Internet of Things is gradually becoming a common part of our everyday lives. From our homes to the cities we live in, there are numerous areas in which IoT technology is leaving its prints. Fleet management is just one of the industries that are transforming - vehicles and drivers are becoming more connected with every passing day.
Companies which core business involves vehicle management have realised that taking care of hundreds of high-value, resource-consuming, and geographically dispersed commercial vehicles benefits immensely from the IoT adoption. IoT is unquestionably playing a huge role in lowering the total cost of the ownership and producing values ranging from maximising drivers’ safety, efficiency and comfort to keeping cargo in optimal condition. With this on their mind, fleet management companies are creating new business models which focus is on better overview and control over factors like route management, driver behaviour, vehicle maintenance and fuel consumption.
WolkAbout IoT Platform breaks down the barriers to the implementation of IoT by offering a future-proof application core which allows connection of the variety of vehicle microprocessors, OEM devices, and installed telematics to the Internet through a variety of wide-area networks as the vehicles travel. It also enables storing, visualising and managing vehicle data, as well as information about fuel prices, weather and road conditions.
WolkAbout IoT Platform enables fleet operators to enjoy all the benefits which digital transformation is offering:
Equipment Health, Fuel Consumption, Driver Behaviour and Location Monitoring
Driver and vehicle monitoring and real-time access help in ensuring human capital and vehicles operate at optimal level. This enables managers to detect whether drivers are making unnecessary stops on the routes, or driving fast and recklessly along the way, or whether they are wasting fuel by leaving the engine running when parked up.
Long haul travel requires the insights into the road conditions, unexpected roadwork, environmental or climatic situations to circumvent delays and optimise the route. Fleet managers are able to use this type of information integrated into the platform to act properly and coordinate actions across vehicles in real time so that they could avoid stops and customers’ dissatisfaction.
Asset Value Optimisation
Fleet efficiency also requires a smart maintenance strategy. The fact that all vehicles are connected to one platform allows a deep dive into the health of the fleet, and insights into the temperature, engine and tyre status. This is vital for the preventative maintenance and to keep vehicles running safely for a longer period. Besides, predictive part replacement enables fleet managers to put away vehicles from the field before the potential malfunction, or even worse, the crash happens.
Theft and Unauthorised Use Reduction
When managing hundreds of vehicles, theft-related incidents are not infrequent. Alarms enabled by WolkAbout IoT Platform can alert fleet managers whether someone unauthorised is entering the specific vehicle. Furthermore, real-time vehicle access allows them to modify vehicle capabilities based on who is driving, and real-time monitoring ensures them the drivers are staying within authorised areas.
To sum up, collecting, sharing, and acting in the reality-based and data-driven environment will reduce overall costs by optimal utilisation of resources and improved performance, and will improve drivers’ safety and comfort. This will indeed make early adopters of the IoT in the fleet management industry more competitive on the market. Since IoT application enablement platform acts as a heart and brain of such IoT solutions, the one you choose today will impact the success of your business tomorrow.