What is asset tracking?
Asset tracking, also known as asset management, refers to the method of tracking physical assets, either by scanning barcode labels attached to the assets or by using tags using GPS, BLE or RFID which broadcast their location.
Asset tracking is crucial because it captures vital information on the location and status of assets. Thanks to technological advancements, specifically the IoT industry, asset tracking is becoming easier, less expensive, and more robust. Now companies can track assets and their crucial data to enhance workflows in their facilities with increased connectivity.
TT Electronics plc (LON:TTG) is a provider of engineered electronics applications for performance-critical applications. The Company works with customers in the industrial, medical, aerospace and defence, and transportation sectors.