In terms of applications for tracking assets in industrial IoT, comparing NB-IoT with LoRaWAN may refer to many things since both LPWAN technologies deliver nearly the same functionality.
First, NB-IoT employs licensed cellular networks to offer high reliability, enhanced security, and extensive coverage even in densely populated areas with good network infrastructure. Secondly, being operated in the unlicensed frequency range, LoRaWAN becomes more cost-effective and user-friendly when used in private networks.
Hence, choosing either NB-IoT or LoRaWAN technology will depend on specific use cases when one of the two performs better than the other in certain aspects.
However, today, it is possible to apply a much more versatile approach offered by modern vendors and use various LPWAN technologies in one product, like AssetTrackPro.
What for? In industrial IoT, there must be no limitations concerning the technology employed to accomplish certain tasks.