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Asset tracking refers to the method of tracking physical
asset In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...
s, either by scanning
barcode A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or o ...
labels attached to the assets or by using tags using
GPS The Global Positioning System (GPS), originally Navstar GPS, is a Radionavigation-satellite service, satellite-based radionavigation system owned by the United States government and operated by the United States Space Force. It is one of t ...
, BLE,
LoRa Lora is a female given name and family name in the Spanish language of French origin meaning from Lorraine, a region in Northeastern France. As a given name, Lora may also be a variant of Laura or derived from an Italian hypocoristic of either El ...
, or
RFID Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder, a radio receiver and transmitter. When triggered by an electromag ...
which broadcast their location. These technologies can also be used for indoor tracking of persons wearing a tag.


RFID

'Passive' RFID tags broadcast their location but have limited transmission range (typically a few meters). Longer-range "smart tags" use 'active' RFID -where a radio transmitter is powered by a battery and can transmit up to 2000 meters (6,600 feet) in optimum conditions. RFID-based Asset Tracking requires an infrastructure to be put in place before the whereabouts of tags may be ascertained. An asset tracking system can record the location and usage of the assets and generate various reports.


Barcodes

Assets can be tracked via manually scanning
barcode A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or o ...
s such as
QR code A QR code (an initialism for quick response code) is a type of matrix barcode (or two-dimensional barcode) invented in 1994 by the Japanese company Denso Wave. A barcode is a machine-readable optical label that can contain information about th ...
s. QR codes can be scanned using
smartphone A smartphone is a portable computer device that combines mobile telephone and computing functions into one unit. They are distinguished from feature phones by their stronger hardware capabilities and extensive mobile operating systems, whic ...
s with cameras and dedicated apps, as well as with
barcode reader A barcode reader is an optical scanner that can read printed barcodes, decode the data contained in the barcode to a computer. Like a flatbed scanner, it consists of a light source, a lens and a light sensor for translating optical impulses into e ...
s.


NFC

Latest trend in asset tracking is using
NFC NFC may refer to: Psychology * Need for cognition, in psychology * Need for closure, social psychological term Sports * NFC Championship Game, the National Football Conference Championship Game * NCAA Football Championship (Philippines) * Nati ...
.
NFC NFC may refer to: Psychology * Need for cognition, in psychology * Need for closure, social psychological term Sports * NFC Championship Game, the National Football Conference Championship Game * NCAA Football Championship (Philippines) * Nati ...
technology simplifies tracking of assets by tapping the assets and getting the details. This is an advantage for tracking critical assets where user needs to see the condition of the asset to be tracked.


GPS asset tracking

Assets may also be tracked globally using devices which combine the GPS system and
mobile phone A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link whil ...
and/or
satellite phone A satellite telephone, satellite phone or satphone is a type of mobile phone that connects to other phones or the telephone network by radio through orbiting satellites instead of terrestrial cell sites, as cellphones do. The advantage of a sa ...
technology. Such devices are known as GPS asset trackers and are different from other
GPS tracking unit A GPS tracking unit, geotracking unit, satellite tracking unit, or simply tracker is a navigation device normally on a vehicle, asset, person or animal that uses satellite navigation to determine its movement and determine its WGS84 UTM ge ...
s in that they rely on an internal battery for power rather than being hard-wired to a vehicle's battery. The frequency with which the position of the device must be known or available dictates the quality, size or type of GPS asset tracker required. It is common for asset tracking devices to fail due to
Faraday cage A Faraday cage or Faraday shield is an enclosure used to block electromagnetic fields. A Faraday shield may be formed by a continuous covering of conductive material, or in the case of a Faraday cage, by a mesh of such materials. Faraday cage ...
effects as a huge proportion of the worlds assets are moved via
intermodal container An intermodal container, often called a shipping container, is a large standardized shipping container, designed and built for intermodal freight transport, meaning these containers can be used across different Mode of transport, modes of trans ...
s. However modern tracking technology has now seen advances in signal transmission that allows enough signal strength reception from the GPS satellite system which can then be reported via
GPRS General Packet Radio Service (GPRS) is a packet oriented mobile data standard on the 2G and 3G cellular communication network's global system for mobile communications (GSM). GPRS was established by European Telecommunications Standards Insti ...
to terrestrial networks. Mobile phones are personal devices. Asset tracking apps for smart devices had been used as a means of personal tracking and rescues. For example,
Find My iPhone Find My iPhone (known as Find My Mac in macOS) was an app and service provided by Apple Inc. that allowed remote locating of iDevice, iOS devices, Macintosh, Mac computers, Apple Watch, and AirPods. Find My iPhone was enhanced and merged into the ...
is an app and service provided by Apple; it was used in rescuing a missing person in deep ravine from a car accident after other attempts failed. There are also tracking apps combined with viewing functions used as a surveillance similar to FAA's
Automatic dependent surveillance – broadcast Automatic may refer to: Music Bands * Automatic (band), Australian rock band * Automatic (American band), American rock band * The Automatic, a Welsh alternative rock band Albums * ''Automatic'' (Jack Bruce album), a 1983 electronic rock ...
(ADS-B).


Wi-fi, IR, LoRa and Bluetooth

For indoor asset tracking Wi-fi combined with another technology like IR has been used.
Bluetooth Bluetooth is a short-range wireless technology standard that is used for exchanging data between fixed and mobile devices over short distances and building personal area networks (PANs). In the most widely used mode, transmission power is limi ...
and
LoRa Lora is a female given name and family name in the Spanish language of French origin meaning from Lorraine, a region in Northeastern France. As a given name, Lora may also be a variant of Laura or derived from an Italian hypocoristic of either El ...
technology have also been used, and may provide more accuracy even if these radio technologies weren't primarily developed for location tracking. In order to position an asset via Bluetooth or LoRa, which is a basic requirement for asset tracking, the
RSSI In telecommunications, received signal strength indicator (RSSI) is a measurement of the Electric power, power present in a received radio signal. RSSI is usually invisible to a user of a receiving device. However, because signal strength can var ...
and
TDOA Time of arrival (TOA or ToA) is the absolute time instant when a radio signal emanating from a transmitter reaches a remote receiver. The time span elapsed since the time of transmission (TOT or ToT) is the '' time of flight'' (TOF or ToF). Time dif ...
is used to calculate a distance to the signaling transmitter from the signal strength. The principles for position determination are trilateration, triangulation and fingerprinting. LoRa can be used for both indoor and outdoor tracking as LoRa signals can travel longer distances (kilometers).


See also

*
Barcode A barcode or bar code is a method of representing data in a visual, machine-readable form. Initially, barcodes represented data by varying the widths, spacings and sizes of parallel lines. These barcodes, now commonly referred to as linear or o ...
*
Near-field communication Near-field communication (NFC) is a set of communication protocols that enables communication between two electronic devices over a distance of 4 cm (1 in) or less. NFC offers a low-speed connection through a simple setup that can be u ...
*
Radio-frequency identification Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID system consists of a tiny radio transponder, a radio receiver and transmitter. When triggered by an electromag ...
* Track & Trace


References

{{Geolocation_and_positioning_systems Asset Barcodes Tracking