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Towards Futuristic Fleet Management with the Foundation of Telematics

By ESOutlook | Friday, June 21, 2019

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Telematics technology can enhance many aspects of fleet activities, including safety and reliability. Industries demand collaborative, viable connected vehicular solutions to bag higher ROI.

FREMONT, CA: Technology is transforming the logistics and supply chain sector at an alarming pace enabling players to catch up with the latest tech developments. Small disruptors, however, exist in pockets around the globe, generating exciting innovations that could accelerate the industry's digitization and almost overnight capture the market.

To obtain increased usage and Return on Investment (ROI), fleet executives across all areas have begun shifting focus from natural car surveillance to a more sophisticated and all-inclusive fleet management service that brings drivers, cars and the entire logistics network into a single equation in real time. The key is to transform data into useful information in real time, as this will assist regulate TCO and add value to fleet operators in B2B. Service packages covering tire management, routing or fuel management, driver behavior, and integration options offer the opportunity to extract more value through improved uptime and cost reduction.

Driver behavior management is now a significant area for fleet owners to streamline operating costs by avoiding expenses associated with accidents. The video-based security solution is another exciting offering with active integration opportunities for mainstream Fleet Management Services (FMS) due to high demand and high use cases among big fleet operators. Currently, forward and driver tracking are main alternatives that attribute to driver safety and behavior management; it is anticipated that a 360-degree surveillance solution will achieve prominence.

Very quickly, one-stop solution suppliers will be connected to truck telematics service providers. They will combine all those engaged in the carriage of goods–drivers, carriers, shippers, fleet operators, retailers, service stations, insurance firms, and others. Everyone involved in the logistics network will obtain and process information in real time— from the truck condition, products transported, traffic, weather conditions, parking accessibility, to resting fields, and more.

Transforming car and driver information into business value needs businesses to think beyond technology. It calls for new capacities, changes in the organization, and a continuous concentration on leadership.

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