Asset tracking is one of the most widely deployed applications for the Internet of Things (IoT). The IoT’s economic impact on factories, retail settings, work sites, offices, and homes could total as much as $6.3 trillion by 2025, according to McKinsey Global. A variety of industries, including home and building, healthcare, agriculture, and food services in addition to the industrial and logistics markets, are investing in smarter technologies to replace siloed legacy systems with automated asset management solutions. Many existing geolocation applications are power hungry and require multiple devices, software and services from multiple vendors, resulting in increased complexity and cost.
As Internet of Things (IoT) customers discover the benefits of LoRa® devices for applications as diverse as water metering, smart lighting or tracking rhinos, there is increasing demand for “location of things” services. Location is a vital component of the IoT that encompasses the ability of things to sense and communicate their geographic position. Location data helps organize, track and account for the billions of Internet-connected devices based on sensors and other location-centric elements in them. The ability to capture location data forms the basis of location-based services, and starts with the physical radio frequency (RF) technologies that interact with the world around them. Several technologies, such as GPS, LoRa and others, are able to provide outdoor location information. However, for precise indoor location where GPS has no tangible reach, and to enable continuous location detection or tracking, indoor positioning systems (IPS) technologies such as Wi-Fi come into play.