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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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iot
internet of things
Asset Management
importance of IOT for Business
asset tracking software
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nxious about your parcel being delivered? Waiting for your Amazon Package and Tracking its Arrival Position? Impatient for your package to arrive? This anxiousness and impatience normally happen with everyone, when your ordered stuff is on its way of arrival. Technology has made everything easy and sorted. However, just a few years back, we were only able to get notified through SMS.
Why an Inventory Management Software Is Beneficial for Organizations? - Asset Infinity
The oil & gas industry is one of the top industries in the world. According to the Trendrr blog, there are 5 organizations belonging to the oil & gas industry are mentioned in the list of top 10 largest industries of the world, in terms of generating revenue.
The manufacturing industry is one of the biggest industries across the world. However, the manufacturing industry has several challenges. Asset Management Software provides complete information on all the assets, where their exact locations are and in what working conditions.
The use of Fixed Asset Tracking software would help a lot to tackle the greedy situations of the competitors. Asset tracking is to track down your fixed assets, using several techniques and methods including barcode, RFID, NFC tags, etc.
How Inventory management and asset management differ as both are used in one place of another because their meaning is the same. Here is the different examples for both.
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Asset Infinity

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It is crucial to analyze how your organization utilizes depreciation. It can be regarded as an important part of the expenses on a company's income statement. The main objective is to maintain accurate bookkeeping records & saving expenses. However, calculating depreciation can be a hectic task.
Basics of Inventory Management and Why It Is Important [Infographic] - Asset Infinity
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