â€śSmart asset management allows for dynamic tracking and automated monitoring using sensor devices. It offers real-time visibility into the operational status of the assets and is beneficial enough to gain quick responses on incidents or various situations.â€ť
The transportation industry constitutes multiple assets like vehicles, cargo, trailers, goods, vehicle tires, fuel tanks, storage containers, and warehouses. It is quite difficult to keep a real-time check on all of these assets using traditional or manual methods. Also, there are high chances of humans producing errors during management. Therefore, businesses are starting to integrate IoT technology to fleeting issues from traffic to vehicle management.
The Internet of Things is all set to revive the traditionality followed in the transport industry with smart and innovative techniques, making the cities smarter. Its real-time asset monitoring can perform automation through sensor devices, which are installed on different kinds of assets. This helps in capturing the latest updates regarding the health of the asset, thereby keeping it in healthy conditions. But what popularizes the concept of using IoT technology in the fleet industry?
Demands for IoT-powered Monitoring in Transportation
Almost all industries, including transportation, are jumping on the IoT bandwagon and accepting innovation as their key to business growth. With the implementation of IoT technology, the fleeting industry is excelling by strategizing unique methods and satisfying its customers with better services. Moreover, IoT plays a significant role in keeping the products secured, especially during the import and export of goods from far-off places. It uses sensor devices for better goods management, vehicle ownership, and constantly monitors the driver's driving habits. Statistically , the global IoT market is expected to surpass $1 trillion by the year 2022, and almost 80% of the firms are expected to adopt IoT technology over the next five years.
Thus, uniqueness and innovative methods drive the demands of IoT-powered monitoring in the transportation industry. It suffices the fleet managers by providing a single managerial desk that enables easy management of the entire goods processing. The advanced gateways, communication protocols, and cloud platforms play a crucial role in keeping the data secured against any breaches. It further uses advanced analytics to provide actionable insights for better decision-making. Moreover, there are unique aspects of using smart asset monitoring that benefit the transportation industry in many ways.
Fleet vehicles are being used as the key source to transport goods from place to place. In between long journeys, vehicles must be constantly monitored to keep a real-time check and avoid road mishaps. By installing sensor-based technology for the logistics and transport sector, it is easier for the managers to stay in pace with the goods and fleet vehicles till they reach their destination. It creates a sort of security for the vehicles and sends instant alerts to take necessary actions whenever required. By integrating IoT devices with vehicles, you can check their health and performance. It is also simpler to perform predictive maintenance with the help of smart asset monitoring due to its advanced analytics feature. It helps generate illustrative reports to make informed decisions and better business strategies.
Reduced Carbon Footprint
IoT is a futuristic technology, which provides state-of-the-art techniques to improve environmental issues like air pollution. Most of the fueled vehicles release pollutants that harm the environment and affect human health. Among such vehicles, the unmonitored ones are likely to affect the environment more than any other. Therefore, integrating an asset monitoring solution helps keep a real-time check on the vehicleâ€™s conditions and provide insights regarding its performance on the roads to avoid excess fuel consumption. This significantly reduces the carbon footprint and promotes fresher surroundings. With the help of sensors installed on various vehicle parts like tires, axles, speedometers, etc. you can get real-time information over the connected smart gadget. The solution is embedded with the latest hardware and software to send instant updates about the vehicle's conditions, allowing you to make the necessary decisions.
In the fleet industry, the weight of the cargo matters the most during the import and export processes. While the goods are in transit, many-a-times the managers overlook the accuracy of the goodsâ€™ weight and send a green signal for further processing. This causes unnecessary fines at the places where stringent rules are being followed. Integrating an automated solution can prove beneficial in such cases as it provides accurate information related to the cargo and trailer weight. Additionally, the latest sensor devices identify the actual capacity of a particular truck and provide insights. It develops a safer process to transit the goods, avoiding unnecessary road mishaps due to truck overloading. Also, you can save the extra expenses by knowing and carrying the required amount of load.
IoT technology is making warehouses intelligent and smarter. It helps identify the exact position of the product quickly, which saves a lot of time for the managers. It further simplifies their managerial tasks by allowing them to operate the entire warehouse from a single dashboard. Smart warehouse monitoring through IoT technology offers better management strategies due to sensor devices and data collection on the cloud platform. It provides seamless operability within the entire warehouse and keeps the data secured. You can also analyze the historical data to obtain actionable insights for quick decision-making. IoT-powered asset monitoring is a useful integration to enhance warehouse management at advanced levels. It also improves business productivity and allows you to optimize the delivery schedules whenever needed.