Fleet management in recent years has developed into a multi-billion dollar industry. Since it has far reaching implications on the world of mobility and logistics, one cannot overlook the fact that fleet management has been gaining significant strategic traction. Fleet Management industries have been in operation since a long time but what sets them apart is how ready they are to adapt to newer technologies, change in customer’s demands etc. Fleet Management solutions helps in reducing costs and risks associated with the vehicles and also provide better services.
In this article, we will look at the 3 most important things that impacts every aspect of a futuristic fleet management solution and how you should manage it in the coming years.
There is no doubt in stating the fact that technology is the single most important factor that will drive fleet operations forward in the future. New technology makes fleet management more efficient and improves operations across board. There are numerous reasons one can think of why it is important to stay on top of your fleet tech. As the technology for fleet management is continuously evolving let us look at some aspects that will have tremendous effect on fleet management technology in the coming years;
Telematics is essentially the merging of telecommunications, data and computing that helps fleet owners communicate seamlessly with other stakeholders, like managers, employees, and customers. It has made possible for fleet managers to keep a lid on costs and maximise vehicle efficiency and improve safety of their fleet like never before. At present most telematics systems are able to track location on real time basis, check vehicle health and monitor driver behaviour. In the future it can be expected that telematics will be able to integrate a more robust data analytics system, voice assistance command along with artificial intelligence.
Another tech trend that we need to look out for is the advent of 5G Technology and its impact of fleet management and connectivity. 5G allows many more devices to connect at once, it allows many more smart connected devices to come online, that will display the full potential of Internet of Things and how multiple systems can communicate with each other seamlessly. This will not only reduce latency and boost productivity but it will also give fleet managers the edge over competition.
Today and even more so in the future, fleet managers will be dependent on technology related services and networks to maximize the uptime and increase their fleet visibility. The ever increasing interconnection of technology and fleet management will need newer maintenance strategies and improved information systems in the future. The fleet management technology is rapidly evolving and so is the nature of the data being produced by it. With tools at hand like GPS and telematics systems etc. your fleet produces huge amounts of data. This data, if used strategically to analyse operations and make decisions can impact your fleet positively and maximize efficiency.
Data visibility is definitely expected to expand in the coming future, and it will be up to you to leverage all the extra information generated to benefit your operations. One of the most important ways to ensure that your data is actionable and helps you take informed decisions is by aggregating it in a centralized system. This will allow you to generate reports to make important decisions like monitoring expenses, measuring performance, ensuring fleet health and safety etc. and bringing an overall and visible improvement to your fleet management capabilities.
API or Application Programming Interface is how software communicates with each other. They serve as a framework that enables fleet managers to connect systems, applications, and datasets to create an interconnected enterprise system that integrates data from multiple system in one. As your fleet will start to get bigger in the future, the need for a dedicated enterprise system also arises. Since a larger operation comes with multiple systems that are complex to deal with. Depending solely on employees for providing accurate data as well as maintaining financial security is risky. Therefore, you will need your data to merge in the enterprise system seamlessly for efficient operations.
It becomes very easy to take decisions that are informed and accurate when you have all your data laid out in front of you. This is to say that, when fleet managers have full visibility of all their vehicles from multiple sources, it becomes easier to analyse problems and take actions. Apart for data integration, having incorporated API technology gives you many added benefits like
Therefore, it is pertinent that we keep a close eye and keep up with latest technology trends and newest innovations. This will help fleet managers to prepare for any upcoming industry changes and obtain a better idea of what fleet operation might look like in the near future. Thus, not keeping a tab on current trends cannot be an option for any fleet operation that wants to remain relevant in an industry that is continuously on the move.