What is Connected Asset Management?
Connected asset management is rapidly emerging as the most significant technological innovation in the industrial equipment industry since the introduction of computerized fleet management systems in the 1970’s. Early connectivity solutions took advantage of Global Positioning Satellite (GPS) technology automatically tracking and mapping the location of their assets. Mastertrak® now introduces the next generation of connected equipment management solutions offering an end-to-system that enables industrial equipment operators to remain constantly connected with their assets. This constant connection allows operators to remotely monitor the utilization and health of every piece of equipment in their fleet. Why is it Important to Your Business? In today’s competitive environment, cost savings and efficiency gains are constant focuses for managers at all levels. Until recently, fleet managers have had limited ability to implement cost savings, due to the lack of real-time access and contro
