The Vital Role of Telematics in Modern Business

Telematics is the combination of two words: telecommunication and informatics. It is defined as a blend of computers and wireless telecommunications technology to efficiently convey information over vast networks to improve a variety of services, in this case, fleet management. Telematics systems operate by connecting a device, like GPS or a camera, to a desired vehicle. From there, the system monitors and tracks key driver performance data that is then interoperated and analyzed to help improve driving habits.

Why are Telematics Important?

In a recent study by AAA, aggressive drivers are 66% more likely to have an accident. With telematics monitoring, fleet managers can identify aggressive driving habits and act accordingly to address unsafe behaviors immediately. It provides alerts and reports on hard braking, hard acceleration, and distracted driving behaviors to reduce severe incidents. By providing instant visibility into your fleet operations, vehicle health, and driver productivity, you are able to create a culture of fleet safety and excellence in your operations.

In addition to reducing the frequency of accidents, telematics can also reduce the severity and costs of accidents, especially regarding to legal vulnerability. Telematics cameras provide you with the most accurate witness in the event of an accident. In today’s environment, litigation trends such as social inflation and nuclear verdicts are driving up insurance costs from increased litigation and higher jury awards. Cameras can help determine the driver at fault and help reduce the risk and cost of an accident by preventing frivolous claims or exonerating your drivers.

Telematics Solutions through Azuga and GPS Insight

Through Azuga and GPS Insight, industry leaders in driver risk management, we are able to provide our customers advanced telematics monitoring. These partnerships provide comprehensive solutions that go beyond traditional risk management, enhancing fleet safety and operational efficiency.

The telematics solutions offer real-time monitoring of driving behaviors, allowing fleet managers to address issues as soon as they arise. This proactive approach helps in reducing the risk and cost of accidents, ensuring a safer and more efficient fleet operation. These solutions also provide instant insights and visibility into your fleet operations, vehicle health, and driver productivity. By optimizing efficiency, businesses can elevate customer service, ensuring timely deliveries and high customer satisfaction. Real-time data allows for quick adjustments and better decision-making.

PLM offers a Safety Driven Telematics solution through Azuga, a leading provider of commercial auto insurance telematics. Azuga’s solution includes a plug and play telematics device, integrated SafetyCam options, risk alerts, customizable reporting, and more. By monitoring driving behaviors and investigating risky driving video evidence, Azuga helps prevent accidents and improve overall safety. This approach not only protects your drivers but also enhances business performance by retaining top employees while also motivating those who need improvement.

PLM also offers dash cams (Driveri) and GPS tracking through GPS Insights resulting in fewer accidents, safer drivers and less claims. A customer in the transportation and logistics space using Driveri saw a dramatic 59% reduction in claims in the first year of implementing the AI technology. The second year was even more impressive with an outstanding 82% reduction in claims. This customer has leveraged Driveri’s proactive safety features to lower claim levels and enhance safety for more than four years running.

Companies are also taking advantage of this new technology to help keep their fleets running more efficiently. A lumber company, which operates 10 retail yards and two component plants, turned to technology to keep its fleet on the road. They wanted to reduce the time it takes to turn a truck – to have an empty truck return to the yard, get re-loaded, and get back in action. The company set a goal to turn each truck in 20 minutes or less. Using GPS Insight, they beat that goal considerably, with turnaround times plunging to about 14 minutes, or a 30% decrease. Taking advantage of this time reduction, the owner assigned half of his heavy-duty trucks in Chicago to make an extra delivery per day. As a result, that location could boost revenue by $1.4 million every month.

With PLM’s telematics solutions from Azuga and GPS Insight, businesses can significantly enhance their fleet management capabilities. By integrating these advanced technologies, companies can improve safety, optimize efficiency, and elevate customer service, driving success in today’s competitive market.

For more information visit Telematics – PLM (plmins.com) or contact us at CustServ@plmins.com or at 1-800-752-1895.