Asset tracking is a specific application of telematics using a tracking system to monitor the location and status of physical assets. It involves using location data to know where an asset is, where it has been, and when it is expected to arrive at its destination. While the underlying technology is the same as automatic vehicle location technology used for a vehicle tracking system or in fleet management, asset tracking typically refers to the monitoring of non-vehicular assets, such as shipping containers, tools, medical equipment, and high-value inventory.