The Internet of Things (IoT) continues to be a much-explored topic in the modern era of technology. This phenomenon has simplified the activities crucial to simplify our everyday lives. Smart homes, smart gadgets have become the new normal through IoT driven innovations. Industrial sector too is no exception to the mass adaptation of this technology. Especially with transportation, this fact holds extreme relevance. Fleet management in particular has become easier and effective as compared to previously.
Are you a fleet manager?
Do you want to dive deep into the myriad possibilities and endless developments to achieve business success? Winning customer satisfaction through modern technology is also in your list? Then IoT solutions are here for the rescue. Constantly expanding and connecting drivers and vehicles that have made impossible communication possible. This results in newfangled efficiencies and improvements in how businesses manage their fleets. It includes high level competency and vehicle specific level that is maintained by a company. Gaining financial and administrative success through delivery-based finesse has now become hassle free. IoT Technologies minutely understand the customer requirement, thus provide significant advantage over tough competition.
But how does IoT manage these solutions?
With the help of IoT driven sensors, fleet managers can now access high level and crucial data that assist them in easy and quick supervision of the overall fleet activity. Tracking an accumulated trend that may flourish the fleet business more and making the necessary changes to achieve business goals, becomes possible. This significantly enhances business profits. It enables a fleet manager inquire into all the points in each vehicle route. This optimizes routes better by minimizing vehicle idle time duration. This way, the actual fleet potential comes out in broad daylight. Thereby, a significant rise in cost savings could also be traced. Fleet managers can also decide the best routes for their employees by identifying the areas with risky driving conditions. This identification cuts down road accident rates by 40%.
What are the various ways in which IoT is empowering the fleet industry?
Encompassing fleet safety, driver safety and optimized fuel consumption are to name few of the advantages bestowed by IoT. There are some more benefits. They are:
1) IoT facilitates environment-friendly operations
It has been observed in a research that idling vehicles emit over 10 million tons of carbon dioxide in the air. Monitoring driving performance and fuel utilization are some of the standard features of fleet management. They are the primary objective why IoT solutions are implemented. Fleet management majorly includes fleet tracking. This helps the fleet managers in ‘conditioning monitoring’ of the fleet. Driving the vehicles over a particular speed limit increases the chances of road accidents. Keeping them idle for a very long time directly affects the environment. Additionally, they add up to the wear and tear of the vehicle and additional fuel costs. IoT technology helps in tracing the driving patterns. That is inclusive of the number & duration of breaks taken by the driver. It also gives real-time alerts that significantly minimize unnecessary and lengthy breaks that lethargic drivers take. Plus, this pattern assists in identifying the drivers who have worked beyond their service hours. Thus, keeping the exhausted drivers off the road intensify traffic & road safety initiatives.
2) IoT enhances fuel efficiency
Be it the driving style or the driving frequency, both affect the fuel consumption by great measures. The average speed, pit stops, accelerating & decelerating pattern, unrequired idling and more are some additional reasons. Through IoT driven sensors, fleet managers can track all such data. Next, they can improve the driving styles which will ultimately contribute to better fuel optimization.
3) IoT boosts engine performance
The overall fleet efficiency can come down due to improper fuel consumption. One of the most critical parts of a vehicle is its engine. With full-scale IoT solution, remotely monitoring and analyzing the critical engine parameters is possible. Moreover, with in-vehicle data acquisitions and diagnostics fault codes, spare part management and integrated field engineer optimization, pulling out the appropriate fleet management solution is less time consuming.
4) IoT gives better automation
Fleets are meant to take frequent trips. IoT in fleet management enables the fleet operators to automate various processes for successful fleet operations. In case of a vehicle break down, the IoT driven system will send an automatic notification to tow trucks to the nearest service stations. When the weather conditions will become adverse, automatic notifications will be sent to both the drivers and the fleet owners. This will help the drivers in rerouting with the intention to stay safe and successfully complete the given operations. IoT solutions help in designing intelligent transport systems. These systems collect real-time data about the route, traffic, vehicle speed, number of passengers and more. Moreover, the systems generate alerts and show messages that assist the fleet managers in better route planning and safe journeys.
5) IoT assists in gaining insights
Having a vast amount of data is a plus point for the fleet managers. It helps them in gaining actionable insights into driving pattern, vehicle speeding & idling and more is possible through various IoT sensors. Once the data is well analyzed by the fleet companies, taking real-time decisions for making instant improvements becomes possible. These small improvements can sum up to the effective management of the overall supply chain.
Fleet managers understand the value of being connected with their vehicles and drivers on an operation. This is because being connected assures total control of the vehicles and the staff. The awareness and freedom of the vehicle location and driver location at any point of time ensures much peace of mind to the fleet managers. With IoT devices, issues such as fleet drivers making unnecessary stops, crossing the assigned speed limit, taking risky routes and wasting fuel could be resolved with quick action.
This was formerly impossible. But, with the advancements in technology and IoT strategies, enhanced customer satisfaction, prompt reporting, elimination of fraudulent activity and more are now implemented easily. IoT is a must have for fleet businesses to look forward to benefit from greater connectivity among devices and information accumulated from them.