Author: Jay Krishnan, VP Marketing, Automile
As our devices continue to be more connected, this interconnectivity has given rise to the Internet of Things, or IoT. What does this mean? Just think how smart home apps enable you to control the thermostat from your mobile device despite being miles away. And as IoT technology continues to expand into new areas like healthcare and retail, fleet management is just the latest industry to be transformed, connecting vehicles and drivers like never before.
Just how much has IoT revolutionized fleet management? Consider the following ways connected technology has brought greater efficiencies and improvement to how businesses manage their fleets:
1. Gain Greater Visibility
Are your drivers making unnecessary stops on their routes? Are they driving recklessly along the way? Are they wasting fuel by leaving the engine running? All of these things used to be difficult or impossible to determine with legacy fleet management providers and technology. Yet, with automated fleet management solutions to connect vehicles and monitor driver activities, managers gain an unprecedented level of insight into fleet performance and driver behavior. This enables them to know where vehicles and drivers are at all times, identify potential problems much sooner and mitigate risks before they become larger issues that can jeopardize client satisfaction, impact driver safety or increase costs.
2. Cleaner, Greener Operations
Excessive idling time and driving over the speed limit don’t just waste money by way of extra fuel costs and unnecessary wear and tear; they can also be harmful to the environment. Research suggests idling vehicles consume more than 1 billion gallons of diesel, while emitting more than 10 million tons of carbon dioxide into the air. By using IoT technology, like Automile, to track driver behaviors, it becomes easy to uncover such instances through automated alerts, allowing managers to take the necessary actions to minimize these behaviors.
3. Perform Preventative Maintenance
In addition to gaining better insight into driver behavior, connectivity to all vehicles also lets you monitor the health of the fleet from any device. With alerts for service needs like low battery, coolant temperature, check engine, inspection reminders and other factors, you can provide the preventative maintenance to keep your vehicles running safely for longer.
4. Leverage a Vast Amount of Data
Each day, fleets generate an enormous amount of information regarding things like fuel consumption, miles logged, speed tracking, vehicle utilization and much more. Before IoT, much of this information had to be collected manually, if at all, resulting in significant lags between when an issue occurred, when it was noticed and when something could be done about it. However, IoT has ushered in era where vehicles, driver devices and office technology are connected in real-time. As a result, fleet managers can not only collect, analyze and understand all of the data from their fleet, but act on it as soon as possible.
5. Achieve Cost Optimization
The goal of any fleet manager is to optimize their costs and ensure their budgets are spent wisely. By having all devices, drivers and vehicles connected, fleet managers can better understand how their dollars are spent, and identify areas in which money can be saved. IoT also helps businesses collect maximum deductions at tax time. With the deductible costs of operating a vehicle for business set at 54 cents per mile, fleet managers need a simple way to track mileage through an accurate, IRS-compliant mileage log. With an IoT solution to automate mile tracking, it becomes easier than ever to get the greatest deductions when filing taxes.
IoT is the way of the future, not just for fleet management but for all aspects of work and life. And as IoT continues to become the norm, the companies that embrace it today will have a significant advantage over the competition tomorrow, benefiting from greater connectivity between their devices and the information derived from them. Those that that continue to rely on legacy systems and processes will only lag behind in a changing world.
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