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The pros and cons of specialised asset tracking

For some assets, you just want to know whether they’re functioning and if they are where they are supposed to be. But for others, location and status tracking just isn’t enough.

 

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For some assets, you just want to know whether they’re functioning and if they are where they are supposed to be. But for others, location and status tracking just isn’t enough. For some assets, you want cold, hard data, and lots of it.

If you’re data-hungry, your best bet is to go with a specialised asset tracking solution. One that’s built specifically for that asset, and which is designed to mine as much data from the device as possible. But, specialised asset tracking solutions have a host of logistical challenges that you need to consider as you look for a tracking solution. Curious? Keep reading, and we’ll cover the pros and cons of specialised asset tracking. 

Pros of specialised asset tracking.

Specialised asset tracking refers to tracking solutions that are designed for a specific type of asset, or a certain brand. These solutions can be wonderful if you want to gather lots of data for a specific asset. Some of the pros include:

Pre-assembled systems: One advantage of some asset tracking systems is that they come with the asset itself. This is most notable with heavy equipment. Most brands have built-in telematics systems that let you track the vehicles, no third-party integration needed. This isn’t the case for every asset type, but it is a plus for the assets that have this option.

Specialised asset data: If you have key assets that you need a lot of data from, then specialised asset tracking is the way to go. These systems will give you loads of data and insights on that specific asset and its performance.

Excellent insights: Specialised asset tracking systems don’t just offer more data. They’re often designed to give you more insights from that data. A specialised system will outline how to improve your way of working, and the insights these systems can offer is unparalleled.

Targeted improvements: Everything these systems do is focused on increasing output and improving asset productivity. They’ll help you build specific plans to get the most out of the assets you track. 
 

Cons of specialised asset tracking.

Specialised asset tracking is a great first step. But if you’ve got a large fleet, or are in a remote area, there are some key problems you’ll have to face.

Mixed fleets: One of the benefits of specialised asset tracking software is that it’s often built into the asset. But the flip side of this benefit is that these telematics systems often don’t work together. And since the majority of fleets include assets from various brands, built-in operating systems can become more of a pain than they’re worth. While there is some standardisation and interoperability among brands, the reality is that it can be hard to patch all of the asset trackers together into one cohesive system or provide the needed insights in a blink of an eye.

Limits on the types of assets you can track: Specialised asset tracking is an excellent option if you want lots of data on your assets. But if you’ve got different types of assets (from heavy machinery, to vessels, to non-powered equipment like portable toilets), you’ll have to string together different types of tracking solutions to get a cohesive overview of your worksite.

Personnel needs: Specialised asset trackers are designed to give you loads of information. And while this information is amazing, it means you need people to interpret the data insights and make changes to your worksite. Depending on the complexity of your system, you may need to hire a few full time employees just to monitor the system. 

The verdict

Overall, specialised asset trackers are excellent for gathering specific data from your vehicles, but they aren’t always the most practical solution. If you’re looking to make big productivity gains with a specific asset type, this might be the best option. But if you just want to know where your assets are and how your assets are being treated, you might be overpaying with a specialised solution. 


About Hiber

Hiber is a Dutch-based company with headquarters in Amsterdam and research facility in Delft. It also operates out of Maryland. In late October 2018 it successfully launched its first two nano satellites from California and India. It was also voted the Amazon Web Services Commercial Start-Up Launch of the Year, 2018. (Previous winners include Pinterest and AirBnB.) Current applications include monitoring crops in Africa, groundwater in Australia, fishing vessels across the Pacific, carbon-free vehicles in Antarctica, rail cars in America, cattle in South America, beehives in Europe, and even Dutch flowers.

Find out more at www.hiber.global

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