Learn what is asset tracking. Asset tracking is the act of tagging and tracking physical assets to keep them informed of their whereabouts. Asset tracking is a valuable tool to help businesses monitor and manage their physical assets. It helps to reduce the risk of loss or theft of assets by ensuring that each item is appropriately documented. It also helps companies avoid discrepancies in maintenance fees and taxes. It also cuts down on downtime, which is crucial for companies that rely on timely support.