Telematics encompasses telecommunications, vehicular technologies, road transportation and computer sciences. It is the technology of sending, receiving and storing information relating to remote objects via telecommunication devices.
There are various reports on how much the fleet telematics market will be worth in the upcoming years. The numbers are quite high; according to experts, the market for fleet telematics systems will be $43.5 billion by 2024. The news about telematics and automobiles are often related to the growth of telematics and consumer route-driven vehicles like cars and trucks. Telematics technology has paved the way for fleet managing systems for vehicles over the last years, which is important news for transport, delivery and utility businesses.
Make Use Of Data
If you operate a large vehicle fleet, it’s easy to get overwhelmed by the vast amount of data GPS tracking devices provide. If a fleet manager knows exactly where every car or truck is at all times, they can use telematics to get an all-round image of how their fleet has been doing and their performance in detail. Whether fleet managers want to keep track of idle time or improve gas mileage, telematics systems can provide multiple alerts for specific situations and report certain elements of the overall status of your fleet.
Fleet administrators managing large fleets have a hard time making sure vehicles aren’t used during non-working hours, which may increase maintenance expenses and subject the business to potential legal cases. Telematics systems can monitor fleet vehicles 24/7 and provide detailed information including usage, speed, location, and driving actions.
Businesses often use different management systems. This can eventually lead to further problems with exchanging information, examining data, and understanding new services. Companies can use advanced fleet management software to gather all the important data in a single GPS tracking platform.
Prevent Major Problems
In large fleets, small problems usually go undetected and can soon add up to considerable expenses quickly. With a reliable fleet tracking system, it’s actually simpler to stay along with routine maintenance and deal with small issues as they come along prior to they grow into real problems that could cost the company.
In a Fleetmatics report, 20,000 commercial service fleets in the United States. and Canada was studied. The report revealed that the average workday dropped by 20% from roughly 8. 6 hours down from 10. 6 hours. Engine idle reduction also bore cost savings. Fleets saved an average of,$ 45 per vehicle each month, which is$ 540 per vehicle each year. There was a 12% decrease in idling minutes per day.
The best GPS tracking platforms provide you with the information securely over the internet. As long as you know the login and password, you have access to your tracking panel from any internet-enabled computer or mobile device. The flexibility and 24/7 accessibility of a web-based solution make Rewire Security an ideal choice when buying a GPS Tracker.