End-to-end IT solutions provider for infrastructure and construction industries, Highbar Technocrat Ltd has unveiled an optimised Internet of Things (IoT)-based solution for construction asset management. Since the construction industry handles a wide variety of equipment, ranging from colossal engineering vehicles to portable drills and other building equipment, keeping a track of asset utilisation and performance across construction sites is often a major concern with most industry players. The solution addresses key business challenges concerning asset tracking management including inflated reporting of working hours and distance, lack of real-time movement tracking, absence of historical data related to movement, fuel pilferages, unknown driving behaviour, no knowledge of equipment movement outside the construction site and workplace safety.
“The avant-garde, robust IoT solution has been tailored, considering real case scenarios in the construction industry when it comes to evaluating the health and implementation status of equipment to make pre-emptive course corrections,” said Ashok Wani, Head Innovation & Technology, Highbar Technocrat.
Highbar’s IoT solution features real-time tracking of construction equipment including fuel consumption and end-to-end historical data for improved utilisation and monitoring of expensive machinery.
The solution’s key features include real-time location and other performance parameter tracking, geofencing to define specific vehicle travel zone, replay of vehicle location history, trip management and reports, centralised cloud storage, alerts and notifications for over speeding, breach of geofencing, etc., mobile app access, SD card for offline data storage, provision of power backup, optional WiFi and Bluetooth connection and empowering the operations team with time-series data to establish standards, norms and benchmarks.
Location-based remote monitoring systems also enable users to manage asset movement in real-time and reassign them to nearby sites, lowering transportation costs and enhancing the efficiency of revenue-generating assets. Ensuring a geofence around a group of compressors and other expensive equipment prone to theft also creates an automated recovery mechanism to retrieve stolen assets or when equipment is sent to the wrong locations.