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Today, there are more than 20 billion existing IoT users which will increase to more than 41 billion users in 2025. If we speak about IoT for the business purpose, according to Statista, “The global market for the Internet of things (IoT) end-user solutions is expected to grow to 230 billion U.S. dollars in size by the end.

Source: https://www.assetinfinity.com/blog/iot-useful-in-your-business-for-asset-man...

How is IoT Useful in Your Business for Asset Management? - Asset Infinity

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During the evaluation of different technologies for your business to run, you came up with various descriptions of hosted or cloud-based platforms like asset management software.SaaS and Cloud computing differences in asset management.
Inventory Optimization: What Are the Best Practices to Follow? - Asset Infinity
Asset tracking management software is very helpful for CMMS to make operations easier and more efficient. It makes management that much extra proficient and powerful. CMMS also spells savings for a company. Overall, CMMS enables the management team to make smart decisions on the back of efficient operations and cost-saving on assets.
When technology started growing, all businesses used Excel sheets and accounting software to manage their tasks. These programs were not designed specifically for asset management because technology at that time had just started to develop. asset management software today provides peace to the mind and it is cost-effective too comparing to older methods like spreadsheets.
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SaaS (Software as a Service) Management is a tool be designed from ground level to be instant, installation free, quick, easy, pleasant to use, and will provide the most useful and actionable information to assist software management teams to achieve their results.
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Asset management is a systematic process that involves deployment, operations, maintenance, upgrading, and disposal of assets in a cost-effective manner. The asset is counted as a resource owned or controlled by an organization that has an economic value, it is expected that the asset will provide benefits in the future.
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In the IT industry, asset tracking refers to the process of tracking physical assets by scanning labels or tags attached to the assets by using different technologies like barcode, RFID asset tracking system, NFC tracking, geo-tagging, etc.
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