| |AUGUST 20229IIOT technologies are used to transform industrial assets and systems so that they become more predictive, prescriptive, safer, intelligent and more profitable2. Smart Factories: The implementation of IIoT in factories has automated workflows during the production process.3. Equipment & Tool Tracking: Through a network of connected hardware and software, IIoT asset tracking solutions can help companies quickly locate equipment in real time.Manufacturing companies have been implementing IIoT systems to improve productivity, reduce costs, reduce the number of lost assets, and simplify reporting and analytics. An IIoT asset tracking system provides real-time location and condition of tools, equipment, and other valuable assets. Seeing the location and condition in real-time helps you stay ahead of competitors. Improving workflow efficiencies and increasing transparency will improve company image among customers and prospects. Logistics companies can gain benefit from the use of an IIoT asset tracking solution. Monitoring supply chain can be difficult without the assistance of IIoT technology. An asset tracking system can help users to visualize remote assets whether indoors, outdoors, or on-the-road. The main purpose of logistics is to get resources to their final destination on time. Things can unintentionally get lost in transport, and unforeseen delays occur as a result. An asset tracking and monitoring solution will help you better prepare for the unexpected. Hospitals have invested in asset tracking systems to help them with healthcare equipment tracking and compliance regulations. Hospitals can better manage their equipment and time more productively. Knowing how much equipment you have, compared to how much you're using, can allow healthcare systems to make better decisions regarding inventory. Also, knowing the location of equipment can give employees time to quickly provide patient care. Digital `trails' of equipment usage can help to ensure compliance regulations are met.
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