By Deniro Stocks
In the age of modern technology, connected car data analytics is evolving and increasingly allowing fleet managers to access powerful insights to enhance their fleets. Through connected car analytics, fleet managers are able to identify incidents such as speeding, accidents and servicing updates, as well as improve location tracking, all in real-time.
But what is the real impact of connected car on businesses? Using remote engine diagnostics, fleet managers across the world are provided with real-time information on the performance of their company vehicles. iungo CEO Roy Cooke says that connected car devices are improving driver behaviour in the workplace.
“By connecting vehicle data to cloud software, connected car analytics can provide a range of powerful, real-time services for vehicle fleets of all sizes. Real-time vehicle monitoring, accident notifications and speeding notices are just some of the connected car services that fleet managers are using to enhance their fleets.”
For employers, preventing speeding is a particularly important issue as they attempt to avoid the incurred costs of fines. In New South Wales a speeding offence can cost a business up to $2,200, plus the added hassle of completing paperwork. Having a built-in connected car device could prevent speeding offences from occurring. Cooke says that speeding notifications can be sent to employers to monitor employee driver behaviour.
“Speeding can be an issue in any business and obviously any fleet manager wants to make sure they can avoid the added cost and hassle of speeding offences. With connected car analytics, employers can elect to be notified when an employee is speeding, removing the hassle of going through tedious paperwork.” said Cooke.
Unauthorised after-hours usage of company cars is another cost that employers would like to reduce. The advancements in connected car data and technology however, have resulted in geo-fencing functionality; allowing employers and fleet managers to review the driver’s movements and receive alerts when they go outside of a pre-set perimeter or time. Employees’ would not be able to use the company car outside of office hours without being monitored. This added benefit of connected car analytics prevents employers from incurring additional costs through unnecessary fuel consumption, wear and tear and other hidden costs.
“Employers in medium or large-scale enterprises have difficulty knowing when their vehicle is being used during office hours. Using connected car data, businesses can avoid added costs and additional paperwork. In some cases, employers can be notified when a driver has travelled outside of a set radius. Employees won’t be able to use the company car as extensively as they would like and by monitoring company car usage, employers can restrict car usage.” suggested Cooke.
Connected car data can also identify when a company car needs to be serviced or has been in an accident, in real-time. For employers, this means staying in control of their costs when managing their vehicle fleet, by avoiding unnecessary breakdowns in advance.
If you would like to know more about how connected car analytics reduces fleet management costs, you can contact
Roy Cooke is one of the joint co-founders of iungo who are solving fleet optimisation through constant innovation. iungo’s mission is to develop a safer, greener future for business.