Telematic systems are the future of fleet management and delivery optimisation. This system involves wireless communication and information processing to track and monitor delivery vehicles.
This model comprises GPS tracking, onboard diagnostics (OBD), and wireless communication to optimise deliveries. This results in a reduction in route cost and an increase in efficiency. Due to these benefits, the market size of telematic systems is projected to reach $25.72 billion by 2025 and is expected to continue growing in the future. Let’s dive deep into the details of the topic.
Increase in Fleet Efficiency
One of the best ways you can take advantage of telematics is by increasing fleet efficiency. This model helps businesses track their vehicles, and the resulting data can be used to train artificial intelligence (AI) or machine learning (ML). The system can suggest routes and monitor the schedules to rule out delays. This leads to improved service quality and better performance.
Predict Vehicle Maintenance
Telematics systems can play their part in vehicle maintenance. All you need to feed the system is your vehicle’s assessment data. Based on these reports, it can predict the condition of the delivery cars and prevent any future issues.
Further, it also suggests an optimal time for vehicle repairs and lowers the downtimes. As a result, the lifespan of the vehicle will increase, saving your budget on repairs. As per Fleet Management, companies save up to $1 million in maintenance thanks to telematics.
Decrease in Fuel Consumption
Telematics models can give a significant boost to your business by decreasing fuel consumption. These systems analyse your vehicle consumption and suggest comparatively shorter routes. There are some advanced models from companies such as Radius. These models not only eliminate idling times but also monitor aggressive driving. The result is improved fuel consumption and a reduced burden on the company’s budget.
Better Driver Safety
The beauty of telematics systems is that they are not limited only to vehicle or route optimisation. They also monitor the driver’s safety. For instance, these models analyse the driving and braking patterns and rate the driving as safe or dangerous. Furthermore, they also monitor Hours of Service (HOS) to prevent fatigue-related issues.
Real-time Tracking
If you are a fleet owner interested in real-time reports on your vehicles, telematics systems should be a no-brainer for you. Thanks to quick wireless communication, you can find out the live location of your cars at any time.
You can communicate with the drivers or give them suggestions in the best interests of the company. The real-time tracking feature of telematic systems can also come in handy during emergencies. It can instantly identify the problem and may direct the patient to the emergency department for quick action.
Data-Driven Decision Making
An end benefit of incorporating telematics in your fleet is that it helps in decision-making. The model continuously studies and analyses the vehicles, driving patterns, fuel consumption, etc. Based on these matrices, it can suggest to you:
- Better routes
- Repair scheduling
- Areas of improvement
- Cost reduction
- Driver or staff training
GPS vs. Telematics
Telematics and GPS differ in many areas. In fact, telematics systems use a Global Positioning System, or GPS, to determine the accurate location of the vehicle. However, the model is more than just position determination; it provides information based on the vehicle’s engine and sensors.
In fact, many telematics systems are more advanced. They also help companies with live tracking, fuel cost reduction, vehicle maintenance, and better driver safety. Hence, it can be said that GPS is part of telematics, and the latter can’t perform without it. It would be helpful if you had a way to track your drivers and how they’re operating your company vehicles. That’s where GPS tracking comes in. In addition to holding monthly meetups to discuss any issues your drivers encounter, you could also use GPS to help them complete their routes faster and safer.
Bottom Line
Since the rise of e-commerce and home deliveries, fleet management has been an issue for companies. The telematic systems have resolved this issue. These models help businesses optimise their deliveries by reducing fuel costs, predicting vehicle maintenance, and providing a better driver safety profile.
