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Here is what the future of fleet management is going to look like with VR and IoT

Hey, do you wanted to know what is the future of fleet management. Let’s get started!

Fleet Management:

Fleet management is a regulatory methodology that permits organizations to sort out and arrange work vehicles with the expectation to improve productivity, decrease costs, and furnish consistency in accordance with government guidelines.

 Fleet Management Software:

Fleet management software allows a company’s management and dispatchers to track all vehicles from a central location. And an advanced fleet management software not just allows tracking visibility but provides real-time analytics-driven fleet management to increase the profitability, reduce carbon footprint, curb the inefficiencies and thereby enhances the safety and productivity of the fleet management operations

 Who needs fleet management software?

Any company that has the fleet of vehicles who is striving to increase the productivity and profitability, and adapt the best to survive will eventually need the advanced fleet management software

In today’s contemporary business era, logistics are getting more complicated and technology should become an invaluable tool for the fleet management organizations

In order to ensure the activities of your company, one needs to use reliable vehicles that are sufficiently powerful and at the same time economical and precisely adapted to your conditions.

 Fleet management in today’s world

In contemporary, local ride hailer management systems like Ola and Uber are taking the advantage and necessity of fleet management to meet the advancements and ease in taking a ride, which is as simple as that. And developed their own tracking management system henceforth which shows the importance of fleet management system.

 Significant problems of the Fleet management in today’s world

 If you are a fleet management owner, the most likely problems that you can be facing would be, fuel pilferage, unsafe driving practices and driver behavior, inefficiency in time management, downtime rate, etc.,

In such struggling scenarios, internet integrated monetization becomes vital

A survey of Fortune business sights says, the global fleet management software market is valued at million US 16 Bn in 2019 and will reach million US 46.6 Bn by the end of 2026, growing at a CAGR of 16.5% during the forecast period of 2020-2026. Mining, oil & gas, state transportation, logistics and transportation, FMCG and retail are the major end-users of telematics and fleet Management Systems. 

And here comes the advanced fleet management software for the future of fleet management system,

Though its near future or a far one, the transportation necessities cannot be extinct since they are as needy as the basic needs and to talk about the future of fleet, this COVID-19 pandemic will increase the stipulation of the delivery services, thereby demand for better fleet management services

Hence to talk about the future, for a fleet management to expand and excel better, a better fleet management software is a requisite. But what does this fleet management software do,

 Benefits of Fleet Management Software

 Fleet management owners are reliable on fleet management software because they work on cutting-edge of many productive and profitable factors like

·       Cutting down fuel pilferage

·       Fuel management

·       Visibility into basic boundaries

·       Downtime

·       Safety guidelines

·       Driver behavioral activity

 Fuel Management:

With the advanced fleet management software one can know the amount of fuel that is consumed, number of refills, fuel pilferage, mileage of the vehicle in which software is installed, etc.,

Visibility into basic boundaries:

Like the amount of fuel in the tank, route of the journey, the temperature at which the goods are being carried, vehicle scheduling and delaying factors, etc.,

Reduce vehicle downtime:

By tracking various maintenance activities like getting alerts on next scheduled servicing time of the vehicle, spare part replacement due, etc., one can easily figure out the price ranges and expenditure activity on fleet management

Safety guidelines:

Safety guidelines are the prerequisite for any fleet management, and they can be achieved in sync by the fleet management software

Driver behavioral activity:

One can also apt the driver behavior like whether there is a harsh acceleration, harsh braking, over speeding, driver behavior and the risk profile of the driver the management

Actionable insights, that will allow you to take necessary actions

 These basic parameters will give you an advanced ideology of how price quotes and negotiations can be made keeping in mind about all the expenditure and thereby increases the profitability of the management since telematics continues to dominate the current fleet spaces

The right synergy between technology and transport can optimize fleet operations to a great extent and cyber security will be an ongoing concern for fleets as vehicle connectivity continues to develop in the coming years.

How IoT software helps fleet management?

This less than a 30 minutes time-consuming software, for it to install, will be definitely a boon to the fleet management owners as

·       They run more efficient operations with optimized maintenance,

·       Improves customer satisfaction through on-time delivery, higher quality of service,

·       Increase overall business visibility, improving invoicing accuracy and time management through its actionable insights,

·       Improve fuel efficiency through optimized routes and vehicle maintenance,

·       Monitor driver performance

·       And many benefits, the list goes on…

 Conclusion:

Again, falling into the future, Post Corona, human to human interactions will be reduced significantly and this is the best time and practice for the technology intervention which enhances the productivity of the fleet

And hence, the future of fleet management is the IoT driven, real-time analytics and, actionable insights producing software application. Wondering how?

The future of fleet management is at your doorsteps through E3iq. As a pioneer in the VR industry, E3iq has helped several enterprises develop connectivity solutions to help drive their business forward. Curious to know more about IoT & VR based fleet management? Don’t hesitate to connect us! Stay tuned for your better growth. Because growth is inevitable in the world!!