All You Need to Know About GPS Asset Tracking System Development

GPS technology has now become a familiar tool used in many industries. But not everyone knows the full potential of this technology. Based on our expertise, we decided to talk about all the possibilities of GPS, and how to increase the efficiency of its use.

What Is a GPS Asset Tracking System?

GPS (Global Positioning System) is a system that relies on a network of satellites that orbit the earth to locate a person. Initially, the technology was developed for military purposes, and later it was adapted to business needs.

GPS asset tracking is a fundamental aspect of increasing the profitability of a business. In addition to obtaining an up-to-date status, this can also be a guarantee of their safety. A turnkey tracking solution with all the capabilities of GPS is the best option for business.

Read also: Logistics App Development: How to Create an Application for Your Transportation Business

5 Reasons Why You Need GPS Asset Tracking Software

Using GPS to manage assets is a great solution for getting a complete picture of a warehouse and its capabilities. It will also allow for faster processing of requests and reduced downtime. In addition, there are a number of advantages to implementing such technology.

1. Eliminate manual reporting: in addition to more impressive time costs, here you can also encounter a human factor.
2. Up-to-date information about the state and location of the transport: the GPS tracker will always keep you informed.
3. Car diagnostics: in addition to automatic monitoring, you can get information about problems immediately.
4. Accelerate ELD/Work Hours Calculation: This can help improve driver productivity.
5. More than data collection: information is collected automatically and takes into account even those aspects that may sometimes be overlooked.

The Benefits of GPS Asset Tracking System

The use of GPS technology can bring many benefits to the owner. Let’s take a look at the main benefits.

1. Reduced fuel costs

High fuel costs are a critical issue. There are several options to reduce such costs, in particular, a system for notifying the driver of the need to turn off the engine after idle time. There is also tracking of fuel purchase places and routes.

2. Reducing risk and liability

You always have information about the work of each driver and can analyze it. You can also provide speed limits, notifications about the violation of which will come to you as notifications.

3. Increasing the responsibility of the driver

The task of such monitoring is not only to eliminate unscrupulous drivers from the state but also to reward the most hardworking. It also helps to track statistics and generate reports.

4. Improve Back Office Efficiency

Most vehicle monitoring providers have robust APIs that integrate well with other business platforms. So you can get a complete picture of the state of the business.

5. Improve customer satisfaction

GPS-tracking of the fleet allows you to always keep the client up to date on the state of affairs. It also allows you to manage expectations and retain customers.

How Does a GPS Asset Tracking System Work?

So, how does GPS tracking work? GPS trackers use a process called trilateration to connect to satellites and get up-to-date location information. The data is provided with definitions of latitude, longitude, altitude, and time.

The tracker is connected to the onboard diagnostics (OBD-II), accessory sockets, cigarette lighters, or internal batteries. Then, through the software, all collected information is transferred to the account administrator.

There are trackers that transmit information in real-time, they connect to a managed service. Passive trackers simply collect information, and readings should be taken later with a certain frequency.

Read also: How to Track Your Customer Behavior Through a Mobile App

Core Features of GPS Asset Tracking Platforms

Location GPS tracking can have a large number of features enabled. Each business chooses what is relevant to it, but there is a list of the main features that all trackers have.

Build your own GPS navigation system, using these features:

• Mapping in real time for a clear understanding of the location of transport.
• Timely notification of vehicle maintenance.
• Constant communication with drivers to optimize processes.
• Loading landmarks and geofences, for a clearer notification system.
• Ability to track PTO events with alerts.
• Mobile fleet tracking for use on various devices.
• Automatic reporting and collection of analytics based on your requirements.
• Built-in field service management tool for the entire fleet.
• Continuous technical support of the system and automatic diagnostics for errors.

Outstanding Examples Of GPS Tracking

Today, there are a large number of GPS systems on the market that are suitable for different areas and tasks. Some have performed well in personal vehicles, others are suitable only for business. Consider three examples of GPS trackers for cars.

1. Americaloc GL300W Mini — is considered one of the most reliable. Real-time tracking, year-long history, reliable battery, convenient mounting and a wide range of settings make it the best choice.

2. Optimus 2.0 is a tracker that works reliably on Android and iOS. After uploading new data, the tracker notifies you of the update.

3. Linxup OBD is a budget model with good functionality. Easily mates with the car’s OBD port has access to Google maps, as well as an alert system in any way you like.

How Much Does It Cost To Make a GPS Asset Tracking System?

The cost of developing any project always depends on a number of factors: the format of cooperation, complexity, geography, and the level of specialists involved. We recommend that you always start development by creating an MVP, which is easier and cheaper to test and understand what should be added or removed in the product.

In order for your application to be competitive and efficient, you should always start with market analysis and only then move on to implementation. The cost of building GPS tracker with the functionality of medium complexity can reach $50–80 thousand.

Our Case Study of Asset Tracking & Monitoring Software Development

So, why should you choose TopDevs developing GPS Tracking products? Yes, we have developed GoG is a solution that collects data about end customers of various businesses: their habits, location, mobility, tastes.

All this happens on the basis of GPS tracking. This helps predict user behavior and customer needs, resulting in increased sales and increased customer loyalty.

You can read more about the case here.

Final Thoughts

The use of a GPS tracking system helps to clearly understand the condition and where the transport is located. In addition to customer guarantees, you can also optimize costs and work processes.

In addition, you can increase the safety of your fleet by diagnosing and resolving traffic problems in a timely manner. You will also be able to clearly understand your expense items, thanks to the automatic generation of reports.