IoT has become one of the most important tools of modern technology over the past decade, and particularly in the last few years. We now have more access to technology and more data than we could ever imagine with devices connected in a low-cost and analytical manner. People, processes, and things can communicate seamlessly with the IoT.
IoT in the fleet industry has brought impactful changes in its operability by making fleets smarter and more efficient. Real-time tracking of fleet locations and conditions is made possible by IoT-based sensors. Furthermore, they contribute significantly to the analysis of other fleet factors, including the truck’s speed and braking system.
An IoT-based fleet management system minimizes a variety of problems, such as a lack of real-time supervisory information about the fuel consumption, delayed shipments, and truck driver management.
Take a look at the blog to learn more about market drivers for fleet management, obstacles to IoT fleet management, benefits of IoT technology and use cases for IoT in fleet management.
Market drivers for fleet management
In the past few years, fleet management has undergone more changes than in the previous decade. This was made possible by:
- Increasing computing power, the development of wireless communication technologies, and the use of cloud storage are all contributing factors. In real-time, large amounts of data can be exchanged.
- Machine learning and AI technologies are readily available. Advanced analytics, process optimization, and control are provided by them.
- Data distribution on a mass scale. Businesses can collect more comprehensive information about their fleets and logistics with the help of sensors, telematics, and other IoT technologies.
Overcoming IoT fleet management obstacles
A variety of complex challenges are faced by fleet managers, and IoT fleet management provides solutions. To operate an efficient fleet, it is necessary to track vehicle and driver information and use the data collected in real-time to make informed business decisions.
With so many fleet management solutions available today, IoT fleet management can help companies overcome many of the challenges they face. Using an IoT fleet management solution, companies can improve driver safety, optimize routes, and manage vehicle maintenance more efficiently.
– Driver safety
Fleet managers can monitor driver behaviour using in-vehicle video technology to improve safety and mitigate risk. Previously, driver management technologies monitored driving behaviours like harsh braking, acceleration, and sharp cornering.
As a result of artificial intelligence technology, certain types of unsafe driving behaviours can now be detected, including smoking, mobile device use, impaired driving, and fatigue. Real-time in-cabin alerts can also be provided by in-vehicle video solutions to warn drivers of dangerous conditions.
– Stolen vehicle recovery
Trackers with cellular and satellite connectivity, GPS, and location tracking software are among the IoT fleet management solutions for stolen vehicle recovery.
Real-time tracking, monitoring, and notification are essential for recovering vehicles before they are illegally sold, stripped for parts, or disposed of. It is also possible to prevent vehicle theft with technology that allows vehicles to be remotely disabled.
– Vehicle maintenance
IoT fleet management solutions can be used to measure vehicle performance, preventing costly breakdowns. By scheduling preventative maintenance in advance, fleet managers can avoid interruptions to operations. Maintenance and repair requests can be automatically sent as a result of diagnostic monitoring and notifications.
– KORE
Fuel, maintenance, and other operating costs must be reduced while fleet managers maximize vehicle utilization. With KORE IoT fleet management, you can improve the productivity of vehicle fleets while keeping drivers safe, all with one solution.
What are the benefits of IoT technology for fleet management?
The process of fleet management encompasses many aspects. The first is a vehicle and maintenance monitoring, and the second is driver management. It is extremely difficult, if not impossible, for fleet managers to manually track devices or critical metrics across hundreds of vehicles.
Big data, telematics, the cloud, and the Internet of Things are revolutionizing fleet management for freight and transportation companies worldwide.
Fleet management systems automate manual work, increase the efficiency and productivity of the fleet, and ensure traffic control and driver safety. For fleet management, IoT solutions can provide all this.
It requires significant resources to implement IoT for fleet management. Upon completion, the organization will reap the following benefits:
1. Enhanced vehicle tracking and routing
IoT applications designed for vehicles make telematics an effective part of intelligent fleet management. Vehicles can be tracked 24/7 and rerouted if needed. This simplifies scheduling, speeds up and secures routing, and lowers costs. Real-time visibility helps you stay on top of changes in case of emergency, such as receiving immediate notifications in case of car theft.
2. Task and process automation
Automation ensures the safety of assets, including drivers and vehicles, in intelligent transportation systems. Since approximately 90% of accidents are caused by human error, automation is considered the ideal solution to reduce risks. With smart fleet management solutions, all connected devices can receive automatic notifications.
In case of traffic congestion, weather disruptions, or any other reason, drivers are notified in real-time. IoT automation also allows trucks to notify nearby fleet operators and service stations in the event of a breakdown or accident.
3. Modernized vehicle maintenance
Your company’s budget will not be burdened by fleet maintenance and vehicle lifecycle management with IoT. Using a fleet management system, you can establish a preventive maintenance schedule to reduce maintenance costs and extend the life of your vehicles.
To help shape the best maintenance schedule, managers can track vehicle downtime caused by breakdowns, towing, and emergency repairs. Fleet management solutions such as Oracle IoT for fleet management enable companies to integrate fleet data with existing CRM, payroll, and supply chain management systems.
