What is an Asset

An asset is any leased or owned resource whose availability at the right time and place is important for your business operations and profitability. Use Oracle IoT Asset Monitoring Cloud Service to manage both your indoor and outdoor assets.

Here are a few typical examples of assets used in:

• Facilities: HVAC systems, forklifts, office equipment such as copiers, high value machinery.

• Manufacturing: Lathes, boilers, extruders, milling, drilling, and shaping machines.

• Hospitals: Patient beds, ultrasound machines, medicine storage, blood infusion pumps.

• Mining: Excavators, loaders, dumpers, drag lines, shovels, rigs, generators.

You can associate multiple sensors with an asset. The sensor types or device models are defined in the asset type for the asset. An HVAC asset, for example, may include sensors for GPS coordinates, temperature, vibration, and oil viscosity.

Indoor assets typically use Bluetooth and RFID based sensors for tracking locations. Outdoor assets typically use GPS-based sensors. Additional external and internal sensors for your assets help you monitor the various asset parameters.