ISE Magazine, January 2019

JANUARY 2019 WWW ISEMAG COM 45 ASSET MANAGEMENT Additional research highlights include Blockchain will become an important part of asset tracking software and services Real Time Location Systems RTLS represent a 12 billion North America asset tracking solution market opportunity by 2023 The global asset tracking services market for AI driven assets will grow at 403 through 2023 Once a largely manual process asset inventory management made great strides with the introduction of RFID and other technologies that enable enterprises to uniquely identify assets Enterprise organizations with highly mobile and or valuable assets are rapidly becoming aware of the benefits of connected assets in terms of overall management including location status and presence relative to other assets Enterprise asset tracking needs are wide ranging and include general surveillance and protection care of custody management maintenance utilization and other important functions Specific use cases will vary between sectors enterprise vs industrial and industry verticals aerospace agriculture healthcare manufacturing etc as well as each individual company Accordingly the business case for asset tracking varies widely based on each specific situation The asset class is arguably one of the most important factors Fortunately for enterprise managed solutions exist that enable incremental investment and scalability These solutions may be either premises based or cloud based solutions that utilize a combination of technologies including sensors communication modules machine to machine M2M communications and IoT networks In both cases many M2M and IoT solutions enable streaming data which can facilitate real time decision making This is very important for time critical industries such as commercial aviation It is therefore not uncommon to find asset tracking systems producing data that is used both for control purposes as well as a feed to advanced analytics platforms which may use machine learning and other artificial intelligence tools to assist enterprise with long term asset planning n Resource Mind Commerces Asset Tracking Market 2018 2023 report features Asset Tracking Market by Technology M2M IoT Edge Computing Smart Devices Connection Type 3G 4G 5G WiFi and WiMAX Mobility Fixed Portable and Mobile Location Determination GPS RFID Others and Industry Verticals 2018 2023 It also evaluates asset tracking technologies solutions and ecosystems including major players For more information about the report please visit https mindcommerce com reports asset tracking market 2018 2023 Gerry Christensen is Founder and CEO Mind Commerce an information and communications technology analyst firm focused on key emerging and highly disruptive technology areas including A I broadband computing data management and analytics immersive technologies and the IoT He has more than 30 years of experience in telecom and IT Mind Commerce is an information services company that provides research and strategic analysis focused on the ICT industry Their ICT reports provide key trends projections and in depth analysis for infrastructure platforms devices applications services emerging business models and opportunities For more information please visit https mindcommerce com Follow Mind Commerce on Twitter @ MindCommerce