The power of the IoT is being harnessed in every possible way to make the world more connected. This interconnectivity enables us to control every connected object despite being miles away. Just think how smart home apps enable you to control the thermostat from your mobile device. And it continues to expand into new areas like healthcare, retail, agriculture, security, disaster management etc. Fleet management is just the latest industry to be transformed, connecting vehicles and drivers like never before.
In logistics, the supply chain is made up of various stakeholders including manufacturers, transport companies, and retailers. Information sharing and connectivity is essential for all of them. Therefore, IoT has an important role to play in this industry.
Internet of Things in fleet management currently works through 3 main technologies – RFID, GPS and OBD II’s. RFID helps control and track products while GPS and OBD II’s make it possible to obtain real-time information on routes, vehicle maintenance, and driving conditions.
IoT technology has made the fleet management industry efficient in the following ways:
- Gain Greater Visibility: IoT has the ability to collect data from various sensors. This enables fleet management companies to get useful insights into driver behavior, adherence to laws, fleet performance, vehicle speeding and idling etc. Automated fleet management enables the fleet managers to know where vehicles and drivers are at all times, identify potential problems much sooner and mitigate risks before they become larger issues that can jeopardize client satisfaction, impact driver safety or increase costs.
- Competitive Advantage - Cleaner, Greener Operations: Proper implementation of IoT reduces overall costs by optimum utilization of resources and improved performance. Excessive idling time and over speeding not only causes unnecessary wear and tear; they can waste money and can also be harmful to the environment. Collecting, sharing, and acting on real-time information helps a company make quick decisions and instant improvements.
- Perform Preventative Maintenance: In addition to gaining better insight into driver behavior, connectivity to all vehicles also lets you monitor the health of the fleet from any device. With alerts for service needs like low battery, coolant temperature, check engine, inspection reminders and other factors, you can provide the preventative maintenance to keep your vehicles running safely for longer.
- Leverage a Vast Amount of Data: Each day, fleets generate an enormous amount of information regarding things like fuel consumption, miles logged, speed tracking, vehicle utilization and much more. Before IoT, much of this information had to be collected manually, if at all, resulting in significant lags between when an issue occurred, when it was noticed and when something could be done about it. However, IoT has ushered in an era where vehicles, driver devices, and office technology are connected in real-time. As a result, fleet managers can not only collect, analyze and understand all of the data from their fleet but act on it as soon as possible.
- Process Automation: Internet of Things also allows logistic companies to move daily operations into the cloud and helps remote tracking of fleets at any time from any place. It also helps automate scenarios like broken down vehicle that send automatic tickets to tow trucks; driver receives weather warning notifications, automatic rerouting etc.
These benefits will excite any logistics industry for using of IoT in fleet management. And the technology is still evolving to face new use cases from the companies, Internet of Things will become the lifeline of the fleet management industry.