If I save an item in management client, is it possible to access that item properties from a smart client? Is there any examples available?

MIP
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If I understand your question correctly, you might want to see this Sensor Monitor sample, please read this documentation explore the sample -

https://doc.developer.milestonesys.com/html/index.html?base=samples/sensormonitor_sample.html&tree=tree_1.html