Remote Asset Detection via OBD and GPS Tracking
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Solution Overview
Problem
Manual collateral verification and floor plan audits for asset management are prone to human error and fraud, leading to negative client experiences and significant financial losses, as they require physical visits and are invasive.
Innovation Solution
A remote asset detection system utilizing on-board diagnostic (OBD) tools with tamper-proof hardware, GPS, and a rules-based alert system for continuous, real-time verification of vehicle location and status, enabling secure and accurate monitoring without physical presence.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual physical audits are conducted to verify asset location, then verification can be performed, but human error and fraud increase along with invasive client experience
Solution Approach 1:
The patent replaces manual physical audits with an automated electronic system. OBD tools connect to vehicle diagnostic ports to automatically retrieve location data, and GPS trackers provide continuous location monitoring. This substitution of mechanical/manual processes with electronic and automated systems eliminates human error and fraud while maintaining verification accuracy.
Solution Approach 2:
The system creates digital copies of asset location information through OBD tools that read diagnostic data and GPS trackers that continuously monitor position. These digital copies are transmitted to a remote server for verification, eliminating the need for physical presence and reducing human error associated with manual verification.
2Reliability
If manual physical audits are conducted to verify asset location, then verification can be performed, but client experience deteriorates due to invasive process
Solution Approach 1:
The patent introduces OBD tools and GPS trackers as intermediaries between the verification system and the assets. These intermediaries automatically collect and transmit location data, eliminating the need for manual physical audits and invasive client interactions while maintaining verification capability.
Solution Approach 2:
The system enables self-service verification where the OBD tools and GPS trackers automatically perform location monitoring and data transmission without human intervention. This eliminates invasive physical audits and improves client experience while maintaining reliable verification.
3Reliability
If manual audits are performed periodically, then verification is conducted, but time consumption and labor requirements increase
Solution Approach 1:
The patent implements continuous verification through GPS trackers that continuously monitor asset location and OBD tools that continuously transmit diagnostic data. This continuous action eliminates the need for periodic manual audits, reducing time consumption and labor requirements while maintaining reliable verification.
Solution Approach 2:
The system replaces time-consuming manual audit processes with automated electronic data collection and transmission. OBD tools automatically read diagnostic information and GPS trackers continuously monitor position, eliminating the need for manual physical presence and reducing overall verification time.
4Productivity
If remote monitoring systems are implemented, then continuous verification is achieved, but device complexity increases
Solution Approach 1:
The patent employs OBD tools that serve multiple functions: they connect to vehicle diagnostic ports, retrieve location data, communicate with remote servers, and provide continuous monitoring. This multi-functionality reduces the need for separate dedicated devices, thereby limiting the increase in system complexity while achieving continuous verification.
Solution Approach 2:
The system uses OBD tools and GPS trackers as intermediary devices that simplify the remote monitoring process. These intermediaries handle data collection, transmission, and continuous monitoring functions, making the overall system more manageable despite the added complexity of remote verification capabilities.
Data Source
AI summary
Systems and methods for remote asset verification are disclosed. The systems and methods comprise an asset and an on-board diagnostic tool configured to be coupled to an on-board diagnostic port of the asset. The on-board diagnostic tool is configured to monitor one or more parameters of the asset.