Asset tracking refers to the method of tracking physical assets, either by scanning barcode labels attached to the assets or by using tags using GPS, BLE or RFID which broadcast their location. Tracking company assets provides invaluable information about asset usage (who is using what, where and when), maintenance and calibration schedules, and need for new equipment. The data collected via asset tracking can be used to support decision making, prevent losses, and maximize asset utilization rates. With AI and IOT integration this is a digital transformation solution.