The Internet of Things is connecting vehicles and drivers like never before, transforming the industry in a way never thought possible before.
Here are the 5 main benefits IoT has brought to Fleet Management:
Greater Visibility: Previously, it was not possible for fleet management providers to find out if drivers were making unnecessary stops on their routes, or whether they were driving recklessly, or wasting fuel and so on. However, thanks to IoT in fleet management, the company can now closely monitor the activities of drivers from a remote location, and get an insight into their behavior and also into the performance of their vehicles. By knowing where the drivers and vehicles are at any given time, the organization is able to recognize potential problems and take corrective action before they become huge problems that threaten driver safety, ruin client experiences and affect revenues.
Improved Deployment: With IoT, fleet management providers are able to know the weather, traffic, and road conditions at a particular location and time. This helps them to allocate and deploy their resources – drivers and vehicles – much more efficiently. This way you can ensure timely deliveries, resulting in happier customers and better revenues. IoT sensor devices can be configured to collect air and road temperatures, wind speed, humidity and more. This helps the management determine how many vehicles, and which vehicles to deploy, as well as the best routes to take.
Undertake Preventive Maintenance: IoT remote monitoring helps you in taking care of your vehicles in a much better manner. You can set alerts for service requirements like inspection reminders, low battery, coolant temperature, check engine, tyre pressure, brake pad wear and tear, and so on. You can conduct preventive maintenance to keep your fleet in top condition, and keep them running safely, without incurring delays and sudden expenses because of breakdowns.
Leverage huge amounts of data: Fleets churn out tremendous amount of information with regard to fuel consumption, tracking speed, miles traveled, utilization of vehicles and so on. Previously, this information was collected manually – giving rise to errors, and lags: there was a time gap between the problem happening, it being noticed, and when corrective action could be taken. However, today, real-time data collection has been made possible by IoT monitoring tools. Fleet managers have access to real time data, can analyze it, AND act on it quickly.
Optimize Costs: In any business, you want to reduce costs, and fleet management is no different. When all devices, drivers and vehicles are connected, fleet managers are able to understand clearly how and where their money is used. They can then identify where money is being wasted, and work towards preventing such incidents. Lower costs translates to better revenues.
IoT is the way forward not just for fleet management, but for almost all business. Organizations who embrace the technology now, will have an edge over their competition for sure. Also read about in-transit cargo protection. Are you looking for IoT solution integrators for your business? Give us a call on +91 928 720 1826 now!