Keeping track and finding critical assets is a major challenge for any company. Finding important equipment takes time, which can lead to costly delays or downtime, project delays and customer obligations, and the wastage of labour.

Traditionally, companies have used spreadsheets to maintain assets, or barcode labels to track equipment serial numbers. Both approaches, however, necessitate a substantial amount of manual labour. Using radio frequency identification (RFID) technology to track assets automatically is one method to improve asset management quickly.

Electromagnetic fields are used to send data from a tag to a reader in an RFID asset tracking system. It doesn't matter if you're talking about a multi-storey structure, a hospital, or a factory; RFID can give reliable and real-time tracking data for both fixed and mobile assets. An RFID reader is able to read the data stored on an RFID tag because of the radio waves emitted by the tag that is repeatedly pulsating. A sophisticated asset monitoring system is eventually implemented, where the data may be monitored and actions are taken as a result.

The ability to automate your tracking and monitoring procedures intends to put an end to the highly error-prone ways of tracking and monitoring that have traditionally been done with pen and paper and excel spreadsheets.