Quantifying the Hidden Cost of Asset Invisibility

This report quantifies the operational costs associated with asset theft and loss in asset-heavy industries, based on a survey of over 1,500 financial executives from mid-size organizations. The findings indicate that organizations without asset tracking solutions face significantly higher financial risks, including project delays and penalties, with a reported average loss of $13.2 million annually due to missing assets valued under $10,000. The report details that these organizations are 70% more likely to experience a seven-figure financial impact compared to those utilizing asset tracking technologies. Key benefits of implementing asset tracking include reduced project shutdowns, quicker asset recovery, and lower insurance premiums, with nearly all respondents reporting positive operational impacts. The survey was conducted by Wakefield Research and commissioned by Samsara, providing insights into the importance of asset visibility and management in mitigating financial losses.