By increasing productivity, cutting expenses, and boosting sustainability, the combination of IoT-enabled asset tracking systems with cutting-edge technologies like RFID, GPS, edge computing, and cloud analytics has revolutionized industrial operations. To transform the industrial sector into Industry 6.0, the fundamental technologies that underpin IoT-based asset monitoring and their uses in a range of sectors, including as manufacturing, logistics, healthcare, and energy are used. Using electromagnetic signals, RFID technology automates asset identification. Passive, semi passive and active RFID tags maximize tracking in various operational contexts. By integrating GPS, mobile assets like delivery fleets and large machinery may be tracked in real time, increasing security and decreasing inefficiencies. By processing data locally, edge computing-powered advanced data analytics lowers latency and improves real-time decision-making. With an emphasis on intelligent automation, predictive maintenance, and sustainability, the function of IoT-enabled tracking in Industry 5.0 and 6.0 is important. In manufacturing and fleet management, predictive analytics has reduced unscheduled downtime and operational expenses. IoT tracking optimizes the use of energy and resources, which is in line with the global sustainability goals (SDGs 9, 12, and 13). Future innovations include blockchain-secured supply chains for increased transparency and AI-powered autonomous tracking. The influence of IoT in climate-resilient industries like the automotive, chemical, and textile sectors is illustrated in the chapter’s conclusion, guaranteeing flexible, effective, and sustainable industrial processes.