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 Highbar Technocrat unveiled its new offering in the form of optimised IoT (Internet of Things) solution for construction asset management (CAM). Since the construction industry involves the usage of 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 comes as a daunting task for most industry players. The solution addresses key business challenges of the construction industry concerning asset tracking management including-: Inflated reporting of working hours and distance (Km)Lack of real-time movement tracking Absence of historical data related to movementFuel pilferagesUnknown driving behaviourNo knowledge of equipment movement outside the construction site premisesWorkplace safety Highbar’s IoT solution features real-time tracking of construction equipment including fuel consumption, end-to-end historical data and much more, for improved utilisation and health tracking of expensive equipment. â€˜â€™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. The solution enables the construction and infrastructure industry to not only save significantly on their operational expenditures but also leverage a competitive advantage with enhanced productivity, workforce safety and business agility,’â€� said Ashok Wani â€� Head Innovation and Technology, Highbar Technocrat. The key features of Highbar Technocrat’s IoT solution include-: Real-time location and other performance parameter trackingGeofencing- defining specific vehicle travel zoneReplay vehicle location historyTrip management and reportsCentralised cloud storageAlerts and notifications for over speeding and violating geo-fencing. Mobile APP accessSD card for offline data storagePower backup provisionOptional Wifi and Bluetooth connectionEmpower the operations team with time-series data to establish standards, norms and benchmarks Location-based remote monitoring systems also enable construction players 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.