Location based Asset Management solutions are crucial for helping businesses worldwide to manage their assets as efficiently as possible. A large variety of use cases span from asset location, asset traceability, geo-fencing, and asset recovery, to loss and theft prevention. Although there exists a high demand for geolocation asset management solutions, current products often fail to fully satisfy customers’ requirements and expectations.
Asset tracking is one of the most promising applications for the Internet of Things (IoT). A variety of industries, such as transportation, logistics, healthcare, and food services, are investing in smarter technologies to replace siloed legacy systems with automated asset management solutions.
Semtech has introduced the first product in its new LoRa Edge™ platform – a highly versatile and low power software defined LoRa®-based platform that will enable a wide portfolio of applications for indoor and outdoor asset management. The first product of the platform, the LoRa Edge™ multi-technology asset management platform (LR1110), is a game-changing geolocation solution that significantly reduces the cost and complexity of locating and monitoring Internet of Things (IoT) assets in a secure environment.