Whether it’s an agricultural, mining, trucking or cargo ship operation, asset tracking and logistics has become a much more insightful task by using Internet of Things (IoT)-powered connected sensors that are able to transmit data in real-time and are made actionable by artificial intelligence (AI) processing. However, to truly unlock the value, the IoT system must leverage ubiquitous connectivity.
Connected IoT devices deliver enhanced visibility, control and efficiency in logistics and asset tracking, leading to cost savings, improved customer satisfaction and more sustainable operations. By using satellite-powered IoT connectivity, the devices are assured to be “always on,” whereas with terrestrial networks they can be subject to spotty service, inadequate bandwidth or be out of a coverage area completely. With many assets located at sea and in other areas beyond reach of terrestrial networks, satellite is the only complete solution. Even in places well covered by terrestrial options, a satellite connection offers another layer of connection reliability.
The use cases for IoT with asset tracking and logistics are vast. Here are just a few of them:
- Location tracking: IoT devices like GPS trackers can provide real-time location information for vehicles, shipments or other assets. This allows logistics managers to monitor the movement of goods and assets, optimize routes and respond quickly to delays or other issues.
- Inventory management: Items can be monitored for their status, such as temperature, humidity or vibration. Imagine a sensor on a shipping container in the middle of the ocean that can report on the status of perishable goods — this is invaluable information that helps reduce spoilage or prevent damage to sensitive products during transportation.
- Predictive maintenance: Connected sensors can monitor the condition of vehicles, machinery or equipment in real-time. They can detect signs of wear and tear, enabling proactive maintenance to prevent breakdowns.
- Supply chain visibility: IoT devices allow companies to track the movement of goods from suppliers to customers. This allows them to identify bottlenecks, optimize inventory levels and improve overall efficiency.
- Security/theft prevention: IoT devices can include security features like alarms, geofencing and tamper detection. These features help in preventing theft and unauthorized access to assets or shipments.
By pairing real-time data gathered from connected sensors with AI-powered analysis—all connected via space, IoT has the potential to help companies realize substantial savings through greater efficiency, visibility and control.