RFID is one of the most established asset-tracking technologies. It has been used for a long time. There is no doubt that RFID is a robust technology for asset tracking but there are several other options available that might be a good choice for your organization. That is why in this blog we will give you several reasons for choosing BLE technology over RFID technology. So, without wasting any time let us begin!
What is BLE asset tracking?
Bluetooth low energy (BLE) is one of the technologies used in keeping track of assets. BLE tags have batteries that work efficiently for several years.
BLE provides asset movement in real-time which helps in keeping assets secure from theft and misplacement. BLE tags can be read by any smartphone or any device that supports at least Bluetooth version 4.
According to the Industry Arc, “The global Bluetooth Low Energy Market is estimated to surpass $16.7 billion mark by 2026 growing at an estimated CAGR of more than 19.68% during the forecast period 2021 to 2026.”
Recommend To Read: How Bluetooth Technology (BLE Beacon) Helps in Asset Tracking?
What is RFID asset tracking?
Radio-frequency Identification (RFID) is one of the most frequently used technologies for asset tracking. It automated the process of asset tracking; it is cost-effective. RFID provides valuable data that can include essential information such as asset name, condition, department, and location.
According to Markets and Markets, “The RFID Market is projected to reach USD 35.6 billion by 2030 from USD 14.5 billion in 2022; it is expected to grow at a CAGR of 11.9% from 2022 to 2030.”
If we compare both technologies, we can clearly see that in terms of market & growth BLE is getting an extra edge.
Why should you choose BLE asset tracking over RFID asset tracking for your organization?
Below we have given reasons why you should choose BLE asset tracking over RFID asset tracking:
1. Real-time data
BLE provides real-time information on assets. It means you are always aware of asset location. When you have real-time information then you can make effective business decisions.
Active RFID tags also provide real-time information, but they are very expensive & usual RFID tags can track location.
2. Cost-effective solution
BLE is a cost-effective solution and if you want real-time asset tracking then BLE is the most cost-effective solution.
BLE requires almost no hardware and is effectively coordinated into everyday activities utilizing daily-based technology & devices such as wi-fi, cell phones, computers, etc.
Missed To Read: How to Effectively Track and Audit Your Assets with RFID Tags?
3. Longer reading range
Bluetooth BLE labels likewise have a broadened range than RFID labels, making them more reasonable for tracking inventories & assets in huge stockrooms and other open spaces. BLE sensors have a reading range of around 180 to 220 feet whereas usual RFID has 20 to 30 feet.
4. Utilize mobile for BLE
In order to read BLE beacons, one does not have to purchase special equipment as nowadays all smartphones come with BLE reading technology. However, for RFID tag reading you need special equipment such as an RFID reader or scanner to scan RFID tags. Therefore, BLE saves unnecessary expenses and RFID is expensive.
BLE labels can be utilized to gather information about the asset, how it is utilized, where it is located, and how frequently the asset is utilized. All these questions are answered with BLE real-time asset tracking.
The data a BLE tag gives can be utilized to streamline maintenance plans and work on the overall productivity of an association. BLE tags are usually short-range and data transmission and perfect for asset tracking.
However, RFID is also used widely across the world. We know that every organization has a different requirement for asset tracking and management. Therefore, it depends on your requirement and which technology you need to invest in.
Furthermore, it is essential to invest in automated asset management software that provides a systematic approach to asset management. It is also required along with asset management software, asset tracking technology is used.
Frequently Asked Questions (FAQs)
What are the benefits of asset management software?
The benefits of asset management software are given below:
- Boosting asset productivity
- Increasing return on investment (ROI)
- Decreasing the total cost of ownership
- Optimizing asset life
- Minimizing asset failure chances & increasing asset reliability
- Saving maintenance expenses
- Enhancing asset performance
What are the benefits of RFID asset tracking?
The benefits of RFID asset tracking are given below:
- They can scan multiple tags at a time.
- RFID avoids asset theft & misplacement.
- RFID eliminates the manual process & reduces human error as well.
- Provides data & analytics
- Helpful in making informed business decisions
- Eliminates chances of ghost assets occurrence.
What are the other asset tracking technologies available in the market?
Apart from RFID and BLE, there are several other technologies available in the market such as Barcode, QR (Quick Response) Code, GPS (Global Positioning System), BLE (Bluetooth Low Energy), IoT (Internet of Things), NFC (Near field communication), etc.
What are the use cases of RFID and BLE?
The most common example of RFID can be seen at toll booths where a tag is stickered at the front glass of the vehicle and the booth behaves as a tag reader, they can scan tags, and automatically transaction occurs. It is a time-saving process and pollution does not occur as well. BLE can be used for outdoor and indoor asset tracking. The most common example is aviation as they have a huge area where all assets are located far away from each other. BLE provides real-time location of the asset whether it is moving or not.