Telematics is a word that has grown in popularity over time. It combines automotive technology with computer science and creates new opportunities in the fleet management sector. The range of functions already available in fleet management today is nothing less but amazing.
Besides that, the benefits provided by vehicle telematics are endless. The upshot is greater operational efficiency, improved flexibility and all-around better results. Not surprising, that the telematics technology has exponentially expanded. In 2022, the global vehicle telematics market is expected to be sized at around 103 billion U.S. dollars.¹ The market is highly competitive and consists of a significant number of major players. That’s why it’s important to stand out of the crowd. Here are the latest trends and how you could differentiate from your competitors.
Focus On The Driver
One of the most noticeable trends in telematics has been a shift from vehicle location and routing to solutions that are focused on the drivers and their safety. Businesses collect and analyse fleet data to gain insights into what drivers are doing. Improving safety by monitoring driver behaviour—that’s the keyword. Continuous feedback regarding driving style and driving behaviour can reduce unwanted driving habits such as speeding or harsh braking. This may reduce collisions and accidents.² Of course, insurers are interested in this data.
Data & System Integrations
When speaking about trends in this field, data integration is one big part. It’s the drive to ensure that fleet management systems can communicate with one another. Nowadays, efficient fleet management is not possible without synchronising key telematics data with the company’s existing fleet management system. Fleet owners are able to generate a far more accurate reflection of fleet performance, when various elements within the fleet chain are connected.
The Rise of the Internet of Things
The IoT is set to impact further on telematics. As fleets use increasing types of technology to control their fleet, technology companies are developing software to enable seamless integration solutions. That’s exactly where Tapkey comes into play. Smart access isn’t just for doors of smart buildings or offices.
Tapkey’s Lock SDK can be integrated into on-board control units or telematics boxes, sometimes referred as “black boxes”. Once integrated, it makes a vehicle sharable. A fleet manager can grant access to a driver and the driver can simply unlock the vehicle with a smartphone. It’s a good possibility for leading telematics companies, like Ruptela, Teltonika, Geotab or Navtelecom, to upgrade their top notch products. They can help businesses determine how to make their services more timely and efficient.
Besides tracking the GPS position or fuel consumption, you can check if the vehicle doors are closed or open. Remote control of certain vehicle functions such as door lock/unlock becomes easy and saves a lot of time.
More fleets are recognising the need to monitor fleet activity to control costs and boost productivity. That’s why telematics companies need to be up-to-date and keep up with the trends. Mobile access control is definitely one part of it. By embracing modern technologies, forward-thinking telematics companies can stay one step ahead of the competition. What are you waiting for? Contact us now.