IoT in fleet management is one emerging technology that everyone should get their hands on. Today, the Internet of Things (IoT) is the fastest-growing technological trend and offers the benefit of connected infrastructure.Â
One not-to-mention benefit of IoT is fleet management and shipment tracking. Fleet operators all around the world have started leveraging the benefits of integrating IoT into their everyday fleet operations.
PsiBorg specializes in developing IoT based fleet tracking and management solutions, so what’s better than hearing straight from experts about the use cases and benefits of applying IoT in fleet management?Â
Let’s get started!
WHAT IS IOT FLEET MANAGEMENT?
Managing a pool of commercial vehicles can be a challenge, so it is important to control the entire lifecycle of commercial vehicles alongside reducing associated risk, improving efficiency, increasing productivity, and ensuring compliance with legislation. IoT in fleet management can very well automate the fleet of vehicles and make the process hassle-free.
However, fleet management is required mostly by logistics service providers, e-commerce delivery, courier services, oil and gas delivery, utilities, repair, and service industry businesses to ensure responsible vehicle use, confirm safety, and enable real-time tracking. Although commonly associated with delivering cars and trucks, the boating industry uses fleet management technology as well.
Challenges in Manual Fleet Management
The traditional fleet management task is filled with various challenges.
Some of the major concerns of a fleet managing business are:
1. Drivers Health & Safety
Offering safety to drivers is very necessary. This involves monitoring the road behavior of drivers while using vehicles.
2. Fleet maintenance and compliance
It is always difficult to make sure the vehicles and goods are in better shape. But to know that in real-time, phone calls will always not work. Using IoT solutions for fleet management, predictive maintenance can be performed.
3. Fuel Management
A large fleet requires a lot of fuel, but proper fuel management can help ease these expenses. IoT sensors for fleet management properly analyzes fuel usage. This helps in optimizing usage and saving fuel.
Now that you understand the challenges that an IoT fleet management solution solves, let’s understand how the system actually works.
HOW DOES IOT BASED FLEET TRACKING SOLUTION WORK?
Fleet management using IoT helps companies gain competitive advantages by automating processes on a cloud-based platform and providing real-time visibility into everything that goes on in the field.Â
There has been recent research on the global IoT fleet management market by Research Reports World, and it states that fleet management using the IoT market has reached USD 10039.76 million and is expected to grow at a CAGR of 21.19% during the forecast period of 2028.
IoT works through three main technologies in fleet management: RFID, GPS, and OBD II’s.
GPS and OBD II help to obtain real-time information on vehicle maintenance, routes, and driving conditions, whereas RFID contributes to controlling and tracking products and shipments.
The aforementioned system shares data between fleet managers and vehicles to improve overall visibility, productivity, and maintenance.Â
The Internet of Things typically works on five critical aspects of fleet management, such as:
- Protection
- Visualization
- Cost Optimization
- Cloud connectivity
- Enhances productivity
TOP APPLICATIONS OFFERED BY IOT IN FLEET MANAGEMENT
The IoT fleet management system is of great benefit and has various use cases. Take a look at some of the major benefits of using fleet tracking in IoT.
IOT OFFERS BETTER VISIBILITY TO FLEET MANAGERS
Connecting to fleet vehicles through installed telematics devices, their current GPS location and activity status on a web map can be fetched by the mobile application or the web panel, together with other reports and analytics that help improve dispatch, route planning, and business logistics. This real-time visibility is what helps you gain flexibility in your resource allocation, better planning, and quick adaptability to changes in the situation.
With real-time GPS location, businesses can provide customers with the exact time of arrival or instantly update the route for a customer emergency.
ENSURES INSTANT IMPROVEMENTS & QUICK DECISIONS
Proper implementation of IoT optimizes resource utilization and boosts performance. Collecting and sharing information quickly can help in taking action in real-time, thereby helping a company make instant improvements and quick decisions.
CLEVER MONITORING FOR PREVENTIVE MAINTENANCE OF FLEET
IoT fleet tracking systems can collect data on vehicle diagnostics, such as speed, harsh acceleration or braking, fuel consumption, vehicle faults, tire pressure, and more. So, it also helps in monitoring driver behavior on the road to ensure safety and compliance, as well as minimize the risk of crashes and liability.
In case of a crash, the hardware connected to the vehicle’s engine module will send an alert to the head office indicating a collision, so help can be sent to the driver without delay.
The technique also ensures that the fleet manager receives alerts for services like coolant temperature, low battery, inspection reminders, check engine, and other factors that are essential for the maintenance of your vehicles and to keep them safe and running in top form for a longer period of time.
Suggested Reading:Â SMART IOT SOLUTION
ANALYZING DATA GENERATED BY VARIOUS VEHICLES IN IOT DASHBOARD OR ON THE MOBILE APP
A fleet of vehicles generates huge data and information, such as miles logged, fuel consumption, vehicle utilization, speed tracking, and much more.
Before IoT, a fleet manager had to collect all the information manually, leading to significant lapses in efficiency. However, with IoT, fleet managers have ample time to gather the data, analyze it, and understand the issues of the vehicles in the IoT Dashboard itself.
ANY TIME REMOTE TRACKING OF THE VEHICLE IS POSSIBLE
The Internet of Things helps logistics companies track daily operations through cloud-based solutions and helps fleet managers track fleets in remote areas from any time, anywhere. Moreover, the technology also comes in handy when vehicles are down during bad weather.
FUEL OPTIMIZATION
One of the biggest concerns for fleet managers is the rising cost of fuel. IoT in fleet management is also helpful in ensuring fuel efficiency. The behavior and driving style of drivers affects the fuel efficiency of a fleet hugely.
A fleet operator can educate the drivers to practice optimized fuel utilization based on information.
Also read IoT and Logistics, A FLEETS TRACKING AND MANAGEMENT SOLUTION BASED ON IOT
WHAT ARE THE PRIMARY BENEFITS OF FLEET TRACKING?
IoT based fleet management improves manageability, savings, and visibility in cargo and shipment vehicles. This IoT-enabled fleet tracking system benefits fleet managers, drivers, insurers, businesses, and advertisers.
Some of the major benefits of using IoT solutions for fleet management are:
- Route management and optimization to prevent traffic congestion
- Real-time tracking and monitoring of the fleet
- Proper fuel management
- Remote diagnostics
A brief overview of what we do at PsiBorg
PsiBorg is known as the best fleet tracking service provider in India. We have built various IoT Solutions for fleet tracking and management services. So, if you are looking for a partner to help you in building your IoT concept into a product, then we can help. PsiBorg is a full stack IoT product development company and is the right choice for you to kickstart.
FAQ
By integrating IoT into the fleet tracking system, fleet operators can efficiently manage and automate route planning, tracking truck idle speed, and several other processes. Thus, if a shipment vehicle breaks down, the IoT solution for shipment tracking will send alerts so that important steps can be taken promptly.
An IoT fleet tracking system utilizes several IoT sensors, such as an accelerometer, proximity sensors, motion sensors, and pressure sensors. All of these sensors are used to monitor vehicle health and optimize fleet routes.
PsiBorg is an expert when it comes to developing IoT solution for fleet management. We are an IoT development company that has successfully deployed shipment-related tracking and monitoring solutions to businesses from different industries.
