In complex life sciences operations, IoT-enabled asset management is urgent to streamline operations, promote cost savings, drive ROI, and save time for scientists to focus on their core mission: researching, developing, and creating pharmaceutical products.
There’s no shortage of solutions available for asset tracking in the real-time location systems (RTLS) arena, which is why evaluating core features, functions, and design of varying RTLS options is essential to meet your specific business needs.
Asset management and asset tracking are the backbone of efficiency in virtually all industries, fortifying productivity, and driving ROI. While they’re interrelated in nature, each represents different functionality, meaning, and purpose.
By streamlining and automating workflows, IoT-enabled asset management can enhance the quality and timing of patient care, increase operational efficiencies for staff, and empower data-backed, evidence-based decision making.
Medical facilities can reap substantial benefits from asset tracking technologies that promote better use of resources and time for staff and enhance the quality of care for patients. Ensuring a successful rollout relies on three factors: cost of ownership, ease of installation and maintenance, and scalability.
In healthcare, investing in IoT-powered asset management capabilities like RTLS pays off in routine productivity – and keeps paying off – by helping reduce costs associated with misplaced and underutilized equipment for better use of resources and time.
Unlike passive radio frequency identification (RFID), real-time location systems (RTLS) can enhance enterprise-wide asset tracking capabilities by providing equipment location data in real-time. By asking the right questions, enterprises can understand which solution is best for their business models.
Real-time location systems (RTLS) empower healthcare facilities to leverage IoT for asset tracking to help improve operations, optimize workflows, reduce costs, and ensure equipment availability – freeing up time for clinicians to focus on patient care.
Enterprises in all industries leverage various wireless technologies for asset tracking, namely BLE-based RTLS solutions or passive RFID. Understanding variables like range, hardware costs, and location accuracy helps enterprises decide which solution is best for meeting dynamic inventory management needs.
Asset tracking is vital for healthcare, life sciences, manufacturing, and other large-scale enterprises. Combining short-range BLE capabilities with long-range LoRaWAN® (Long-Range Wide-Area Network) capabilities allow for real-time location systems (RTLS) with greater accuracy, affordability, and operational efficiencies.
When deploying IoT solutions, flexibility and interoperability are key for unifying data and eliminating silos in the R&D sector. Platforms affording seamless integration with existing systems drive total data transparency, and can generate user insights to boost productivity, optimize operational spending, and improve decision-making.