Top 5 Fleet Management Technologies to Accelerate Business

Top Fleet Management Challenges

Whether it’s about vehicle specification, acquisition & maintenance, hiring certified drivers & technicians, planning and scheduling the best and shortest possible routes, putting deliveries on time, managing fuel consumption, and so on, all these have remained a major challenge that demands both manpower and accuracy.

Well, after going through these challenges it is clear that technology is the ultimate solution as compared to more manpower. So let’s dive deep to see what technology has to offer.

Also Read: Why Fleet Management Is Important- Working and Benefits

5 Trending Fleet Management Technologies

Well, when it comes to fleet management technologies the list is large. We will discuss the latest technologies that can impact the industry on a mass scale. 

• Internet of Things (IoT)

The availability of advanced end-to-end fleet management systems based on telematics and backed by GPS tracking technology can manage and control vehicles, equipment & people.

The principle of telematics is based on the fact that a hardware unit will be connected to IoT sensors through a GPS receiver. This way telematics can offer multi-faceted outcomes enabled by fleet tracking software.

Telematics technology allows managers to understand what is happening and how they can streamline cost expenses. Managers can easily monitor fuel efficiency and optimize routes, monitor driver performance, leverage advanced data analytics, and do much more.

• Artificial Intelligence (AI) & Machine Learning (ML)

AI & ML are gaining traction in fleet management. And why not so when AI-powered management systems are capable of retrieving much more sophisticated data as compared to traditional methods?

On top of that, ML algorithms can easily decipher this data, learn from past experience, and update & upgrade the interpretation of these data sets to offer better results. So whether it’s about the automatic detection of anomalies, optimization of equipment usage, predictive analysis, or efficient resource planning, AI & ML can prove to be game changers in managing fleets efficiently.

• Electronic Logging Device (ELD) Compliance System

There is no doubt that driving is something that demands concentration. But this concentration can be easily affected by long working hours. As a result, this can not only put the loaded vehicle at risk but the life of the driver and other people on the road.

This is where advanced technology like ELD comes in. Electronic Logging Devices record total hours of service. They also record on-duty and rest hours. This technology can easily replace paper logging. Fleet managers can use this technology for ascertaining accurate drive time recording. This will help generate more ROI without putting anyone’s life at risk.

• DashCam & Advanced Driver Assistant System (ADAS)

When it comes to the driver’s safety & efficiency it has to be taken on a priority basis. Even a minor distraction from the driver’s end can not only jeopardize the brand’s reputation but can also put billions of dollars in insurance and legal fees.

ADAS and dashcams are something that can be used to combat distracted drivers. ADAS alerts the driver in certain critical situations by keeping an eagle eye on the road. Thus it prevents minor or major destruction in case the driver loses attention.

• Augmented Reality (AR)

AR plays a major role in fleet management. From the loading point to safe driving and to the unloading point, AR technology can be applied in almost every aspect. Apart from this, AR through wearables technology helps ease maintenance and repair which can reduce cost by a huge margin.

In addition to this, enhancing driver training and assistance is another role AR handles efficiently. Moreover, scanning each cargo item, loading it accurately, and other such activities consume a lot of time but with AR glasses, freight loading can be simplified.

Market Overview of Fleet Management Technology

• A recent survey reveals that telematics technology has helped 32% of organizations increase their ROI in less than a year.
• GPS fleet tracking has helped organizations improve customer service by 54%.
• GPS fleet management software has decreased fuel costs by 8%.
• A survey reveals that IoT and AI-powered warning systems can help prevent more than 63,000 crashes each year.

Looking Into the Future of Fleet Management

Electric Vehicles (EVs) and Autonomous Vehicles have become a new trend and are disrupting the fleet management industry on a large scale. They are all set to become mainstream not only for personal use but for commercial use too. Even governments from around the world are in support of EVs and why not when they are capable of bringing down carbon emissions by a huge margin?

Now although EVs can bring more ROI as compared to vehicles operating with gas, one of the challenges with EVs is, the refueling of an Internal Combustion Engine (ICE) which consumes more time as compared to the traditional charging systems. This is why companies are required to deploy IoT platforms to remotely monitor the status of vehicle charging parameters in real time to stave off the entire expiration of fleet vehicles.

If we go with stats, the US is planning to advance the EV market by investing 15 billion USD for creating a network of 500,000 charging stations by 2030. Moreover, By 2035 almost every automaker will be part of the hybrid vehicles, plug-in hybrid electric vehicles, or battery-electric vehicles industry. To name some, BMW, Bentley, Ford, Honda, General Motors, Jaguar Land Rover, Mazda, Mercedes Benz, Rolls-Royce, Volvo, etc are already working on the same.

How Apptunix Can Help You Excel In Your Business With Fleet Management App Development?

Apptunix’s developers have notable experience in transportation and fleet management apps. The industry knowledge has allowed us to deliver hundreds of fleet management solutions throughout the world on time. Apptunix has earned a solid reputation for building low-cost fleet management platforms apart from integrating, supporting, and customizing popular management systems.

Whether you are looking for Fleet Telematics Solutions, Fleet Fuel Management Solutions, GPS Fleet Tracking Software, Fleet Asset Management Systems, Fleet Maintenance Software, or Fleet Management Integration, Apptunix offers them all under a single roof.