Internet of Things-based On-demand Rental Asset Tracking and Monitoring System

The Internet of things (IoT) technology can track and monitor an asset in the outdoor and indoor environment. This empowers businesses and end-users with the information and opportunity to run their operations efficiently and make educated decisions, respectively. In this paper, we examine the IoT-based rental asset tracking and monitoring system to develop innovative and flexible IoT devices for better management of asset infrastructure. We study different wireless technologies for monitoring the physical location of rental items. These technologies include WiFi, Bluetooth, GSM cellular, and LoRa. We propose an architecture of on-demand asset tracking and monitoring. We then present a case study to support the idea presented in the architecture, including the development of IoT devices, integration with the existing infrastructure of potential business, and field deployment for rental management assets. First, we develop IoT devices tailored for tracking rental items, so business owners can on-demand track their rental items' physical location. The goal is to maximize connectivity distance and minimize energy consumption while considering constraints on the tracking system's cost and size. Finally, we study feasibility by deploying the proposed solution to address rental asset management challenges and study feasibility while ensuring the scalability and quality-of-service (QoS) in terms of delay and reliability.