Smartlocalization products are used for goods and inventory tracking, position and motion detection, identification and inventory, people and vehicle location, and access and presence monitoring. In common parlance also called asset, vehicle, people trackers. Asset tracking itself refers to the method of tracking physical assets (operating equipment), either by scanning barcode labels attached to the assets, RFID labels, or by using so-called beacons or tags.

The benefits of a smart tracking solution are essentially the reduction of search times, no wrong trips, the correct assignment of assets to orders and vehicles, seamless tracking of valuable cargo, theft protection and the prevention of improper handling or damage. The approach to digitization includes reporting the arrival or departure of the asset and recording the asset's identification, location of observation, time and status. Anyone involved in the tracking and localization of goods or vehicles will sooner or later also have to deal with the selection of suitable navigation technologies and tracking methods.

A tracking system offers companies a range of benefits, from increased supply chain visibility to reducing transportation and production bottlenecks: A strategically developed tracking system plays an essential role in improving efficiency and reducing costs. Increased efficiency can best be achieved by merging the digital and real worlds. Positioning and localization technologies play a particularly important role in this process - especially when it comes to real-time positioning - a so-called Real Time Location Service (RTLS).