Asset Tracking vs. People Positioning

Asset tracking locates physical objects while people positioning locates people. Know what to look for in each solution and how each solution drives different benefits.


Defining Asset Tracking and People Positioning

Asset tracking is defined as the method of identifying and locating physical assets. Physical assets are typically computers, vehicles, tools, and equipment. 

Asset tracking is a tool to keep track of inventory, however, it differs from inventory because assets are typically used internally and not for sale. Companies utilize asset tracking to understand asset utilization, becoming aware of which assets add value and what upgrades are needed to extend asset lifecycles.

People positioning is defined as the method of analyzing the location and movement of people over time. Your employees are your most high-value assets, but people positioning is fundamentally different from asset tracking. In asset tracking, locating things is as simple as recording a location on a shelf. People cannot be treated as objects. People are inherently dynamic, making “last known location” an insufficient tracking measure.

When it comes to your workforce, the most valuable information comes from movement. As people enter and exit the workspace or move within it, they create continuous points of location data. People positioning utilizes both live and historical location data to reveal insights into workforce optimization, labor costs, and safety.

Asset Tracking vs. People Tracking-1

Use Cases and Benefits

Asset tracking and people positioning may appear to serve overlapping use cases, but the two solutions are separate and drive different fundamental benefits.

Asset Tracking Benefits
  • Improve inventory availability and asset utilization
  • Retain accurate information of asset conditions for regulatory compliance
  • Reduce search time and increase accountability for asset use
  • Schedule maintenance of assets to increase lifecycle
  • Deter theft and misuse of high-value assets
People Positioning Benefits
  • Understand true labor costs for accurate P&L reporting and pricing
  • Improve workflow with heatmaps and bottleneck identification
  • Automatically record attendance, breaks and hours for billing
  • Identify who is on-site during an emergency
  • Forecast labor needs and incentivize most productive workers

The goal of asset tracking is to achieve greater security and higher utilization of tools and physical equipment. Employees reduce inefficient time while locating equipment and extend the life of assets by tracking maintenance. 

People positioning use cases focus on driving cost savings through productivity and safety. Employees are your high-value assets being analyzed. Accurate profit and loss tracking accurately capture labor cost per SKU to optimize pricing, prioritize high-margin SKUs or eliminate unprofitable ones. Automated attendance and safety alerts eliminate manual processes to drive efficiency without additional oversight.

People Positioning Cost Analysis Outcome

When matched to production data (i.e. job # or yield), companies can have unprecedented visibility into actual productivity and labor cost and allocation. 

Volan Technology's people positioning labor analytics uncovered an average 71% difference in standard vs. true production cost in Fortune 500 client.

Tracking Technology and Processes

Asset tracking technologies and processes vary significantly in complexity and use case as determined by needs for asset mobility, location accuracy, and tracking frequency. Larger physical assets with simpler needs for location accuracy may be tracked using barcodes or RFID tags. Employees scan these items to access maintenance records or record location information.

Mobile assets require frequent data transmission through satellites or network technologies such as Wi-Fi, GPS, or Bluetooth. Each positioning technology varies in reliability, accuracy, ease of installation, and overhead cost.

People positioning technologies have much higher requirements for accuracy, reliability, and privacy. The application of people positioning can be built from a number of different real-time positioning technologies. Real-time location systems stem from networking technologies such as Bluetooth Low Energy (BLE), Ultra-Wideband (UWB), RFID, and Wi-Fi. People positioning software may also include the use of machine learning and advanced analytics. 

Asset tracking software often fails to translate into people positioning applications because it isn’t built with big data processing in mind. People positioning software needs to be nuanced in recognizing user privacy while accurately quantifying productivity metrics. When layered with advanced analytics and AI, the huge volumes of movement data gathered from people positioning technologies unlock unrealized value.

Finding the right technology platform with robust analytics is critical for revealing valuable insights to optimize operational efficiencies. With the rapid advancement of location technologies, tracking solutions are now highly accessible and easy to deploy.

For a more comprehensive comparison of location technologies, refer to our blog post

Why implement separate asset tracking and people positioning systems?

People are your most high-value assets, but are also the most complex to analyze and understand. Current asset tracking solutions on the market are not purpose-built with people in mind. While objects stay on the shelf until needed, people are mobile and complex. Finding the right solution built on the best technology platform is key to accurate reporting.

Imagine, during an emergency evacuation you need to know who is in the work site and at risk. Locating people by scanning in barcodes or recording last known location is an insufficient safety measure for mustering and evacuation. Real-time location is necessary to identify your employees that are at highest risk and communicate with them. Accurate historical location data is used in safety performance review, removing bottlenecks to improve response times in the future.

Bluetooth Low Energy is recognized as highly dependable, accurate, and quick to deploy. Volan Technology’s credit card sized badges are unobtrusive and compact while providing real-time location data with accuracy within a meter.

Conclusion

Asset tracking and people positioning are similar in that they are focused on gathering location data to improve operations. The difference lies in the technology requirements and benefits for each use case. Asset tracking simply concerns the last known location and condition of physical assets, whereas people positioning uses real-time data to analyze productivity and identify cost savings.

If you would like more information about implementing people positioning software, contact us and one of our experts will discuss with you how different solutions can be tailored to your needs.

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