The 2014 Fleet Guide recently released by Bobit Media, provides insight into current trends and what’s next for the fleet telematics industry. The Fleet Guide provides information from industry professionals on how businesses can successfully implement a fleet telematics program into their operations, ways they can receive ROI, and how this technology has helped real companies solve business challenges for their fleet.
What’s Next for Fleet Telematics?
According to the guide, if there is one thing that is constant about fleet telematics technology – it’s change. As new trends emerge, it is important for fleet managers and executives to stay in the know about new advancements and how they will affect their business.
The Fleet Guide discussed industry trends to be aware of, like faster networks being adopted making 2G a thing of the past in favor of higher speed 3G and 4G networks. New types of integration are now available, including smart phones and tablets, APIs, and social media integrations. The adoption of fleet telematics solutions by small businesses is also a new trend. Now that larger fleets have proven the business case for telematics, smaller businesses are feeling more confident making the investment.
How to Implement a Fleet Telematics Program
Proper implementation of a fleet telematics solution will help achieve the greatest ROI, so it is increasingly important to make sure that it is done correctly.
The Fleet Guide provides solutions to ensure that implementation goes smoothly. Fleet professionals can learn ways to set goals and expectations including how to set ROI goals that are achievable, gaining executive buy-in, creating a plan for delegation, and important things to look for during the research process to make sure they choose the best provider.
Achieving ROI
Most fleet professionals are aware that a fleet telematics solution can help reduce fuel costs, but there are also many other ways that this technology can help a fleet save costs to receive the most possible ROI.
By fully utilizing a solution, a few ways vehicle telematics can help a fleet achieve ROI are through:
- Staying on top of Preventative Maintenance
- Rightsizing your fleet
- Insurance Discounts
- Keeping Timecards Honest
- Efficient Dispatching to Complete more Jobs, Faster
Real Results
Fleet professionals can get a run down on the real benefits of fleet telematics technology in the case studies section of The Fleet Guide. The case studies discuss the challenges real businesses faced, like customer service and safety challenges, inefficient dispatching, and high fuel costs, before implementing telematics software. They also go into how telematics helped solve these problems and the results they have seen since, like decreased response time, idling, and maintenance costs.
A towing company that identified decreased response time, noted that their service requests have increased by 20%, increasing their monthly revenue by $2,000.
For more insight into the current telematics market and how to implement a solution for your business, read the full 2014 Fleet Guide. Contact us today to learn more about how vehicle tracking can help you take full control of your fleet!
