Demand for fleet telematics remains strong
Ever since telematics emerged as a fleet management tool, the scope of how this technology can supercharge a fleet’s ability to reduce company costs and increase efficiencies continues to expand.
ARI’s Lou Vella, manager of client information systems (CIS) telematics, talks with Supply Professional about Connected telematics and the sustained fleet interest in capturing – and acting – on data. The technology keeps getting better, and the up-front costs are going down.
Vella says in the article, “It’s not just about curtailing idling and a few of the operational improvements. It’s also extended itself greatly on driver safety and some potentially significant operational improvements where its benefits go straight to the bottom line…”
In that regard, fleets are experiencing a positive ROI as they’re expanding telematics to additional business applications, including driver safety, scheduling, and route optimization. They are seeing the results in their improved delivery times, driver productivity, more effective dispatching, and improved customer service levels.
Additional benefits include hours of service (HOS) compliance and fleet right-sizing based on analysis of vehicle utilization data. Also, the combination of artificial intelligence (AI) and video can help reduce distracted driving by alerting a fleet manager that a particular driver needs further safe driving training.
According to research and consulting firm Frost & Sullivan, by 2025, 65 million vehicles will have telematics technology embedded by the auto manufacturer. Fleets are already seeing early value in this. For example, they can track a vehicle’s delivery status from the moment the vehicle leaves the production line.
At the same time, tech companies continue to expand application of 5G connections in vehicles. This advanced technology will support vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, which will thereby lead to autonomous driving.
ARI Vice President of CIS Don Woods explains: “5G is what you think as a platform when you envision a future where vehicles are talking to each other, talking to the roads, talking to the stop lights – those things which enable more autonomous and more safety features to come out.”