Currently, 71 percent of connected fleet vehicles rely on 2G or 3G networks. These operations may face a critical service disruption as the legacy networks they rely upon will be sunsetted by 2023, according to Gartner.
The good news: This pending technology transition provides enterprises with an opportunity to reinvent their fleet management capabilities and gain a competitive advantage.
The key, of course, is improved network capabilities – gained through network speed – and the ability of equipment to gather, store, and transmit more robust data regarding your fleet’s operational results. Complex data collected from these telematics solutions can be used to improve overall fleet performance.
Here’s how your business can improve its fleet management:
Your network is the backbone of your fleet management solutions. Upgrading your network provides more for your company than just the basic GPS vehicle tracking.
With an upgraded network, you can take advantage of improved vehicle telematics, including near real-time vehicle tracking and location data, vehicle diagnostics monitoring for preventive maintenance, and streaming video for insurance, security, and driver safety purposes.
Consolidate vendors and integrate solutions
One widespread problem with fleet operations is the use of a mixed bag of single-purpose solutions from multiple vendors, as opposed to an all-encompassing integrated platform. This reliance on numerous vendors’ with limited solutions hinders the ability to profit from advanced telematics. It not only creates unneeded administrative costs for vendor management teams, but it makes the timely analysis of fleet performance more difficult and complicated.
A single integrated platform improves the ability to analyze copious amounts of data gained from telematics. This data is analyzed to reveal patterns, trends, and other insights that lead to data-informed business decisions.
Produce more business value
Armed with an integrated fleet management platform, your enterprise can operate more efficiently and quickly. For example:
- Reducing gasoline costs by more closely monitoring driver behavior (the average fleet vehicle spends 25 percent of operational hours idling every day, according to Smartrak)
- Improving operational efficiency with automatically optimized schedules, such as schedules based on key factors like hours of service availability
- Streamlining regulatory compliance with electronic logging and reporting. (the average electronic logging device fine is $2,867, according to the North American Transportation Association)
Comprehensive telematics and monitoring systems will also set you up for success in the future. You will be better able to take advantage of improvements in AI, machine learning, and data mining to effectively manage your assets.
Keep drivers happy
An integrated fleet management platform also benefits drivers. The trucking industry already faces a shortage of drivers, who are costly to replace. Upgrading your fleet management operations could be the difference between retaining your most valuable drivers or losing them to your competition.
For instance, a fleet management platform gives drivers control over their daily routines, a key to job satisfaction. A best-in-class network and fleet management solution enables a driver to effectively and easily communicate with a dispatcher. In addition, electronic log monitoring capability helps drivers manage their time more effectively. Similarly, a smart fleet management solution may assist with preventive maintenance to help avoid unexpected equipment performance issues or vehicle breakdowns.
As you prepare to upgrade your fleet network, talk with your wireless provider about how to leverage existing network technology in order to improve your fleet operations.