Riding the Learning Curve of IoT and Fleet Telematics


Riding the Learning Curve of IoT and Fleet Telematics

Remember when…

  • You relied on paper logs for mileage tracking?
  • You serviced your vehicles more often than necessary (just to be on the safe side)—or not often enough (‘cause if it ‘ain’t broke, you didn’t fix it)?
  • You got worried about unauthorized use of your business vehicles and had no way to prove it?

Sure you do! But do these “memories” actually describe your status quo? That’s OK, because plenty of business owners are in similar situation.  The Internet of Things is just beginning to pick up speed, and along with it, the interest of company decision-makers who are eager to know how to start leveraging new technologies for fleet management.

Take a ride with Mike

That’s why we’re here. Journey with business owner/fleet leader “Mike” as he wraps his head around the IoT and fleet telematics:

Mike’s been hearing a lot about the IoT and how it’s changing the world, one connected device at a time. He’s heard that by 2020, 25 billion connected things—from coffee machines to tire sensors—will be in use (Gartner) and the worldwide market for IoT solutions will grow to $7.1 trillion (International Data Corporation [IDC]). And he’s read that also by 2020, IoT product and service suppliers are expected to generate incremental revenue exceeding $300 billion, resulting in an economic impact of about $1.9 trillion, with significant dollars in the transportation industry (Gartner). There will, after all, be a quarter billion connected vehicles on the road by then (Gartner).

For Mike, the message is loud and clear: as a business owner/fleet leader, he’s got to pay attention to how this IoT connectivity will affect his business and job. Will his vehicles get connected? What does that mean for the way he manages his vehicles and drivers? How will he know what do to and when to do it? He’s excited but a little overwhelmed.

Mike realizes that it all of this doesn’t need to stress him out—that it comes down to knowing how to make use of the data that’s unleashed through fleet telematics. The auto industry, in fact, was expected to become the second-largest generator of data in 2015 (McKinsey Global Institute), making it easy to see why the global IoT market in the transportation sector is expected to reach $195 billion by 2020 (Technavio).

When Mike’s fleet is connected through the IoT, he’ll get access to data (all sorts of it!) telling him, for example, where his drivers are in real-time along their delivery routes or if any vehicles are excessively idling and making inefficient use of resources.

This is really useful information for Mike, who’s grappling with many of the Top Challenges for Small Businesses with a Workforce Behind Wheels—scheduling concerns, competitors, high operational costs—and needs to start making better business decisions.

Mike gets excited about these 5 Ways the Internet of Things is Revolutionizing Fleet Management.

Mile is ready to join the progressive leaders like Phil Schiavone, Nagle Athletic Surfaces and Todd Faden, Faden Builders who have invested in smart IoT technology to increase productivity and drive business results.


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