bytebeam IoT platform include:

• Real-Time Tracking: Bytebeam's asset tracking solution offers real-time visibility into the location and status of your assets. Bytebeam offers up-to-the-minute information about a fleet of vehicles, valuable equipment, or inventory and optimizes operations.
• GPS and Cellular Integration: Bytebeam leverages GPS and cellular technologies to provide accurate and reliable indoor and outdoor tracking. This integration ensures your assets are traceable in diverse environments, from sprawling warehouses to remote job sites.
• Sensor Integration: Whether you need to monitor temperature, humidity, or other environmental conditions, Bytebeam can seamlessly integrate a wide range of sensors to ensure the safety and quality of your assets.
• Cloud-Based Platform: With a cloud-based platform, Bytebeam ensures that all tracking data is securely stored and easily accessible. Cloud infrastructure allows you to access asset information from anywhere, collaborate with team members, and make data-driven decisions.
• Predictive Analytics: Bytebeam offers predictive analytics to anticipate maintenance needs and optimize asset utilization. By analyzing historical data and real-time information, Bytebeam's analytics tools provide valuable insights for proactive decision-making.

2. Cisco DNA Spaces

Cisco DNA Spaces is a powerhouse in location-based services and asset tracking, offering a comprehensive array of capabilities transforming asset management across industries.

Core features of Cisco DNA Spaces' include:

• Real-Time Monitoring: Cisco DNA Spaces provides real-time monitoring that empowers businesses to monitor their assets closely. Whether you're tracking valuable items within a retail store or monitoring personnel movements in a large facility, Cisco DNA Spaces ensures you're always in the know.
• Data-Driven Analytics: Data is the currency of the modern business world, and Cisco DNA Spaces recognizes this. With advanced analytics tools, you can extract valuable insights from the data generated by asset tracking. This includes information on asset utilization, predictive maintenance needs, and trends that can inform your strategic decisions.
• Seamless Wi-Fi Integration: Cisco DNA Spaces seamlessly integrates with your Wi-Fi infrastructure, expanding the reach and reliability of asset tracking. This integration is especially valuable in indoor environments with unreliable GPS signals. By tapping into your existing Wi-Fi network, Cisco DNA Spaces enables accurate monitoring in all environments.
• Precision Indoor Positioning: Cisco DNA Spaces shines in indoor positioning technology. This technology ensures that assets can be tracked accurately in large office complexes, retail stores, or industrial facilities. Gone are the days of uncertainty when it comes to indoor asset tracking.

3. Samsara

Samsara is a robust IoT platform designed to simplify fleet and asset tracking. This platform harnesses the power of the IoT to provide businesses with real-time insights and control over their assets, whether on the road or within a facility.

Core features of Samsara include:

• GPS Tracking and Beyond: Samsara's GPS tracking functionality is the cornerstone of its platform. It enables precise and real-time location tracking of your assets, vital for optimizing routes, improving delivery times, and enhancing overall fleet efficiency. But Samsara goes further by offering temperature monitoring capabilities.
• Temperature Monitoring: Samsara provides an invaluable tool for businesses that deal with temperature-sensitive cargo. The platform allows you to monitor temperature levels in real-time. Should the temperature deviate from the desired range, you'll receive immediate alerts, enabling proactive intervention to safeguard your assets.
• Sensor Integration: Samsara's versatility extends to sensor integration. Whether you need to monitor vehicle health, cargo conditions, or driver behavior, the platform can seamlessly integrate various sensors to provide a holistic view of your operations. This data-driven approach empowers you to make informed decisions and ensure asset safety.
• User-Friendly Interface: While advanced technology is at the core of Samsara, the platform maintains a user-friendly interface. Its intuitive design ensures that users can easily access and interpret data. Whether you're a seasoned fleet manager or new to asset tracking, Samsara's interface simplifies the monitoring process.
• Customizable Alerts: Samsara understands that each business has unique requirements. Therefore, the platform offers customizable alerts. You can set up notifications for specific events, ensuring that you're promptly informed about critical incidents or deviations from established norms.

4. Particle

Particle's IoT platform is engineered to facilitate seamless connectivity and tracking of assets across a broad spectrum of applications. Particle helps you monitor industrial equipment, vehicles, or even environmental conditions.

Core features of this platform include:

• Cellular and Wi-Fi Tracking: Particle's flexibility shines through its tracking options. The platform provides both cellular and Wi-Fi tracking, ensuring that you can stay connected and monitor assets regardless of their location or network availability. This adaptability makes Particle suitable for a range of industries and use cases.
• Cloud-Based Data Storage: Particle offers a cloud-based data storage solution and ensures that all tracking data is securely stored and easily accessible. Whether you need historical data for analysis or real-time insights, Particle's cloud-based storage simplifies the process.
• Compatibility with Sensors and Actuators: Particle's strength lies in its compatibility with various sensors and actuators. Whether you need to monitor environmental conditions, track equipment status, or control assets remotely, Particle's platform can seamlessly integrate with multiple sensors and actuators to meet your specific needs.

