Asset tracking refers to the process of documenting and monitoring a business’s assets. This usually involves a platform that shows the location, owner, contract, and maintenance history of a specific asset. Using a tracking software manual processes asset management, thus eliminating manual labor or site visitation from time to time – this is a cost-effective strategy for monitoring and checking of business assets anytime, anywhere. Relying on physical assets for a business means keeping an eye on those to ensure that everything is aligned to avoid problems. 

What are the benefits of Asset Tracking? 

• Maintaining Compliance 

Asset tracking helps a business ensure it complies with a company’s regulations through documenting and monitoring. 

• Improved Efficiency & Accuracy

Asset tracking provides the benefit of giving valuable, high-level, and real-time insights into the assets of the business’ physical spaces including the warehouse, storage, and office. This is important as it enables to identify the current status of an asset including equipment maintenance and how long it has been running. With regards to accuracy, this level of insight shows that there will no longer be guesswork. 

• Lower administrative cost 

Asset tracking eliminates the need for employees to track down assets manually. 

• Adds in the business’ future growth 

There’s no need to scale and monitor the business growth through spreadsheets. Asset tracking is the solution to identify the business areas that need to be checked or improved. 

What’s The Best Tracking Software?

GPS alone for managing and monitoring an asset is no longer enough – which is why RoviTracker discovered an award-winning solution that will benefit the business sector. The asset GPS tracking system goes into a new level of monitoring and tracking aside from just location tracking 

Our friendly team is highly knowledgeable about the integration of our product in various fields, including construction, energy, government services, and security, logistics, manufacturing, and equipment rentals.

All you have to do is to visit https://rovitracker.com/ or call (425) 298-7684 to know more!

RoviTracker recently won the BuiltWorlds Leader Award for its Machines 50 category: Equipment Tracking & Fleet Management

“Asset tracking is not new, and we understand that. What we bring is a constant focus on making a better experience with better technology,” the company said.

Most companies draw a line when it comes to paying for tracking.

1: Crucial: These are high capital assets they cannot afford to lose, usually above $20K, like skids, backhoes, excavators, 45KVA portable generators and above, reach lifts etc. They buy a GPS tracking device, then pay a monthly fee for real-time data.

2: I can live with it: These are smaller tools and assets that if lost or stolen, they will write off. A construction contractor may lose $20 to 30K per project. Rental companies may write off the same amount per year. It’s just not worth paying a monthly fee, even though it’s usually the larger part of their inventory.

RoviTracker helps companies remove the stress of owning all types of assets: not all assets are equal, but they should be accounted for, the company said.

“Did you know it cost an average of $18 per call to answer a question like ‘Where is this asset?’ This cost is due to multiple employees being involved when investigating a missing asset. How often does this question arise per day or week? Then there is the administrative costs of filing claims and other paperwork. The point being, even the small assets cost your company money when they go missing.

“We created a smart device that can do two things, collect GPS location and detect other assets nearby. Then we have these inexpensive tags that are placed on the smaller tools and assets and when they are within 100 to 200 meters of a smart device you’ll receive their location without incurring a monthly fee.”

For more information, e-mail info@rovitracker.com

Full Article: https://www.constructionequipmentguide.com/rovitracker-introduce-new-technology-for-asset-tracking/45366

Utilizing Geofence to Manage People, Places, and Things

Here at RoviTracker, our award-winning management software allows you to designate a geographical boundary for different assets. Through this tool, you can get alerts when something leaves the designated area. Because RoviTracker allows you to affordably track more than just a few major vehicles, you’re able to keep a much better handle on all of your equipment, as well as employees and work zones.

Full Integration

Part of the appeal of working with RoviTracker for geofencing is that although other companies offer geofencing and geotracking, they’re not integrated in with other asset management concerns. RoviTracker’s platform collects and organizes huge amounts of data, from fuel level to temperature, along with video monitors, motion sensors, and maintenance timelines. This means that if you get an alert about an item leaving your geofence, you can do more than fret about what it’s doing outside of the work zone. You can determine what’s going on with that vehicle, tap into surveillance, and analyze data over time to find trends and inefficiencies.

Take It for a Drive

Hundreds of businesses have already experienced the RoviTracker difference for themselves. Our easy-to-use tool will eliminate those piles of paperwork and the headaches that come with them. Sign up for free here, or give us a call to get a walk-through.

425-298-7684

What is Predictive Analytics?

Predictive analytics combines several monitoring methods to establish regular trends and predict the future path of those trends. It utilizes data mining, machine learning, statistical algorithms, and predictive modeling to analyze and observe the current performance of a piece of equipment and predict future performance, including possible failure or malfunction. This is accomplished through the collection and analysis of historical data combined with current, real time data. This data is pulled from multiple sources to provide more accurate readings.

How it is Used?

While predictive analytics can be used in almost any industry and business, here at RoviTracker, we place more of an emphasis on tracking and maintaining heavy equipment. Through the use of predictive analytics, users are able to monitor the fuel level, engine run time, and battery voltage of their equipment. They will be able to know if their equipment is working properly or if there are any issues that may cause the equipment to fail in the near future. Rather than reacting to problems when they occur, the user is able to detect when problems may happen and take steps to prevent those problems from growing into malfunction or failure. It can also be used to determine when regular maintenance should take place.

It is far easier and more cost effective to service heavy equipment before it fails or malfunctions. Through the use of predictive analytics, problems can be detected early, often before they even happen. The user is able to take a more proactive approach to ensure everything is still working properly. It is significantly more cost effective to perform minor maintenance compared to equipment replacement.

RoviTracker provides predictive analytic service to monitor equipment in real time.