Fleet management solutions continue to gain traction in the internet of things (IoT) space
According to a recent report from Swedish research firm Berg Insight, fleet management and mobile resource management is the most popular use case for major cellular IoT deployments globally in terms of the number of projects, followed by retail applications, aftermarket automotive and OEM automotive as well as smart homes and buildings.
Fleet management solutions are telematics-based services that allow companies in the transport vertical to track their vehicles in real time, reduce operative fleet costs, protect personnel and assets and increase productivity.
These solutions allow companies to monitor the geographical position of the vehicles, ensuring compliance with established routes and schedules. Fleet management solutions also optimize working times and reduce fuel costs by controlling routes and work processes.
“Data and diesel move the supply chain,” Omitracs’ VP of Data and IoT Solutions, Brad Taylor said during a presentation at the Enterprise IoT Summit, which took place in Austin, Texas, earlier this year.
The executive said that the firm’s solutions use routing algorithms to guide planning and timely deliveries as well as predictive analytics, which allows companies to avoid potential risks.
Omnitracs is a provider of fleet management, routing and predictive analytics solutions for private and for-hire fleets. Omnitracs deliver software-as-a-service-based solutions to help more than 50,000 private and for-hire fleet customers manage nearly 1,500,000 mobile assets in more than 70 countries. Omnitracs’ portfolio includes solutions for compliance, safety and security, productivity, telematics and tracking, transportation management (TMS), planning and delivery, data and analytics, and professional services.
Taylor also said that fleet IoT data is evolving and also highlighted that data transmission per vehicle will continue to grow. During his presentation, the executive also said that advanced driver-assistance systems (ADAS) will cause exponential growth in safety events and that regulatory standards for fleets are getting “smarter”.
