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Fleet Sharing: The Next Generation of Vehicle Telematics
By Embedded Advisor | Thursday, November 22, 2018
Fleet represents both an expense and investment for the business. A CFO (chief financial officer) needs to establish the business to demonstrate the sound rationale for investing in fleet management. Investing in fleet falls heavily down to what it costs to procure the vehicles, to maintain, and manage throughout its lifespan.
Earlier, when vehicle telematics was introduced, there existed a debate between whether it was beneficial to the fleet or not. There are some objections to vehicle telematics such as Big Brother theory, not knowing how to manage or overcome it. On another face of the coin, some businesses believe that there is no question if this technology is to be used. Big Brother theory is supposedly the largest concern for businesses, whether or not to implement telematics for operations. Drivers think that this might disturb the privacy concerns and may lead to the growth of distrust from the management.
Few Telematics Companies:(Dickinson Fleet Services,EquipmentShare,NexTraq)
According to Debunking theory, the reason behind implementing vehicle telematics is not to trouble the employees, interfere into the privacy, or show distrust. Rather, it is to improve the business. Performance of the drivers can be calculated to enhance the productivity and safety measures. In turn, it can escalate the company’s bottom line. AThe sales managers will have to review the recorded calls and plan the strategy for the next sale. Most of the fleets have a negative approach to vehicle telematics as it is too expensive to bear and allot a room in the budget for this technology. It is important to consider long-term profits that are achieved by vehicle telematics technology. About 500 percent of ROI is delivered upon the fullest use of telematics software. Vehicle telematics as a security tool reduces the costs, risk, and increases the revenue.
Vehicle telematics takes the organization and planning ahead successfully. Vehicle telematics, in the end, is worthy. With this technology, vehicle location, speed, and the driver activities can be tracked.
Check This Out: Top Telematics Companies
