Including IoT in the fleet management system aims to empower businesses while improving supply chain visibility and process chain monitoring. The technology of the Internet of Things, a software-driven collective network that connects billions of complex devices such as electronics, sensors, gateways, actuators, and platform hubs, seems to be specifically designed for fleet management.
“Smart fleet management is unlocking the true potential of IoT technology.”
Fleet management software proffers industry vehicle tracking and monitoring and driver performance, fleet analytics, fuel management and predictive maintenance, and remote diagnostics via sensors and other IoT systems.
The technology transforms traffic management by connecting vehicles and collecting a wide range of data on vehicle characteristics, routes, cargo, and passengers, while also offering government compliance. Implementation will provide such advantages as:
- Substantial savings: Telematics can predict different needs, and managers can solve problems before they become too expensive.
- Enhanced manageability: Telematics helps fleet managers track drivers, passengers, vehicle usage, and maintenance needs.
- Informed decision-making: The IoT supply chain ecosystem benefits stakeholders to leverage modern analytic technologies such as big data, AI, and machine learning on datasets generated by both in-house and third-party data sources.
- Improved asset traceability and security: Onboard and peripheral solutions provide visibility in and around the vehicle. Video recordings can be saved and used if necessary – in the event of an accident or legal proceedings.