5. Roambee

Roambee's asset tracking solution is engineered to provide unparalleled visibility into your

assets. Roambee helps you manage a fleet of vehicles or track valuable cargo and ensures you're always aware of their whereabouts and conditions.

Core features of Roambee include:

• GPS, Cellular, and Bluetooth Integration: Roambee leverages various technologies—GPS, cellular, and Bluetooth—to provide comprehensive asset tracking. This combination ensures that assets can be tracked outdoors and within buildings or areas with limited GPS coverage.
• AI-Driven Analytics: Roambee takes asset tracking a step further with AI-driven analytics. The platform analyzes data from sensors and tracking devices to provide predictive insights. These insights can be invaluable for proactive decision-making, enabling businesses to anticipate maintenance needs, optimize routes, and enhance overall asset utilization.

6. TrackX

TrackX's IoT asset-tracking platform is designed to deliver end-to-end visibility and control over assets. It helps you track inventory in a warehouse or monitor equipment in the field by giving you the necessary tools and technologies.

Core features of this platform include:

• RFID and IoT Sensor Technologies: TrackX excels in asset tracking through RFID (Radio-Frequency Identification) and IoT sensor technologies. RFID tags and sensors provide precise location monitoring, allowing businesses to pinpoint the whereabouts of their assets in real-time.
• Integration with ERP Systems: The platform can seamlessly integrate with enterprise resource planning (ERP) systems, streamlining data flow and ensuring that asset information is readily available to inform strategic decisions.

7. Helium

Helium's decentralized IoT network represents a significant change in asset tracking. Unlike traditional centralized systems, Helium relies on a global network of hotspots to provide coverage. This decentralized approach offers several advantages, including enhanced security, lower costs, and greater scalability.

Core features of this platform include:

• LongFi Technology: LongFi communication protocol combines the best of both LoRaWAN and the Helium blockchain. It enables long-range, low-power communication between devices, ensuring that assets can be tracked across vast distances without frequent battery replacements.
• Blockchain-Based Tracking: Every asset movement and interaction is recorded on the blockchain, creating an immutable ledger. This safeguards against tampering and ensures that all stakeholders have access to transparent and real-time data.

8. Inseego

Inseego's industrial IoT solutions are designed to address the diverse needs of asset tracking in challenging environments. Inseego's platform offers the reliability and capabilities to track assets in remote locations or rugged industrial settings.

Core features of Inseego include:

• Cellular and Satellite Connectivity: Inseego stands out with its versatile connectivity options. It provides cellular and satellite connectivity, ensuring that assets can be tracked in remote and off-grid locations. This global coverage empowers businesses to monitor assets regardless of their geographic location.
• Rugged Hardware: Asset tracking often involves harsh environments, and Inseego recognizes this. The platform offers solid hardware to withstand extreme conditions, ensuring that tracking devices remain operational even in the most challenging settings. This durability is crucial for industries like construction, agriculture, and logistics.
• Global Coverage Capabilities: Inseego's global coverage capabilities help track assets spread across a single region or the globe by providing the connectivity and infrastructure needed to keep them within sight.

9. Litum IoT

Litum IoT's asset tracking system is engineered to meet the unique needs of various industries. With Litum IoT, you can manage healthcare, manufacturing, or logistics assets to gain complete visibility and control.

Core features of Litum IoT include:

• RFID, Bluetooth, and GPS Technologies: The trifecta of RFID, Bluetooth, and GPS technologies ensures that assets can be monitored precisely indoors and outdoors. RFID excels in proximity tracking, Bluetooth offers seamless connectivity, and GPS provides global positioning accuracy.
• Cloud-Based Software: This software collects data from tracking devices and provides actionable insights. Whether you need to optimize asset utilization or enhance security, Litum IoT's cloud-based software empowers you to make informed decisions.

10. Advantech WISE-2410

Advantech's WISE-2410 IoT wireless sensor node is designed to provide a robust asset-tracking solution. Its compact design makes it versatile, while its efficiency ensures extended battery life for uninterrupted tracking.

Core features of this platform include:

• LoRa Technology: LoRa enables long-range communication, enabling asset tracking in sprawling environments or remote locations. This technology ensures that assets can be tracked even when they are miles away from the nearest gateway.
• Compact Design and Battery Efficiency: The WISE-2410's design allows it to be deployed in challenging environments. Furthermore, its battery efficiency ensures the device can operate for extended periods without frequent battery replacements.

Final Thoughts

IoT asset tracking systems are bringing forth multiple changes in businesses' asset management practices. These systems offer an array of cutting-edge features, from real-time tracking to predictive maintenance, which hold the potential to revolutionize how companies across various industries operate.

By making a well-informed choice and investing in the right IoT asset-tracking solution, businesses can unlock the keys to operational optimization and cost reduction. In doing so, they position themselves to thrive in today's fast-paced and highly competitive business landscape.

So, make sure you explore the options thoroughly before selecting the most suitable solution, and, in doing so, propel your business toward a future characterized by enhanced efficiency, productivity, and sustained success.

However, it is not just about asset tracking. When running a business, you need to invest in an IoT platform like Bytebeam to access complementary features. Schedule a call with experts at Bytebeam to learn more.