Transforming The Future of Fleet with IoT

Transforming The Future of Fleet with IoT

Transforming The Future of Fleet with IoT
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With commercial fleet programmes becoming more complex, technologies such M2M communication and IoT will enable introduction of even more advanced business practices and change the nature of fleet management in the future of mobility

From little two-wheelers to the mighty multi-axle trucks, machine-to-machine (M2M) and Internet of Things (IoT) are increasingly being deployed to gather and transmit useful information that could be analysed for optimum vehicle utilisation. For commercial fleets that call for seamless cross-border operation of the trucks to succeed, technologies such as M2M communication and IoT will enable introduction of even more advanced business practices and alter the nature of fleet management in the future of mobility.

SIMPLYFYING COMPLEXITIES
Cellular services have often been the choice of communications technology among fleet operators that work tirelessly across geographies. Such cellular services might come in handy while managing accounts and monitoring usage for one or a few vehicles. However, a company plying thousands of vehicles necessarily requires IoT/M2M experts that have an in-depth understanding of specific requirements in the region. With commercial fleet programmes becoming more complex - from the simple need to manage inventory, routing, and fuel costs while moving towards the destination - requirements have graduated to mission-critical reliability and demand innovative market differentiation riding connectivity. IoT/M2M platforms enable the development of more sophisticated ordering, tracking and supply chain systems that increasingly integrate truck loads with customers in real-time. For a market like Europe, fleet owners and operators are seeking more reliable connections, with flexible rate plans and seamless coverage across many geographic areas and remote locations.

On-board fleet management solutions by companies such as Aeris Communications are helping fleets in overcoming a variety of challenges above and beyond the projected cost reductions and efficiency gains across the world. Such companies not only recognise the needs of the ever-changing fleet industry keeping a sharp eye on the regulatory framework, but also offer them at a competitive cost. Factors such as tightening emission norms, newer standards for driver monitoring require compliance from fleet managers, thus demand rapid implementation of value-added services, service reliability and availability for improved customer experience. According to Aeris, IoT/M2M systems enable the development of applications that can identify vehicle issues and instantly notify drivers about maintenance requirements in order to avoid costly repairs and roadside breakdowns.

TRENDS WITH FLEETS
Analytics by big data enables fleet management systems to offer sophisticated information in the form of applications that can be customised as per individual companies. Cloud-based IoT/M2M data management platforms allow fleet managers to refine their respective operations as they can now access reports on temperature, traffic congestion, road safety, mileage and fuel costs on applications in real time. New systems integrating such critical information also provide the drivers instant feedback on safe driving practices and avoid any possible error like speeding, fast cornering, hard braking or achieve better mileage. With IoT/M2M communications, drivers can also receive updates on a variety of truck performance metrics that can lead to improved efficiency, safety and overall condition of vehicles along with maintenance requirements in order to avoid costly repairs and roadside breakdowns.

ROUND-UP
Strict regulatory framework such as tightening carbon emission rules, new standards for drivers always keep fleet managers on their toes to upgrade fleets or even replace vehicles. Moreover, the ability of IoT / M2M systems to deliver instant driving data from a variety of sources creates multiple insurance-related benefits for both truck owners and insurers. For truck owners, IoT/M2M systems can fast-track insurance claim processing and efficiently help resolve claims. On the other hand, premiums can be calculated on actual usage by insurers as well as based on driving behaviour to reduce costs.

Anirudh Raheja
Author: Anirudh Raheja
A technology lover by passion, and an automobile journalist by profession. Anirudh has been networking extensively with key industry stakeholders to understand the diversity of automotive industry and keeps himself abreast with the industry developments. He is always keen to learn new things and skills that keep him 'Committed, Resourceful and Motivated'. He tweets @itsme_anirudh