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Benefits of telematics for fleet management
In this comprehensive guide, we look at the benefits of telematics for fleet operators and explore how telematics is shaping the future of fleet management, for both for commercial fleet operations, and SMEs running a handful of vehicles as they deliver their services.
Reduce operating costs for fleets
When it comes to the benefits of telematics, the ability to manage and reduce costs is a big driver for the adoption of vehicle tracking, asset tracking and vehicle camera systems.
Improve fuel consumption efficiency
By leveraging telematics technology, fleet managers can monitor and analyse fuel costs in real-time, identify inefficient driving habits (which lead to poor fuel consumption), and optimise routes to maximise fuel efficiency. Integration to fuel card data offers a detailed view on fuel costs and aids better fuel management.
Reduce vehicle wear and tear
With a telematics system, fleet operators can monitor vehicle usage, understand maintenance needs, and monitor driver behaviour in real-time, reducing habits such as harsh braking, which can cause damage. This proactive approach to driver safety reduces vehicle maintenance costs, improve the lifespan of each fleet vehicle, and keep them on the road and out of the garage.
Reduce risk profile and insurance premiums
Implementing fleet management solutions can significantly reduce the risk profile of a fleet operation, leading to lower insurance premiums. Monitoring driver behaviour, such as speeding, harsh braking, and adherence to safe driving practices, fleet managers can proactively address risky behaviours. Insurance companies may offer reduced premiums to fleet operators who demonstrate a commitment to safe driving practices through telematics data analysis, and the presence of vehicle cameras, resulting in cost savings and improved operational efficiency.
Increase fleet efficiency
Maximising driver and vehicle performance and efficiency is made easy with telematics solutions in place, allowing fleet operators to view their whole operation with ease.
Enhanced visibility
Using fleet tracking telematics software, fleet operators gain access to vehicle location data and driver performance information at all hours of the day. By staying connected to their vehicles and assets, fleet managers and business owners alike can make informed operation decisions.
Better route planning
Fleet telematics enables real-time tracking and analysis of vehicle locations. Using this vehicle data from our telematics system, you can route plan for your fleet. This leads to reduced fuel consumption, improved efficiency, and timely deliveries, ultimately enhancing the overall performance of your fleet.
Make informed operational decisions
As a fleet manager, you need to be able to quickly respond and make decisions in order to keep your fleet on track and operating efficiently. Through the use of our telematics solutions you will gain access to vital vehicle data, GPS tracking information, and a comprehensive array of fleet data detailing the routes your drivers traverse. This access empowers you to make informed decisions that align with the optimal operational efficiency of your fleet.
Improve fleet utilisation
Supporting fleet management, telematics solutions can help provide data on utilisation as well as maintenance of vehicles and assets.
Drive ROI from your vehicles and assets
Whether you are running a fleet of commercial vehicles, heavy equipment or other types of assets, telematics information helps to drive return on investment, through better and more efficient utilisation.
Respond to customer demand
We know that the needs of your business are ever changing. Telematics technology helps to ensure your needs are met and expectations are exceeded. Vehicle telematics, for example, helps a company to track the location of vehicles, and keep customers informed of ETAs. Asset tracking as another example, provides information on where assets are located and their status, giving a view on what assets are available to meet your needs.
Understand how vehicles and assets are being used and deployed
Give those involved in fleet management a clear understanding of how each fleet vehicle is being used, to help drive utilisation and ROI. With a telematics device in place across your fleet of vehicles and/or assets, you gain the data you need to make smarter, informed operational and strategic decisions.
Improve safety
Telematics solutions are used to shield assets and drivers. Fleet operators can also use evidence collected by the telematics system to educate their drivers, further reducing the risk to the fleet.
Protect drivers
Vehicle cameras and tracking systems are essential for protecting drivers from false claims. They offer visual and data evidence of incidents, helping prove liability and fault. Whilst telematics data shows vehicle location and driver performance, vehicles cameras offer a real-world view. This combination is essential in quickly defending against false and malicious claims.
Improve driver behaviour
A telematics system offers detailed information and driver behaviour, including speeding, harsh braking, and excessive idling. By analysing this telematics data, businesses can be proactive, providing driver coaching, and promote safe driving habits, which reduce risk and improve fuel efficiency. Dash cam footage helps to highlight where improvements can be made, such as better anticipation.
Incident analysis
As we have mentioned above, a telematics system offers the powerful and effective combination location data, driver performance information, and real-world footage when cameras are deployed. This offers a very detailed view of what happened before, during, and after an accident. A dual facing camera will even offer a real-world view of both inside cab and outside the fleet vehicle.
Secure your business
To protect vehicles and assets, fleet managers can employ telematics devices which allow 24 hour visibility and help safeguard the fleet.
Get alerted to unauthorised movement
The presence of a telematics device helps to secure vehicles and assets such as heavy equipment or plant machinery, through geofence based alerts. Geofences are a virtual perimeter, created around a specific location (such as a company or customer site). If a vehicle or asset moves when it shouldn’t, you will be alerted and can take the appropriate action.
Theft prevention and vehicle recovery
Fleet tracking acts as a deterrent against theft as thieves are less likely to target vehicles equipped with a telematics device. In the unfortunate event of a theft, the telematics solution facilitates stolen vehicle tracking, aiding the recovery of the vehicle or asset and minimising potential losses and disruption to your business.
Preventing misuse and loss
Telematics systems help to protect against misuse of assets, both through location monitoring - ensuring a vehicle or asset is where it should be - and by ensuring safe driving practices through driver performance monitoring. In addition, with asset tracking or vehicle tracking in place, loss is prevented by ensuring location data is accessible at all times.
Additional benefits of telematics
Beyond the advantages of telematics to fleet operators, these systems go further in helping to provide deeper insights that can make an impact outside of day-to-day operations.
Data-driven decision making
Telematics tracking systems collect a wealth of data on vehicle and driver performance. By leveraging this data, your business can make informed decisions to optimise your operations, improve efficiency, and identify areas for further improvement.
Environmental impact
Trip history and MPG assessments for each of your vehicles help to reduce fuel consumption and better understand your carbon impact. In addition, you can identify where an electric vehicle transition could be an option through analysis of operational and daily mileage patterns.
Empowering people
Fleet telematics ultimately gives you the tools you need to effectively support your business, whether that be managing a fleet of vehicles or assets, making informed strategic and long-term decisions, or simply driving in a safe and responsible way.
Driving value from telematics systems
Whether you are running a large fleet of commercial vehicles as a key part of a supply chain, or running a handful of vehicles as part of your service delivery, a telematics solution can play a key role in achieving success.
Vehicle tracking and asset tracking delivers the telematics data needed to make both day-to-day operational decisions, and longer-term strategic choices, whilst vehicle camera systems help protect drivers and businesses.
Get in touch with our team of experts today to find out how telematics technology can play a role in your operation.
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