4. Analysis of engine performance and fuel efficiency
Vehicle engines and fuel efficiency can be monitored with IoT solutions. Using connected devices, one can find out, for example, the total distance travelled by a particular vehicle and its speed, based on data recorded by the digital tachograph.
Fleet managers can monitor fuel consumption in real-time using IoT sensors integrated into their existing telematics systems. It helps track idle speed, which consumes fuel and increases emissions at the same time.
5. Perfect delivery management
A major use of the transportation industry is being made by online shopping malls driven by the Internet of Things. According to Inbound Logistics, fleet managers can automate delivery times with cloud-based GPS and RFID technology.
As an example, AWS IoT Fleet Management tracks assets and notifies them when they enter geofences. Consequently, the department will be prepared for cargo arrival and processing time will be shortened.
6. Driver safety control
All fleets prioritize driver safety. By using IoT sensors, fleet operators can monitor engine start/stop frequency, braking behavior, accelerator mode, and even sleep mode. Driver coaching and safety training can help fleet managers correct unwanted behaviour.
Furthermore, sensors can monitor drivers’ fatigue and how much time they spend on the road. IoT traffic management solutions also reduce indirect costs by saving on insurance.
7. Satisfaction of passengers increased
Drivers can monitor their estimated arrival time with GPS fleet tracking software and telematics.
According to the latest data, GPS tracking of the vehicle fleet has improved customer service by 54%. Wi-Fi, newsletters, and contactless ticketing enhance the passenger experience.
8. Service calls optimized
When there is a need for a service, IoT sensors in service-oriented devices can signal that. In addition to reducing service costs, condition-based monitoring enhances customer service accuracy and quality.
9. Predictive fleet maintenance
Al-powered fleet management software can make predictions based on conditions such as weather, traffic, road quality, and driver behaviour.
By analyzing collected data, specific failure scenarios can be identified based on the condition of individual vehicle parts and vehicle operating conditions. By learning from new datasets, even an unprogrammed system can interpret processes correctly.
10. Regulation compliance
With the Internet of Things, the fleet management business can comply with government regulations governing pharmaceuticals and food, which are subject to strict and constantly changing regulations.
In an intelligent supply chain, for example, reliable temperature range control data is generated for weather-sensitive products and shipments are monitored within a specified timeframe. As a result, perishable food can be delivered safely and securely thanks to the sensors inside the car.
Which IoT technologies are used to manage your fleet?
Among the three fundamental technologies in fleet management, GPS, RFID, and OBD II provide real-time vehicle data and statistics, while the latter provide asset tracking information.
- GPS provides real-time access to vehicle-related statistics and data. In the event of an emergency, this technology is also useful for tracking and managing vehicles and assets. Users of GPS fleet tracking report positive ROI within six months.
- RFID device consists of a wireless microchip attached to an object and emitting radio waves. Using RFID readers, marked objects can be tracked, identified, and controlled automatically and in real-time via the Internet terminal.
- OBDs or Onboard diagnostics are systems that monitor and adjust a vehicle’s operation. All engine-related problems are monitored and data is transmitted on the operation of the system.
What can HashStudioz do to help you grow your business?
HashStudioz Technologies Inc. specializes in software development, including IoT solutions. Regardless of whether you’re just beginning your Internet of Things journey or trying to scale an existing one, we will consider all your requirements and apply an extensive set of technologies.
Our fleet management software offers a flexible, hardware-agnostic IoT architecture to connect all assets – sensors, items, containers, equipment, vehicles, and employees. In this way, you can manage your entire logistics infrastructure from one place.
With our IoT dashboard, we can collect all vehicle fleet data for you. Our IoT software also analyzes incoming data efficiently, is compatible with gadgets, and is geofenced. To optimize your fleet management strategy, we can integrate advanced technologies such as augmented reality, blockchain, and cognitive recognition into your custom solution.
By using IoT fleet monitoring cloud services, you can make your operations more cost-effective and sustainable. HashStudioz will ensure the safety of fleet management IoT data collected. Also, HashStudioz Technologies Inc. is a leading provider of IoT mobile app development services.
Conclusion
Businesses need IoT fleet management software to improve their financial performance. In addition, as technology advances, its capabilities expand far beyond their intended uses. Consequently, fleet management professionals are implementing IoT solutions for fleet management as they move from simple inventory tracking to more complex requirements.
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As each business case has its own goals, each Internet of Things system has its own needs, including the needs to connectivity in terms of range, data throughput, latency, etc.IoT applications are emerging in various verticals or application enablement platforms.
Connected cars are already being provided by numerous automotive players, while other smart solutions & services are being developed, such as connected factories & smart agriculture.
As early IoT adopters, various telecom operators are, together with other IoT ecosystem partners, already providing smart services beyond the mobile broadband connectivity.
Global IoT connectivity is the key enabler of digital business transformation.
This leads to informed business decisions.Before choosing Internet of Things connectivity optionsInternet of Things connectivity management services varies in range, power consumption, reliability, cost, bandwidth, & scalability capabilities.
Various options need a specific environment, for instance, closed space with little electromagnetic interference, & is completely useless in other environments such as underground or outdoors.
