Businesses are not exempt from the effects of the world’s move towards better technological advances. In fact, GPS tracking solutions have become the most important across multiple business services, with a projected market worth of $2.38 billion by 2025.
Moreover, today’s hyper-connectivity requires businesses to adapt to innovation. This is why IoT-based GPS tracking solutions are gaining traction. It completely transforms the method you use to track and even control your assets.
Whether you are monitoring a number of vehicles, tracking shipments, or maintaining security of an apparatus at a distance, IoT combined with GPS tracking is a monumental advancement.
Let us learn more about it.
6 Ways IoT Device Monitoring Enhances GPS Tracking Solutions
The IoT market is growing at 18.8% CAGR. This innovative technology enhances almost every other sector, including GPS tracking solutions. IoT makes GPS functionalities better and more capable than before.
It is not just the location you keep an eye on, IoT helps GPS fetch many more detailed insights of the asset. Let’s see six ways in which using IoT devices boosts your GPS tracking systems capabilities:
1. Real-Time Data Collection
Besides location, you can fetch real-time asset performance and condition insights via IoT integration. IoT devices do this by collecting data from sensors implanted on your assets.
These sensors share the timely temperature, humidity and many other parameters regarding the asset. Further, they convey this data instantly on your GPS tracking system.
With real-time data at your hand, you can make decisions on the fly. For example, an IoT-based GPS tracker on shipment will alert you about any unusual temperature rise beyond the safe limits. Thus, you can act promptly to prevent any damage.
2. Enhanced Security
IoT systems embedded in GPS tracking solutions offer an excellent layer of security, which is a must for managing valuable assets. With supplemental IoT monitoring, you will be aware of unauthorised access, tampering, and other anomalies.
With such information on hand, you can take quick action and significantly reduce the chance of theft or vandalism.
Furthermore, IoT devices can retrieve historical data, which is particularly useful in uncovering patterns that signal potential threats approaching. This way, you can improve your security protocols in advance.
3. Better Efficiency with Lower Investments
When you integrate your GPS tracking system with IoT smart solutions, your business operations become more efficient, and you save on unnecessary costs.
These devices monitor your assets’ performance at a much more granular level. For example, with networked sensors, you get immediate data on fuel consumption, allowing you to understand inefficient driving habits or routing. By fixing these inefficiencies, you can save on fuel costs while preserving the life of your vehicles.
Additionally, automated checkups upon your business operations via IoT let your team focus on more critical tasks. Over time, this can result in substantial cost savings and improved productivity across your operations.
4. Proactive Maintenance
IoT sensors in your asset GPS tracker provide data predicting when an item will likely fail soon and needs maintenance. Thus, your team can be proactive in servicing and maintaining the asset, which will result in less downtime.
Moreover, it can also help you conduct enhanced routine equipment maintenance activities. With such accurate estimates regarding maintenance needs, you can design strategies to keep the maintenance budget in control.
5. Improved Customer Service
As IoT-based GPS tracks deliveries in real-time, you can provide accurate estimates of goods reaching receivers. This way, you can maintain transparency with your clients, building trust and enhancing customer experience. Satisfied customers further create a loyal base.
Moreover, continuous monitoring lets you identify the problem areas accurately. Thus, it becomes much easier to fix the prevailing issue. This also ensures that a particular maintenance department takes accountability for mishaps and works better to avoid future issues and problems.
6. Better Scalability
IoT-based GPS solutions are infinitely scalable and can accommodate additional devices and features when your business scales. You can track from a small fleet to hundreds of assets without jeopardising performance.
However, you need to choose a qualified IoT solutions provider who can ensure such scalability. One way to find a reliable provider is by exploring their track records and offering robust GPS tracking solutions.
Industry Applications of IoT-Based GPS Tracking Solutions
The IoT GPS tracking solution is a flexible tool that can serve almost every industry besides the transportation and logistics sector. Let us see how various sectors can benefit from it:
1. Retail and E-commerce
IoT GPS solutions aid in effectively managing inventory and delivering goods on time for retailers and e-commerce businesses. Among other things, they can also keep an eye on the quality and maintenance level of perishable goods. Additionally, they maintain a node for tracking shipment locations, which helps you inform your customers about their orders.
2. Construction
The everyday use of IoT-based GPS tracking in the construction industry is to track heavy equipment and materials and facilitate maintenance scheduling. This prevents expensive delays due to damages or the unavailability of construction gear. Thus, overall, it eases project management across the construction industry.
3. Healthcare
The healthcare industry can use GPS tracking enabled with IoT to keep an eye on medical equipment in order to never be out of key supplies. An example of such is monitoring the location of ambulances and real-time critical care materials, facilitating their arrival to patients as fast as possible.
Additionally, healthcare businesses can assess the proper transportation and storage of high-value medical goods. These include vaccines, expensive medications, imported medical goods and more.
4. Agriculture
Farmers can use GPS tracking for agriculture tools, and IoT solutions can help them monitor resource utilisation, such as water or fertilisers. This technology will significantly reduce inefficiencies in farming and increase crop yields.
Moreover, farmers can attach IoT sensors embedded in GPS chips into their cattle to track their location, behaviour and health. This can transform large cattle management systems.
5. Oil and Gas
The IoT sensor-based tracking can play an important role in the oil and gas industry. It can keep a check on drilling equipment, fuel distribution, and pipeline safety. These devices can also prevent accidents and control operations with timely fetched IoT data.
6. Public Safety and Emergency Services
Emergency services can benefit from IoT-based GPS tracking. It can monitor the location of emergency vehicles. Thus, officials can coordinate responses more effectively and quickly in critical situations. Moreover, emergency services can ensure the deployment of resources where they are needed most urgently.
Embrace IoT-Enhanced GPS Tracking Solutions by IoT Works
GPS tracking solutions, including IoT device monitoring, have become almost a necessity for any business that wishes to excel faster. This combination of real-time data, increased security and greater efficiency provides a seamless solution to revolutionise asset management.
Whether you want to enhance security, lower costs, or have better visibility in your operations, IoT-enabled GPS tracking is really the key. When you deploy IoT, you are not staying in the game —you are winning it. Finally, the future of asset management has arrived, and it is more connected, secure and efficient.
At IoT Works, our experts ensure your business employs the most relevant IoT GPS solutions. Contact Us to transform your business’s efficiency with expert guidance.