Rising Importance of Geolocation & Robust Business Utilization of Geospatial Data Spurs Demand for Real-Time Location System Solutions
Robust business utilization of geospatial data in industries such as automotive and healthcare is poised to drive the global market for Real-Time Location System (RTLS) Solutions to reach US$6.3 billion by 2022 . As a key strategy that helps organizations improve their operational efficiency, asset management is increasingly gaining prominence in the modern business world. While efficient management of organization assets, including human resources, and physical assets like capital equipment, raw material or finished goods ensures that businesses are always up and ready for day-to-day operational challenges, poor handling of the same can temporarily or permanently disrupt business operations. As a first step towards ensuring efficient asset management and utilization, identifying the location of human resources and physical assets assumes profound importance. The ability to know where human or physical assets are located at any given point in time can provide an important effici...