Automotive Fleet, July 2018

The world is entering a Fourth Industrial Revolution which will be marked by a convergence of the physical digital and human and companies which hesitate to implement automation and data exchange technologies will nd themselves being le behind in the dust of history Technology is evolving with lightning rapidity and play ing the waiting game to pursue Big Data analytics cloud computing machine learning or arti cial intelligence could cost in uence market share and in the worst case scenario the business as a whole Fleet professionals as a group are cautious when it comes to spending their companys money But this vir tue could cause the eet to fall behind in these changing technological times For example modern telematics solutions have a proven ROI with the ability to provide visibility into operations and utilization improve safety and economy and optimize productivity using the same technology that is fueling the Fourth Industrial Revolu tion Hesitating to implement a proven and future forward technology gives an unnecessary advantage to any of your competitors who do The First Choice e longer you wait to take action to implement telemat ics the more ground your eet could be losing in untapped INDECISION WEIGHING THE COSTpotential making it harder if not impossible to catch up in the future Choosing to implement telematics is a decisive move to improve your operations including Utilization Assess what you have and how its be ing used is allows you to get more done with fewer resources View near real time activity and status of vehicles workers and mobile equipment for better allocation and rightsizing of assets Safe Driving Monitor speeding hard braking harsh acceleration seat belt use and other habits that can lead to costly vehicle damage accidents and liability issues Maintenance Sustainability Determine sources of unproductive idling and unnecessary fuel use automate preventive maintenance to keep your eet running in an e cient and cost e ective manner Routing Streamline dispatch and scheduling match the right driver and vehicle with right job track time on site and transfer record keeping to the cloud to save time and money The Time is NowA 2017 Deloitte survey of 1603 global executives revealed that only 14 felt con dent that they could harness the op portunities presented by the Fourth Industrial Revolution e study found that professionals who embrace emerging technologies as the key competitive di erentiator 20 feel more prepared across a broad range of areas than those who approach technology as just one of many priorities e value of moving forward with telematics solutions cant be overstated e decision must be moved up your priority list now Do not let indecision cost you Telematics has ushered eet management into the era of the Fourth Industrial Revolution by harnessing Big Data and promises to do even more For your eet and your company it is a catalyst for success What are you waiting for About the Author Erin Cave is Vice President of Product Management at Verizon Connect AS THE WORLD ENTERS THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION FLEETS WILL BE FACED WITH THE CHOICE OF DECISIVELY EMBRACING CHANGE OR HESITATING HESITATION COULD BE COSTLY BY ERIN CAVEPHOTO ISTOCKPHOTO COM LEOWOLFERTCLEARLYCONNECTEDSPONSORED BYCopyright 2018 Verizon Connect All rights reserved Verizon Connect and the Verizon Connect logo are registered trademarks of Verizon Connect in the U S and other countries