Telematics, once a mere concept of transmitting data over long distances, has now become a cornerstone in many industries that rely on heavy equipment. As we stand on the cusp of a new era in telematics, it’s essential to understand the current landscape, the challenges faced, and the innovations on the horizon.
The Current State of Telematics
These days, the primary function of telematics in many industries is deploying hardware to gather data. While having copious amounts of data, such as GPS, dash cam footage, maintenance records, and hours of service can undoubtedly be valuable and necessary for generating nice-looking reports, the data itself is a small piece of the puzzle and may not be very valuable without context. For instance, knowing a truck’s precise location probably means nothing at the moment. However, relative to a delivery or pickup with an ETA that shows they are running late is vastly more informative.
The Challenge
So in that case, it seems to me, the primary challenge with current telematics systems is the lack of actionable context.
The Future Is Nascar?
Pit Rho was bought by General Motors (GM) in 2022 and if you are asking who or what is Pit Rho, don’t worry we got you covered. Pit Rho is a real-time, in-race strategy tool used in the NASCAR Cup Series. Pit Rho ingests competitors’ lap time and pitstop data into a series of machine and deep learning models that predict a wide range of race variables, including competitors’ behaviors, and recommends optimum race strategy. Let’s explore the parallels between Pit Rho and the future of telematics.
AI and ML in Telematics
Artificial Intelligence (AI) and Machine Learning (ML) are set to revolutionize telematics. Instead of just collecting data, future telematics systems will more than likely present predictions to fleet managers that they can choose to act on. For instance, let’s say a semi-truck in your fleet starts to get lower than average fuel economy or increased tire wear during normal operation. Future telematics systems will hopefully be able to route the truck to a shop and reroute a different truck to re-power the load. All while keeping the fleet manager in the loop. A well-integrated and interconnected system will absolutely improve utilization, vehicle uptime, and operational efficiency.
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Driver Behavior Analysis:
Advanced telematics can monitor driver behavior, identifying patterns that might indicate fatigue or distraction. TruckSpy already does this with our best-in-class Ai-powered dash cam, the Driveri. Fleets that install the Driveri can see an 80% reduction of negative driver behaviors in as little as 6 weeks. This leads to timely interventions that ensure safety on the roads and across your entire fleet.
Intelligent Planning & Asset Allocation:
Future telematics systems will analyze customer orders, calculate profitability and use real-time traffic and weather conditions to plan and allocate equipment. Boosting revenue fleet-wide with data.
Automated Reporting:
Instead of manual hours of service and log review, future telematics will automatically generate reports on vehicle health, driver behavior, fuel consumption, and more, providing fleet managers with actionable insights.
TruckSpy: Pioneering the Future
While this article aims to provide a broad overview of the future of telematics. We specializing in solutions for truck fleets, TruckSpy’s offerings from Electronic Logging Devices (ELD), which results in accurate data capture, to AI-powered dash cameras are indicative of where the industry is headed. Our focus on harnessing technology to solve real-world challenges is a testament to the transformative power of telematics. Learn more about our all-in-one approach to fleet management here.
Conclusion
The future of telematics is not just about tracking vehicles, but understanding them. With the integration of AI and ML, telematics will offer a holistic view of fleet operations, driving efficiency, safety, and sustainability. As we move towards this future, it’s essential for businesses to stay informed and adapt, ensuring they remain competitive in an ever-evolving landscape.
