Fleet management strategies are constantly evolving, and it can be a challenge to keep up. As a fleet manager, there are a number of competing priorities leaving little time to devote to the latest and greatest in fleet management technology. To help you stay current, learn some of the newest advancements in the fleet management space and implications for the telecom industry in 2016.
Fleet telematics, the use of telecommunications to remotely communicate with fleet vehicles, is slowly becoming mainstream in the fleet management industry of today. In the past several years, we’ve seen rapid advancements in the capabilities of fleet telematics systems, with many more expected in the near future.
Using telematics, fleet owners can identify a wide range of factors that contribute to increased cost efficiency from a driver’s behavior to vehicle maintenance needs. Visibility into vehicle location, idle time, speed, and gas mileage provides fleet managers with a comprehensive picture of driver activity. Another useful aspect of fleet telematics is the ability to plan driver’s routes, establish territories, and identify the impact of a change in route to your business’ bottom line.
Fleet maintenance is among the top concerns for many fleet managers. Fleet telematics technology addresses this concern with preventive maintenance features such as engine diagnostics, vehicle maintenance alerts, and real-time feedback on a fleet vehicle’s health. It also has the ability to collect all of this information along with mileage and fuel data, and analyze it to identify trends in maintenance needs and component failure.
With all of this data readily available, telecom fleet managers can now make intelligent decisions based upon vehicle usage and driver behavior metrics. This ability to crunch the data to improve fleet performance is just the beginning. Predictive analytics, the ability to spot trends in the data in order to predict future performance, has taken hold with fleet managers, and its applications will continue to grow.
We’ve seen an uptick in the adoption of predictive analytics and modeling among fleet managers over the past half-decade. New applications for its use are discovered each year. Throughout 2016, it’s likely that predictive analytics will be used in ways never before anticipated by fleet owners.
Some of the already foreseen applications for predictive analytics in the near future include the ability to test vehicles under hypothetical scenarios to forecast performance amid variables like fuel economy, driver behavior, and maintenance issues.* Armed with the ideal scenarios for their fleet, fleet managers can take steps towards implementation to achieve improvements in expenditures, efficiency, and safety.
Predicting vehicle component failures is another area to keep an eye on in the near future. This ability to identify a component failure before it occurs has significant cost-saving implications for fleet managers reducing vehicle downtime and increasing productivity. While fleet managers have already tapped into this ability of predictive analytics, more specific and robust predictions are expected in the coming years.
The fleet management industry is changing for the better. Daunting, but necessary, the industry has seen major improvements in its ability to connect fleets through telecommunications technology. The proliferation in the amount of data that points to fleet health is staggering, and is being used every day in innovative ways. Don’t blink or you’ll miss a new development in fleet management technology that could revolutionize your telecom operation.
*For more information, see “Take Action on Fleet Analytics” by Lauren Fletcher, September 2015 at http://www.automotive-fleet.com/article/story/2015/09/take-action-on-fleet-analytics.aspx.