Real-time tracking and positioning
Flexible asset tracking for seamless, on-time operations
How can real-time asset tracking improve operational visibility and situational awareness?
Poor asset visibility in industrial environments can significantly impact performance and profits. Lost, misplaced and stolen assets, inefficient work processes, and underutilized equipment all contribute to productivity losses. Real-time asset tracking and positioning is crucial for addressing these challenges, improving operational visibility and situational awareness. Its wide application range and ability to meet diverse business needs make it a valuable investment for enterprises on their digital transformation journey.
How does real-time asset tracking enhance operational efficiency? Download our free guides
Real-time asset tracking enhances operational efficiency by providing real-time location-based insight and improved asset visibility, which leads to better efficiency, productivity and profitability. Download our guides below to explore the use cases, advantages and key technologies of real-time tracking and positioning.
What is real-time tracking and positioning for industrial sites?
Real-time tracking and positioning is the ability to locate and track the position of your physical assets in the moment, anywhere, both indoors and outdoors, right across your extended industrial site. These assets might be anything from raw materials to finished goods, machines or workers and are likely to be crucial for successful operations. By gaining greater asset visibility you can significantly boost operational performance.
Transform location data into AI-powered contextual awareness
Enhance operational visibility with advanced location information across your industrial site with MX Context: Tracking and Positioning. Using sensor fusion technology, this solution suite enhances contextual awareness by integrating diverse data from various tracking and positioning technologies, ensuring accurate and reliable positioning, and maintaining tracking continuity across different environments. Advanced AI algorithms process the harmonized sensor data to deliver real-time insights and predictive recommendations, enabling informed decision-making and advanced automation. This drives operational excellence in critical areas such as asset utilization, inventory management, process efficiency and worker safety.
What business challenges does real-time tracking and positioning solve?
A lack of asset visibility is the root cause of many challenges in industrial environments - especially in complex manufacturing, port terminal and mining operations. Real-time location systems (RTLS) can help solve these challenges and many more to significantly improve productivity, operational efficiency, cost savings and worker safety. Typical challenges include:
- Lost, stolen and missing assets
- Inefficient asset utilization and work processes
- Poor inventory management
- Dangerous workplace situations
20%
of operators’ time is spent searching for tools ¹
€630 billion
is the cost of inefficient resource utilization for European industry every year ²
USD $142,000
is the value of surplus stock an average manufacturer holds each year ³
Sources: 1) Sandvik Coromant, 2) Greenovate Europe, 3) Unleashed Software
What are typical tracking and positioning use cases?
Industrial asset tracking solutions address a variety of use cases and enhance the visibility over equipment, machines and people to meet the unique needs of businesses in a whole range of sectors. A wide variety of technologies and solutions are available to solve different challenges from indoor and outdoor tracking to gaining visibility over mobile assets and keeping workers safe. Deploying the right real-time location system (RTLS) will rapidly become a key contributor to your overall business performance, whatever your industry sector or operational requirement.
How to use real-time asset tracking to improve productivity, efficiency and safety
The diagram below shows how indoor location tracking and outdoor location tracking solutions can solve a series of industry challenges and help enterprises to improve their operational performance.
How can I keep track of all my assets?
What are the benefits of real-time asset tracking in industrial environments?
Real-time tracking and positioning gives you crucial end-to-end asset visibility across your operations and sites and drives measurable business benefits for more seamless, flexible and on-time operations.
Amplify visibility
Bring crucial visibility to every part of your operation by tracking and positioning any asset, anywhere on your site. Uncover hidden inefficiencies and danger blackspots and move to solve them fast.
Inform decision-making
Know when and where to optimize processes and workflows with real-time and historical data. Identify bottlenecks and inefficiencies in your day-to-day operations to improve performance.
Operate smarter
Accelerate return on your asset investments, improve workflows and always have the right-sized stock at hand. Boost the productivity, efficiency and safety of your operations while supporting cost savings and more sustainable work processes.
Which asset tracking solutions can help me realize benefits fast?
At Nokia, we can help you make the right deployment decision based on what’s best for your business. Depending on the nature and layout of your industrial site, some solutions will address your needs better than others.
We offer a comprehensive tracking and positioning suite that brings different asset tracking scenarios to life, across both your indoor and outdoor operations. Our expert teams can advise you on which solution and deployment model is best for your specific sector, use case and business need.
Our tracking and positioning suite is also natively integrated with our edge compute and AI platform, bringing on-premises edge computing, business-critical wireless connectivity, and a Marketplace for industrial devices and applications to your operation, for speedy and straight-forward deployments
Real-time tracking and positioning on our Nokia edge compute and AI platform
Explore the technologies that power real-time asset tracking
Real-time asset tracking needs the right technology foundation to ensure secure, reliable and always-on performance in complex industrial environments. Our edge compute and AI platform for industries easily integrates into existing environments to simplify and accelerate the deployment of asset tracking, wider digitalization, and real-world AI use cases. It comes with private wireless and Wi-Fi connectivity as well as access to our DAC Marketplace, so you can easily deploy ecosystem applications and a range of ruggedized industrial devices for workers and machines.
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Make real-time tracking and positioning a reality.
Empower your business to accelerate Industry 4.0 digitalization.
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