Stop the war

Stand with Ukraine flag

Support Ukraine

Try it now Pricing
6 minutes read

Assets Management Software

Assets are an essential part of any business. They can be anything from physical equipment to software licenses to intellectual property, such as documents, images, audio content, media files, etc. Correctly managing assets can help businesses improve efficiency, reduce costs, and mitigate risk.
IoT solutions dashboard with widgets dark
ThingsBoard assets management software is a comprehensive solution that enables you to track, manage, and organize digital assets throughout their usable life. It provides detailed information about all asset data — from its procurement stage, continued maintenance, current status, and location, as well as who is responsible for it. ThingsBoard offers flexibility and scalable asset management tools that can handle any type and number of assets, from simple to complex, from small to large.

Processes Behind Assets Management Software

Digital assets management system (DAM) is usually referenced by customers as "enterprise asset management" or "asset performance management" systems. This term means an IT asset management software, a platform, a tool, or an app that enables the following usage scenarios in various industries:
  • real-time-location tracking;
  • asset usage/utilization tracking;
  • asset health monitoring;
  • conditions monitoring;
  • remaining useful life (RUL);
  • predictive maintenance;
  • integration with ERP/CRM;
  • alerting and notifications.
At the core of digital asset management software lies the ability to gather data from a variety of sources, such as sensors, RFID tags, and manual input. The software acts as a central repository for this information, ensuring it's easily accessible and up-to-date. Once the data is collected, the assets management system employs advanced analytics to generate actionable insights.
Seamless integration with ERP, CRM, and other business systems is crucial for IoT asset monitoring. This ensures that information about physical assets is readily available within the broader context of organizational operations.
The principles of DAM are the fundamental values and guidelines that govern the design and operation of the asset tracking software. They are obtained from the best practices and standards, such as ISO 55000, PAS 55, or IAM.

Top 5 Advantages of Using IoT Asset Management Software

IoT asset management software offers a myriad of practical advantages that directly impact business success:
  • Increase asset visibility and transparency. IoT asset tracking tools give you a clear and comprehensive real-time view of your assets, their location, status, and movement.
  • Shift from a reactive maintenance strategy to a proactive one. By leveraging predictive analytics, businesses can anticipate potential issues with assets and schedule maintenance activities before breakdowns occur. 
  • Enhance operational efficiency. Asset management platform provides streamlined workflows and seamless integration with existing business systems.
  • Ensure regulatory compliance and security. Through features like role-based access control and secure data exchange protocols, businesses can safeguard sensitive information while adhering to industry-specific compliance requirements.
  • Save costs and time. Asset inventory software allows companies to spend less time and money on internal hiring and external partners.

ThingsBoard's IoT Tracking Solutions

ThingsBoard takes pride in offering a robust suite of asset-tracking IoT solutions that cater to the specific needs of diverse industries. These solutions are designed to seamlessly integrate with existing workflows and provide actionable insights for efficient asset management.
Various connectivity options
Whether through direct connection, integration via connectivity providers, or utilizing on-site gateways and edge devices.
Robust security measures
ThingsBoard ensures secure data exchange and implements role-based access control to protect confidential information and comply with industry standards.
Integration with 3rd party systems
ThingsBoard ensures a holistic approach to asset management, integrating with third-party systems such as CRM, ERP, CMMS, etc.
Scalability and flexibility
Businesses of all sizes can benefit from our solutions without constraints.
Efficient maintenance management
Businesses of all sizes can benefit from our solutions without constraints.
Advanced data analytics
Unlock the potential for predictive maintenance scenarios, allowing you to address potential issues before they impact operations.
Visualization dashboards and reporting
Our reporting features facilitate in-depth analysis and informed decision-making for creating customized reports.

IoT Asset Management Dashboard Examples

Explore a glimpse of the intuitive and insightful dashboards available through ThingsBoard's IoT asset management software. From real-time location tracking to comprehensive health monitoring, our dashboards empower users with actionable insights for streamlined asset management.
IoT solutions dashboard with widgets dark

ThingsBoard Benefits:

When choosing an asset inventory management software, ThingsBoard sets itself apart with a range of unique advantages tailored to meet our client's specific needs.

Deep Industry Expertise

ThingsBoard boasts a team of experts with extensive knowledge in asset tracking. This specialized insight allows us to develop solutions that are tuned to the challenges faced by various industries.

Dedication to Innovation

Our commitment to staying at the forefront of technological advancements ensures that our clients will have access to cutting-edge solutions. ThingsBoard continuously evolves to meet the changing needs of the market.

Customizable Solutions

We understand that one size doesn't fit all. ThingsBoard offers highly customizable software asset management tools that can be tailored to the requirements of each client, providing a truly personalized experience.

Robust Customer Support

ThingsBoard takes pride in delivering exceptional customer support. Our dedicated team is readily available to address any queries, provide assistance, and ensure a seamless experience for our clients.

Global Reach and Presence

ThingsBoard's asset management solutions influence on a global scale, serving clients in various countries and industries. This international presence reflects our ability to adapt to diverse business environments.
We go beyond standard offerings to provide a tailored, innovative, and reliable IoT asset-tracking system that truly sets us apart. With a history of successful implementations and satisfied clients, ThingsBoard has established itself as a trusted partner in asset-tracking IoT. Our cases speak for itself.

Our Cases:

ThingsBoard’s IoT asset tracking system has had on various industries. Let's explore how our solutions address critical challenges and drive operational excellence.
Manufacturing Facility - Optimizing Asset Utilization
By implementing DAM, the plant identify underutilized machinery that could be used more efficiently. The plant has also been able to schedule maintenance more effectively, which has reduced downtime and improved productivity.
Construction Site - Equipment Tracking and Maintenance
Usage IoT-based asset tracking system streamlined equipment scheduling, minimizing conflicts and idle time. Integration with the company's ERP system further streamlined procurement and job costing processes.
Mining Operations - Worker Safety Monitoring
Asset tracking systems using IoT employed wearable sensors to provide real-time location data for every worker within the mine. The system was configured to issue alerts when a worker entered a restricted or dangerous zone. In the event of an accident or cave-in, the system quickly pinpointed affected individuals, enabling a swift emergency response. 
Rental Lifecycle Management for Construction Equipment
Real-time IoT-enabled asset tracking ensured precise site assignment for each pump. Usage tracking provided critical data for billing based on actual usage time. Predictive maintenance alerts prevented on-site breakdowns, reducing disputes over equipment failures and ensuring customer satisfaction.
By addressing specific pain points and tailoring solutions to individual industry needs, we continue to drive efficiency, safety, and profitability for our clients. If you are looking for an IoT asset-tracking system that can help you to improve your business, contact us.
Ready to launch your unique product?
Leave us your name and email and we will get back to you within 2 business days