The Internet of Things (IoT) has made a lot of buzz in many industries. Integration of IoT into transportation and logistics industry (the industry) means a lot as this is the era where the industry has confronted immense changes such as digital transformation, evolving different business models, new competitors, and so on. IoT helps fleet management companies connect, communicate, and collaborate effectively and efficiently than ever before to achieve desired business results. IoT improvises the fleet management by addressing the key challenges faced by the industry that are:
- Tax risks,
- Fuel and cargo theft,
- Illegitimate data,
- Vehicle maintenance costs, and
- Fluctuating fuel cost.
IoT takes a bigger part in leveraging innovative solutions to fleet management by connecting devices and inferring data to be activated for the enhancement of the fleet operations. Following are the ways how the connected intelligence brings greater efficiency into the industry, thereby simplifying business operations:
The connected intelligence of IoT-enabled devices helps fleet managers track their vehicles and trace their drivers’ behavior, thereby identifying major problems that prevent business efficiency and spoil credibility. While bringing more visibility to the fleet operation, IoT enables business proficiency; enhances the safety of drivers, vehicles, and cargo; increase productivity; and reduce operational costs.
Fleet management system offers the business operators with data explosion on vehicle performance, fuel consumption, whereabouts of drivers and vehicles, delivery status, and the list goes on. It is a data-driven world where data have a key role in leveraging innovations aided by technology for the furtherance of efficiency.
Fuel cost promoted fuel theft, which causes huge loss to the fleet companies. The IoT-activated operation will alert the owners when the fuel has been siphoned from the company vehicles by sending notifications on fuel drops that trigger managers to detect incidences of fuel theft and find where the loophole is. When the entire fleet system is integrated with IoT-enabled fleet management system such as MoveX, it can deliver real-time updates on vehicle speed, location, fuel consumption, and odometer readings to help optimize route efficiency and automate their vehicle maintenance schedule. In such way, it prevents fuel and cargo theft, increases driver and vehicle safety, reduces fuel consumption, and reduces maintenance and operation cost, thereby optimizing cost.
How can IoT help drivers?
Connected devices notify drivers about speed if it exceeds the limit and alerts the dispatchers if the vehicle or driver is under threat that prompts immediate action to safeguard assets as well as personnel of their company.
IoT drives the future of transportation and continues to become the norm for many businesses. Businesses that embrace IoT today are the smartest to take a significant advantage over the competition tomorrow and get benefited from the connected intelligence. If you want to participate in the ever-changing race of the techno-world, embrace the influence of IoT that offers the most reliant and feasible fleet management system to keep on track and stay ahead of your rivals in the industry.