The industrial IoT refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including, but not limited to, manufacturing and energy management.
This connectivity allows for data collection, exchange and analysis, potentially facilitating improvements in productivity and efficiency as well as other economic benefits.
Yoopl asset management (also known as asset tracking) is the process of keeping track of your company’s physical assets and their information, including who is using what, where, and when.
Physical assets can refer to systems, computers, and other equipment used in the business.
Many smaller companies rely on handwritten lists or Excel spreadsheets to keep track of their assets. Larger and more mature companies have implemented dedicated asset management solutions, which allow employees to easily access and update an assets’ information.
How Asset Management Works with IoT Devices
The internet of things (IoT) integrates physical equipment with information technology systems by sending and exchanging data over the internet. IoT takes typical asset management software to the next level by allowing connected devices to automatically send information about their status without continual help from employees.
For example, you can turn an ordinary asset into an IoT device by attaching a sensor. The sensor automatically sends information about the asset’s status, such as location and possible malfunctions, to your central system. That allows companies to proactively collect and analyze data about their assets without human involvement. IoT asset management systems can also flag warning signs of equipment malfunctions and failures, using data to create automated maintenance schedules and preemptively service assets before problems occur.