Fleet automation technology managers are adopting in 2022
The global market for fleet management systems is expected to grow from $19.5 Billion in 2020 to $42.75 Billion by 2028. That’s a doubling of the market in just eight years. Why are fleet managers directing their spending towards fleet management systems and fleet automation?
Reason #1: Fleet safety automation
The annual accident rate for commercial fleets is about 20%. That means every year, on average, 20% of your fleet vehicles will be involved in an accident.
The cost of a commercial fleet accident is over double the cost of the average workplace injury. What are the solutions?
1. AI Dashcam
How can you make sure your driver is keeping his eyes on the road? Dashcams are a solution, but they require someone to constantly monitor the footage. Plus, traditional dashcams won’t alert the driver in real time. FleetUp’s AI Dashcams solve the problem by automatically detecting distracted driving. Their AI voice assistant recognizes cell phone usage and tells drivers to put their phones down. The entire incident is recorded, noted, and saved on FleetUp’s all-in-one platform.
2. Driver safety scorecard
Do you know who your most dangerous drivers are? By the time you found out, it might already be too late. And if you try to identify your most dangerous drivers without a smart telematics system, you’ll run into all sorts of problems: bias, lack of data, and resource waste.
With FleetUp’s Driver Safety Scorecard, fleet managers can sit back while FleetUp automatically detects and analyzes unsafe driving behavior, including:
- Hard accelerating
- Harsh braking
- Sharp turning
Combine this with the FleetUp AI Dashcam and your fleet can make objective decisions on safety. These decisions reduce accidents, violations, and fines, and help you negotiate lower insurance premiums.
Reason #2: Fleet security automation
The biggest threat to fleet security is cargo theft. Most cargo theft happens on the truck. Your truck can and should be a fortress for your fleet.
1. Asset tracking
You never want to lose sight of your high-value shipments. Not even your driver can be certain that no cargo has been pilfered. Cargo can easily be stolen from the container before your driver notices. At that point, he’s hundreds or thousands of miles away. What’s the use?
With FleetUp’s asset tracking, you’ll know exactly where all your cargo is at every moment. You’ll have 100% peace of mind that 100% of your cargo will reach its destination.
Asset tracking is great – but what about active monitoring? What if an asset is getting away, and nobody is around to notice? That’s where geofencing comes in.
Geofencing allows fleet managers to create virtual borders around lots, loading docks, or any other location. This has huge security benefits. The moment an asset or a piece of equipment crosses a virtual border, you’ll be alerted. It’s a GPS-powered security system that never sleeps. With FleetUp’s geofencing, you’ll have it on the same platform as your asset tracking, AI dashcams, driver safety scorecard, and more.
3. Remote engine shut off
If your tractor trailer is stolen, you want options. GPS tracking is great, but it doesn’t prevent the thief from causing fatal damage with the stolen tractor trailer. A crazed thief can easily slam into cars, pedestrians, or buildings; causing insane wreckage that your fleet could become liable for. He could also destroy the truck before getting away.
Only remote engine shut off can prevent this possibility. With the click of a button, you’ll have the power to stop the truck in its tracks. This would have been a great solution for the Louisiana fleet that had over $324,000 worth of equipment stolen. By the time police discovered the thief, he was actively dismantling the truck in a rural farm field.
Reason #3: Cost-saving automation
Maximizing fleet revenue means minimizing inefficiencies. When fleets automate, they free up time and resources. This leads to more hours on the road, more customers gained, and more dollars on the bottom line.
1. Reducing internal silos
Beyond simply freeing up time and resources, fleet automation drives key insights across your business. It does this by destroying silos and connecting the dots. The traditional fleet will have all of their departments (safety, customer, maintenance) working as isolated silos, only communicating data segments when necessary. Automation takes in all the data from all the departments at once. Automation communicates key data points across all your departments, destroying the inefficiency of human data sharing.
2. Driving novel insights
Because fleet automation takes in every trackable data point across your organization, it can produce novel insights to novel problems. It can pinpoint the source of a margin decline, like perhaps an unusually long wait time at a customer loading dock.
Automation’s best insights come from the most comprehensive platforms. Automation should do more than collect data, it should also have insight on how you manage it, how you manage workers, and how you manage processes across your organization. Only FleetUp offers these 4 pillars on one platform.
Fleets won’t stop accelerating towards automation
From safety, to security, to efficiency; automation offers big value propositions. The fleets that are stuck in yesteryear’s ways of paper-laden processes and human reporting will get left behind. But it’s not enough to just implement any automated fleet management system when many regurgitate the same problems of siloed processes and departments.
Fleets need a fleet management system that captures every aspect and of their fleet: from the drivers, to the assets, to the managers. And they need this on an all on-one, simple to use platform. That’s where FleetUp comes in.