Telematics: Tracking More Than Just Assets
If you are using telematics for simply tracking assets, you may not be getting the most you can out of your investment. Telematics data can also be used to identify costly vehicles, reduce accidents and ease regulatory compliance. In a recent article published by Work Truck Magazine: “Truck Telematics: Beyond Asset Tracking,” Tony Candeloro, senior vice president of technology & operations, provides insight on how companies can use telematics and predictive analytics to better manage vehicles, drivers and their overall budget and bottom line.
Companies either should be using or considering adopting a predictive analytics tool to interpret incoming telematics data. “At the end of the day, telematics solutions without data analytics to assist in trending, predicting and engaging will result in outcomes that have very minimal impact on how a fleet operates,” said Candeloro. Companies can also use these tools to monitor vehicle wear-and-tear, fuel inefficiencies and scheduled maintenance needs.
Experts agree that the safety of a fleet is largely dependent on driver performance. Companies should also be using telematics to monitor driver behavior and use the data to bolster their accident management program. Beyond accident reduction efforts, real-time driver behavior data can play a crucial role in providing automated and timely training to drivers. This approach to driver safety is proven not only to reduce accident counts but also to increase the driver’s awareness of the rules and regulations of the road. Telematics also allows greater connectivity between drivers and dispatchers.
Feet management is a culmination of moving parts, so it’s vital for fleet data to be centralized and maintained properly for compliance. Telematics allows for easier reporting to federal and state authorities on hours-of-service (HOS) and electronic logging device (ELD) mandates as well as daily vehicle inspection reports (DVIR).
Telematics software can improve a fleet’s performance by automatically sending crucial information such as GPS location, odometer readings, and vehicle alerts related to fleet maintenance in order to keep asset and driver information up to date. It can also help manage your drivers and compliance. Getting started sooner rather than later is important, however, because implementing a telematics solution can take anywhere from three to six months.