What’s the difference between asset tracking, vehicle tracking, track and trace, positioning and telematics?
All these concepts are often used interchangeably in reality. We’re guilty of it to. Nonetheless, they are slightly different;
- Asset tracking is a term that can be interpreted generally as locating or positioning an object. This object can be anything, but in a professional setting it usually means vehicles, machines, tools, containers, tanks, and so on. To do this, a tracker is attached to the asset to send out location and other data to (most commonly) a cloud. This data can be processed in Asset Management Software to visualize and use it.
- Vehicle tracking on the other hand, applies the same concept but only for vehicles and not machines or tools.
- Track and trace is a term widely used to talk about live tracking, in real-time. This is different from positioning in a sense that positioning (which is used in most IoT trackers) only sends the location occasionally (based on a time interval or a trigger like the start/stop of a movement), depending on how it is configured. You can look at it like this; with track and trace you’ll see the tracker moving on a map fluidly. With positioning, it’ll jump from location to location every time new data gets sent out. And obviously, the former is more expensive than the latter which is why both can be considered depending on the business case.
- And lastly, telematics is a term used for a track and trace system that is installed onto the power source of a vehicle or machine. So this can’t be used for assets that don’t have a power source like tanks, containers or trailers. For Suivo, this would mean our BlackBoxes.