Link Labs has been named by Utilities Tech Outlook as one of the Top 10 Asset Management Solutions in 2023. We provide our customers with enterprise asset visibility to help them solve the unique problems they face.
When IoT was first introduced, companies were unaware of its amazing abilities and the extent to which it could improve their overall operational efficiency. IoT has further developed over the decades to automate tedious processes, becoming a staple investment for many companies. Location IoT followed a similar path of innovation, starting simply with passive RFID to provide minimal data. Today, other technologies like Bluetooth, UWB, GPS, and more have been incorporated to provide accurate location data more quickly and efficiently.
Utility companies face various challenges leading them to invest in IoT technology to maximize efficiency. The most useful IoT tool has proven to be asset tracking. These companies trust asset tracking solutions like Link Labs’ AirFinder to help streamline their operations by providing full visibility of their processes.
The most important information AirFinder provides for utilities is the location of assets. Knowing the location of meters and other utility equipment helps companies ensure they utilize their assets to their fullest extent. Lost meters or equipment wastes time and money by necessitating long searches or even replacements. Our solution also provides visibility of the meters and equipment when they leave the facility. We helped a major utility company reduce lost gas caused by miscommunication by providing this form of off-site monitoring. Managers were able to start billing customers once the meter arrived at their house instead of waiting up to two weeks to confirm that a meter was installed.
AirFinder is an IT-independent solution providing users with seamless indoor and outdoor location tracking capabilities. Our asset tracking solution facilitates accurate inventory management, eliminating the need for manual record-keeping and reducing errors. Companies can track the movement of spare parts and consumables, ensuring optimal stock levels and reducing inventory carrying costs. This ensures that the right parts are available when needed, which minimizes downtime and improves response times. Asset visibility also eliminates asset loss, theft, and misplacement. This technology equips companies to immediately detect any unauthorized movement or deviation from predefined boundaries, triggering timely alerts and enabling swift action to recover or secure the assets.
Having an efficient asset management strategy is essential to utility companies. Utility companies can optimize maintenance planning and asset lifecycle management with asset tracking. Real-time tracking and data analytics empower companies to monitor asset performance, predict maintenance needs, and schedule proactive maintenance activities accordingly. By identifying potential issues before they escalate into failures, companies significantly reduce downtime and extend the lifespan of their assets. This proactive approach improves asset reliability and optimizes maintenance costs by minimizing reactive repairs and breakdowns.
Learn more about how we use technology to track assets in this article.
To hear about how we helped a utility company improve their operations, download this case study.
Book a demo with our team to discuss how we can help you maximize efficiency, reduce loss, and more!
About Link Labs
Link Labs provides the industry’s most complete, end-to-end IoT platform for tagging, locating and monitoring equipment, supplies and assets. Its flagship product, AirFinder, helps companies in nearly every industry locate, monitor and manage business assets anywhere at any time – indoor, outdoor and everywhere in-between. Founded in 2014 by a group of engineers from the Johns Hopkins University Applied Physics Lab, Link Labs today is trusted by top global enterprises for their essential IoT solutions and has deployed hundreds of thousands of IoT devices, managing billions of IoT events each month. Link Labs is based in Annapolis, Md. and holds more than 20 patents on its technological innovations. For more information, visit https://www.link-labs.com/ and follow on Twitter @LinkLabsInc.
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