As interconnections expand, the role of telematics has expanded exponentially. However, at what point will it become an integral alternative?
As the days go by, telematics is becoming a more and more familiar concept. This cutting-edge technology is the fusion of computerisation and telecommunication that essentially operates in the fleet management department.
Usually distinguished as dark or black box technology, the network operates by sending data directly from the unit to the cloud where it incorporates and develops insights. These provide a beneficial study about the car’s performance, its mileage and provide the information needed to lower premium rates and determine claims much more efficiently.
While telecommunication manages the exchange of data, IT operates the information retrieval sector of the process, resulting in more cost-effective, efficient and reliable operations for users.
Studies revealed that the telematics segment is on a path of intense development and will have an overall amount exceeding $3.5 billion in the next 4 years. The department is being stimulated by the advent of 5G, electrotechnology, automotive technology and AI as the automotive industry becomes more embedded in IoT.
The marketing study of cloud-based policy telematics in the infrastructure and devices of transient and merchant units also stated that the sector has ramped up from a forecast estimate of approximately $1.6 billion in 2019.
Market leaders GPSWOX and Trackinfox reliably attach merchant units to the cloud, providing web-based diagnostics to help companies manage their fleets and improve data-driven decision making. The main difference is the free support response, which drives a collaborative system, enabling companies to incorporate data processing from units connected to the OBD2 tracker into any network, regardless of the size of the company or its operational requirements.
Technology for efficiency
GPSWOX and Trackinfox solutions leverage data analysis and data analytics to optimise performance, improve fleet performance by reducing fuel consumption, increase driver safety, and achieve better enforcement of regulatory modifications. Incorporating telematics support to the fleet makes it possible to develop customised reports that facilitate the implementation of alerts between the supervisor and the driver, triggering a warning in case of a possible collision or exceeding speed limits. In other words, it benefits the company’s performance while encouraging safe driving.
It is important to mention that a comprehensive and telematics explained platform provides the necessary information for companies to obtain better oversight. As a result of unit and fleet data, real-time information and better use of resources, customers can optimise productivity and the common good of the company. To this end, GPSWOX provides optimised support to supervisors by simplifying transport procedures and organisation to ensure that units comply with regulations, while increasing revenue and optimising task safety.
OTS News on Social Media