The future of fleet management and telematics
Category Industrial News
We are living in a world filled with more possibilities than ever before, and the field of fleet management is no exception. Fleet managers can now use technology to optimise transportation, improve their customers' experiences and monitor their vehicles more efficiently. Since the goal of fleet management is to reduce fleet total cost of ownership and increase return on investment, companies need to remain on the cutting edge of developments in the fleet management sector. 3Cube Property Solutions explores the latest developments and shines a spotlight on everything that has become possible.
The growing scale and scope of fleet management
According to an article published on ITWeb, the global fleet management market is expected to grow by a jaw-dropping $34 million by 2025. Partly as a result of the COVID-19 pandemic and its rippling effects throughout industries, many companies are now prioritising the need to implement a fleet management system. In order to achieve an improved return on investment, fleet management systems need to focus on changes in driver behaviour. Thanks to smart insights and real-time data, informed decisions can be made quickly.
Creating safer driving conditions with the help of artificial intelligence
The days of fleet managers needing to view hours of in-cab footage to ascertain whether a driver was on his phone are over. Thanks to fleet management telematics systems, devices installed in vehicles can connect to on-board diagnostics systems and collect information about location, excessive speeds, harsh braking or acceleration, engine health, fuel consumption and much more. Through improved driver management and simplified operations, telematics leads to a significant return on investment.
In a world in which companies are under pressure to follow the principles of conscious capitalism, telematics can help business reduce not only their fuel spend but also their carbon footprint. Being able to monitor each vehicle and your entire fleet at a glance gives fleet managers opportunities to optimise and save - both in monetary terms and with regard to environmental concerns.
A report by Robotics & Automation News points out that globally, big data and AI are helping fleet managers circumnavigate issues like driver shortages while helping to explore greater efficiencies and minwimise losses.
Electric-powered fleets to become a reality
From a consumer's perspective, electric cars seem impracticable in the South African market, due to shortages of charging ports and, of course, loadshedding. In the context of fleet management, however, fleet managers can plan their vehicle's charging needs. Since businesses often have access to generators, inverters and solar systems, vehicles can be charged overnight to ensure readiness for the next working day.
Growing demand for environmental awareness, flexibility and speed
Like every other industry, the field of freight and transportation around the world is placing great emphasis on lowering emissions. Vehicle tracking systems make a difference in this regard by incentivising drivers to avoid speeding and aggressive driving. In terms of flexibility, advancements in software will continue to help drivers reroute when needed based on real-time variables. As the rollout of 5G continues to gain momentum, greater-than-ever levels of vehicle monitoring will become possible. AI dashcams will continue to offer a wide range of features from driver fatigue detection to HD videos stored securely on the cloud. The high speed that 5G offers will help to create increased efficiency and productivity.
Before you can get the right fleet management systems into place and embrace everything that the future of this sector has to offer, you need to have the right base from which to run your fleet. 3Cube Property Solutions has a wide array of commercial and industrial properties, many of which offer great access for vehicles. Contact us for more information.
Author: 3Cube Property Solutions
