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How IoT is Streamlining Fleet Management

The Internet of Things (IoT) has become commonplace in many facets of life. From cars to home to everyday devices, IoT platforms are seemingly everywhere. The revolution of IoT for fleet management has made it more efficient and streamlined.  

While fleet management is not typically coupled with the word ‘innovation,’ IoT has changed that, making organizing and tracking large sets of vehicles easier and more cohesive. 78% of maintenance managers are not happy with their current maintenance approach¹, but IoT can help alleviate many of the manager’s pain points with advanced technological platforms.  

Here are ways IoT is changing fleet management for the better:

  • IoT Lessens Fleet Downtime

IoT platforms enable the use of predictive analytics, which tracks part usage and can then forecast when a part will potentially break. Managers can then fix this part before it breaks, reducing downtime on each vehicle. Furthermore, this technology reduces accidents and puts the driver in less danger. Sensors placed in vehicles can track items such as when tire pressure is too low and alert the driver who can then remedy the situation. All of this means less downtime per driver and fleet.

  • IoT Improves SafetyIoT for fleet management

Predicting when a vehicle breakdown might occur reduces the risk of an accident, which means improved safety for the driver and everyone else on the road. Predictive analytics can limit human driving errors by providing data-informed decisions. Using telematics data, companies can compile a safety report on each driver and then coach them on how to make better decisions when on the road.

  • IoT Helps with Fleet Management Costs

Studies show that accidents are 14% of fleet’s total expenses², and that doesn’t even include soft costs such as the loss of employee productivity and downtime. Not only can managers use IoT devices to monitor drivers, but they can also use the technology to track all assets related to the fleet, making sure to get the most out of each part but not putting anyone in danger. IoT reduces downtime which improves overall productivity and can save companies vital resources.

 

The number of ways that fleet managers will use IoT to streamline their work will only grow in time, allowing a more comprehensive look at driver-by-driver and vehicle-by-vehicle performance. Additionally, onboard diagnostics are putting the driver in control in new ways and giving them real-time information about the vehicle. These factors improve safety and reduce downtime while making the road a safer place for everyone.


References

¹http://download.ni.com/evaluation/crio/24346_Fleetwide_Monitoring_WP_IA.pdf

²http://www.automotive-fleet.com/channel/gps-telematics/article/story/2015/10/using-predictive-analytics.aspx

Case Study: IoT is redefining the customer experience. Nokia case study.

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