Challenges with Tracking Assets Globally: Navigating the Complexities

October 20 2023

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Businesses face an array of challenges when it comes to global asset tracking and monitoring. From ensuring reliable connectivity in remote locations to navigating through a maze of international regulations, and from managing the longevity of power sources to safeguarding data privacy, each factor is critical to the success of asset tracking on a global scale.

As operations expand and assets move across diverse landscapes, the demand for an integrated, secure, and cost-effective tracking system becomes essential. That’s where Digital Matter steps in, offering sophisticated solutions tailored to overcome these global hurdles.

Connectivity and Infrastructure

Connectivity and infrastructure are the cornerstones of global asset tracking, yet establishing a seamless and reliable network across diverse geographies remains a formidable challenge for businesses today.

  • Varying Standards and Technologies: Different countries operate on various telecommunication standards and technologies, such as GSM, CDMA, LTE, and 5G, leading to a complex patchwork of systems that global asset trackers must navigate.
  • Remote and Inaccessible Areas: Ensuring consistent connectivity in remote or underdeveloped areas poses a significant challenge, especially when assets transit or are stationed in locations beyond the reach of conventional networks.
  • Infrastructure Limitations: The absence of robust telecommunications infrastructure in certain regions can result in blind spots, hampering the ability to track assets effectively in real-time.

Regulatory and Compliance Issues

The international landscape is full of varying regulations and compliance requirements, making asset-tracking operations an absolute necessity.

  • Diverse Regulatory Frameworks: Each country has its own set of regulations governing telecommunications, data storage, and transport. Companies must ensure compliance with each to avoid legal and financial penalties.
  • Data Sovereignty and Localization: Many countries have strict data sovereignty laws that require data to be collected, processed, and stored within national borders, necessitating localized data management solutions.

Power Management

The efficacy of global asset tracking is heavily dependent on the endurance and reliability of power sources for tracking devices.

  • Battery Life Constraints: For long-haul tracking, devices require batteries that can last for extended periods, which can be challenging, especially for smaller devices with limited space for larger batteries.
  • Device Management Software: Sophisticated software is needed to monitor and manage the performance and power consumption of devices, ensuring they remain operational throughout the required tracking period.

Data Security and Privacy

Data breaches are becoming more common, and securing the vast amounts of data generated by global asset tracking is a priority.

  • End-to-end Encryption: Implementing robust end-to-end encryption standards is vital to protect data as it travels across the global network infrastructure.

Integration with Existing Systems

For asset tracking to deliver its full value, it must integrate smoothly with the existing systems within an organisation.

  • Interoperability Challenges: The diverse range of existing IT systems and software within companies means that new tracking solutions must be highly adaptable and interoperable to provide seamless integration.
  • Unified Data Management: Companies need a centralized platform that can handle data from various tracking systems, avoiding the pitfalls of data silos and ensuring cohesive analytics and reporting.
  • Technical Support and Training: Adequate technical support and training are required to manage the integration of new tracking technologies into existing systems without disrupting daily operations.

Cost Management

While the benefits of global asset tracking are substantial, they come with associated costs that need to be effectively managed to ensure a positive return on investment.

  • Scale and Complexity Costs: As businesses scale their tracking solutions globally, costs can escalate, particularly when dealing with the complexity of multiple jurisdictions and technologies.
  • Maintenance and Upkeep: Ongoing maintenance and the potential need for replacement or upgrades of tracking devices contribute to the total cost of ownership.
  • Analysis for ROI: Businesses must perform detailed cost-benefit analyses to ensure that the implementation of global asset tracking systems delivers the intended benefits without prohibitive costs.

When it comes to global asset tracking, the challenges are as diverse as the assets themselves. Yet, with the right expertize and technology, these obstacles become navigable.

At Digital Matter, we offer tailored solutions that cut through the complexity, ensuring your assets are not just tracked but effectively managed, no matter where on the globe they may be. Embrace our expertize and transform these global challenges into strategic advantages for your business.

Explore our global-ready IoT asset tracking solutions, or contact us to learn more.

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