Wireless Asset Tracking, M2M Tracking, Asset Location Tracking
According to API Research, M2M projects growth from ~71 million connections globally in 2009 to ~225 million connections by 2014. Knowing where an object is at any given moment streamlines operations and leads to reduces costs.
How does it work?
- Install an M2M tracking device onto the object, such as a container, a truck, a ship, a parolee’s ankle bracelet, or a laptop computer.
- Object is opted into the tracking system.
- Object is tracked using network location data.
- Location information is sent back to the tracking system.
- Fleet management is one of the most widely adopted segments of the asset tracking space. It is used widely in freight and shipping, automobile rental and leasing, public transportation, construction equipment, and by federal, state, and law enforcement agencies.
Once tracking is installed, organizations experience a 23% increase in service calls completed per day-technician, a 12.2% increase in service profitability, a 14.8% reduction in average travel time per job, a 9.9% decrease in overtime pay, a 27.9% increase in operator compliance, and a 13.2% reduction in fuel costs. Because of the time and cost savings, and a decreased cost of tracking, fleet tracking has begun to move from large fleets to smaller ones.