RISK MANAGEMENT AT EVERY TURN
As technology has advanced over recent years, vehicle telematics has evolved from an expensive track-and-trace system to a sophisticated, affordable way to manage vehicle fleets, Developments in consumer technologies such as cell phones, computers, wireless networks and GPS navigation systems have given vehicle telematics refined functionality that fleet operators and risk managers only dreamed of 10 years ago.
Modern telematics devices combine GPS, WiFi, cellular communications, Bluetooth, three-axis accelerometers and even video into small, sleek packages that gather raw driving behavior data that can then be overlayed with geographic information systems (GIS) mapping data, such as road type, weather and speed limit. These devices continue to gain acceptance in the marketplace while hardware and data subscription costs continue to drop. Now more than ever, telematics can be a useful tool.
Value for Fleet Operators and Risk Managers
Telematics devices offer fleet operators and risk managers insight into driving behaviors, including the ability to recognize good drivers, identify risky drivers who should not be behind the wheel and develop training programs for those who need improvement. This can help fleet operators save 10% or more on fuel costs by reducing the time vehicles are left idling, managing the routes taken and monitoring the behavior of aggressive drivers on the road.
Moreover, installing telematics systems into vehicle fleets can not only help to reduce the number of accidents by 20% to 30%, but they can increase operational efficiency by at least 10% through improved logistics, back-office administration, maintenance …