Advancing Your Business Through Actionable Data
The latest telematics and connected car technologies give businesses unprecedented visibility into their truck fleets’ operations and performance. This opens up a world of opportunities, allowing businesses to identify potential safety issues, minimize risks, lower insurance costs, proactively service their vehicles, optimize routes, and make more informed decisions about whether electrification makes sense for their fleets.
"Mobility is a powerful force for economic growth, and telematics data insights can provide businesses not just with information, but actionable information,” says Lars Dahlby, Assistant VP of Business Management North America at Enterprise Truck Rental. “It gives you numerous data points to help manage your fleet better."
Real-time data you can rely on
With its real-time data monitoring and data analysis capabilities, telematics can provide valuable insights into driving behavior and safety, as well as vehicle performance and fuel efficiency. “The integration of these technologies results in multiple benefits. Business owners get real-time data and feedback on their vehicles' performance,” said Dahlby. “They can see how their drivers are doing, whether they're driving the speed limit or taking the best routes. And from a safety standpoint, the fact that these technologies are always on, can communicate their location, can communicate if something is wrong with the vehicle, is a win for everyone.”
Telematics benefits mobility managers by providing real-time vehicle location, usage, and performance data, enabling efficient route planning and utilization. It enhances safety by enabling managers to monitor driver behavior to promote safer driving practices, reducing accident rates. Through Enterprise Truck Rental’s partnership with Geotab®, clients can also customize their telematics system to identify driving behaviors like harsh accelerating, braking, hard cornering, speeding, and idling. This data can help businesses mitigate the risk of harm not only to their workers but to their reputation, as well.
Finding new ways to reduce costs
Telematics can also reduce costs through timely maintenance scheduling and improved fuel management, improve accountability with detailed insights into vehicle and driver activities for accurate billing, and streamline operations by automating reporting and compliance tasks, saving time and reducing administrative burdens.
Looking to the future, businesses can also draw on telematics data to decide if electrifying some or all of their fleet makes sense. Clearer insight into routes, payloads and vehicle performance promotes more informed decision-making. “Before investing in EVs, you want ensure you make an informed decision about cost, demand and other details,” says Dahlby. “You don't want to overbuy. You want to be sure to invest in the right vehicles, and volume, to meet your specific needs. Better data yields better estimates and eliminates guesswork.”
