March 2023

RTLS impact in asset management

A real-time locating system (RTLS) is an advanced tracking system that enables businesses to pinpoint the exact location of assets as they move within a given area. This technology has revolutionized asset management and tracking by providing numerous advantages to businesses.

 

 

Both indoor and outdoor applications emerge across different industries, from manufacturing, aerospace and defense, telecom to healthcare, utilities and government. Every application benefit from managing the lifecycle of physical assets to maximize their use; save money; improve quality and efficiency; and safeguard health, safety and the environment.

 

  1. Traditional asset tracking systems rely on barcoding and radio frequency identification (RFID) tags, which have limited accuracy and can be difficult to track in large areas. By contrast, RTLS technology utilizes advanced sensors and positioning algorithms to pinpoint an asset’s exact location in real-time, allowing for much more accurate tracking and improved asset management. Therefore, one advantage of an RTLS is that it is extremely precise.
  2. Another advantage of an RTLS is its ability to monitor asset movement in real-time. This technology can track assets as they move within a given area and provide real-time updates of their location. This is especially beneficial for businesses that need to manage large fleets of vehicles or assets that move around frequently. By having access to real-time data, businesses can better plan routes, optimize operations, and reduce the risks of theft or loss.
  3. Finally, an RTLS can be used to detect and respond to potential security threats. The system is able to detect any unusual or suspicious movements of assets, allowing businesses to react quickly and take appropriate action. This can be especially useful in high-value industries, such as the healthcare or defense sectors, where security is a major concern.

 

In conclusion, a real-time locating system offers numerous advantages to businesses, including its precise accuracy, real-time updates, and ability to detect and respond to potential security threats. By utilizing an RTLS, businesses can improve their asset management and tracking, optimize their operations, and reduce the risks of theft or loss.

 

Metirionic provides Ranging Technology that enables reliable wireless distance measurement for Real Time Location Systems (RTLS).

 

MARS (Metirionic Advanced Ranging Stack) enables the most accurate location and highest possible achievable range indoors and outdoors.

 

Read more about MARS.

Go back to News