Chances are that you may have heard of the Internet of Things (IoT). However, many of you may not know what it actually is. IoT is used to denote the billions of physical devices all over the world which are connected to the internet at this moment, with each one of them collecting as well as sharing data. IoT technology has proved beneficial for a lot of sectors like agriculture, manufacturing, transportation, etc. IoT-enabled technology can help achieve different objectives for various asset-intensive organisations. It can help in decreasing maintenance costs, managing productivity, enhancing the reputation of the organisation, and earning high returns on investment. Asset management is the systematic approach to manage a device or asset to balance as well as enhance productivity that too with low maintenance. Read on to know more about how IoT in asset management can prove to be quite beneficial: Reduces Human Involvement IoT enabled asset management makes the use of sensors. This