Earthquakes, wildfires, floods, tsunamis, hurricanes and tornadoes. When any one of these disasters strikes a community, major chaos and destruction are left in its wake, requiring specific equipment to help those impacted restore power and pick up the pieces to begin rebuilding.

After a year of dealing with the coronavirus (COVID-19) pandemic, some equipment and event rental store owners might see an opportunity to retire or divest of their interest.

As the owner of an event rental company and an early adopter of radio frequency identification (RFID) technology, I truly believe that RFID will be a game changer for the rental industry.

Telematics give rental store owners valuable information about their equipment, including where it is located, how it is being used, when it is due for service and more. While telematics is changing the equipment world, things can get complicated when data is provided in a variety of ways, across multiple platforms.

There are many names for it but telematics, also known as GPS tracking and machine-to-machine (M2M) technology, has come a long way in the past 20 years.