Every day, several fleet vehicles travel through roads, carrying goods that power the global economy. It includes commercial vehicles, vans, and heavy-duty trucks. Any business can attain profits by arranging for fleet management with advanced technologies to modernize the process.
You have to coordinate multiple factors for effective fleet management. It includes vehicle acquisition, specification, and maintenance. You also have to hire trained drivers and technicians, plan correct delivery schedules and routes, work with a stipulated capital, and manage through erratic economic conditions and rising fuel costs. All these things need to be done as you stay updated with the latest fleet management technologies.
Precedence research shared that the global fleet management market will expand at a CAGR of 10.2% between 2023 and 2032. The market size was estimated to be $22 billion in 2022 and surpass $57.84 billion by 2032. In this article, we will discuss the latest technologies that are shaping this domain for the future.
Leading Fleet Management Technologies to Consider in 2024
By implementing advanced technologies, you can enhance your fleet management. It helps you track your vehicles, check their performance, and ensure that they are functioning correctly. Here are some of the crucial technologies to count on for 2024.
Telematics
Telematics technology is a blend of information and telecommunication. It can help with vehicle navigation, tracking, and remote diagnostics to improve fleet industry offerings. So far, its adoption has enabled fleet managers to precisely track the driver’s habits. There are several advanced tools and technologies, such as dashcams, GPS, and sensors, that lead to correct tracking.
Telematics adoption has helped fleet management operations advance. It offers exact real-time updates and a secure experience. Additionally, it helps other connected departments, such as insurance claims. It can predict breakdowns and upkeep to offer timely maintenance, allowing fleet managers to save on overall expenses.
Fleet Hoster states that leading names in this niche can regulate and manage the fuel consumption of your fleet. They specialize in correct alerts and rules to optimize routing, minimize idling time, and address speeding issues. They also offer driver training tools and comprehensive reports to promote fuel-effective driving behaviors.
Electronic Logging Device Compliance Systems
Driving needs focus. But drivers can lose their concentration because of long working hours. Hence, it can place a loaded vehicle, the driver, and other people at risk. Here, innovative technologies such as the ELD (Electronic Logging Device) can help.
It helps to keep track of the total service hours. The technology can effectively substitute paper logging. The fleet managers can opt for this technology and provide precise drive time recording. It helps to generate increased ROI without imposing risk on anyone’s life.
Robotics
Incorporating robotics technologies into your fleet management business will make it future-ready. Drones and autonomous vehicles have an important role to play here. They offer cost savings, higher efficiency, enhanced safety, and advanced monitoring capacities. Autonomous vehicles can help with delivery services and the transportation of goods without human intervention.
Multiple cameras, sensors, and innovative navigation systems can improve what autonomous vehicles have to offer. Additionally, platooning is another domain of robotics that is gaining prominence. It enables the vehicles to interact with one another using wireless communication. As a result, there is a safe distance and a consistent speed between them.
Near Field Communication (NFC)
It is another advanced technology that helps fleet managers effectively monitor, track, and control vehicles. The NFC stickers have distinctive identifiers that enable precise asset tracking within a fleet. These devices scan and read distinctive codes. Apart from vehicle tracking, it is also effective in recognizing vehicle maintenance data, drivers, and much more.
It allows drivers to tap their card or tag on the vehicle to confirm their identity and authenticate their authorization to use it. It helps maintenance personnel scan NFC cards on vehicles and their components to assess their warranty details, history, and replacement schedule. Saving NFC data on the cloud platform allows authorized users to have access to it centrally.
Augmented Reality (AR)
Right from the loading point, secure driving, and unloading point, augmented reality is applicable in all aspects. That aside, AR via wearable technology ensures easy maintenance and repair, which can minimize the expense by a large margin. Additionally, it also helps to improve driver assistance and training.
Furthermore, scanning every cargo, ensuring it loads correctly, and other similar activities can take up ample time. But when you resort to AR tools, freight loading gets simplified.
Using AR smart glasses, the truckers can view and evaluate any issue at hand. They can also leverage visual insights provided by repair apps to resolve minor problems without the intervention of an expert technician. Furthermore, AR applications can offer online assistance to shed light on truck stops, repair shops, and garages that appear on the way.
In conclusion, we now know that integrating advanced fleet management technologies can help to streamline operations and maximize profits. It also helps to identify and resolve current loopholes and introduce new features to increase your team’s efficiency. But it’s necessary not to opt for a generic solution. Instead, take a look at what you need and search for a service provider that can fill in the gap.