A Q&A with Santa, and Fleet Manager Mrs Claus, of North Pole Inc
Understanding AI in telematics: looking to the future for fleet operations
By 2030, artificial intelligence (AI) is predicted to add $13 trillion to the world’s global economic output[1] and, as a result, many are projecting that decision makers are set to embrace the value of future-facing tech in a major way.
For transport professionals, AI-powered solutions might just be the key to unlocking a new era of growth. As the demand on transportation infrastructure grows exponentially, transport managers can turn to AI based telematics solutions to help meet the challenges of tomorrow. And whilst for some, AI telematics solutions can seem daunting, the easy-to-use options available on the market can enable business to uncover hidden insights and learnings, predict future trends as well as empower transport managers to develop fleet safety programs proactively and deliver highly tailored training programmes.
So, what are the five main benefits of adopting an AI-powered telematics solution?
An AI-powered telematics solution helps you:
- Turn your data into decisions
AI automatically transforms big data into digestible reports, visual dashboards and actionable insights that help businesses to make more accurate decisions – with a more time efficient system. Telematics systems capture an ever-increasing volume of data, from fatigue to vehicle utilisation data to engine diagnostics, all of which can be pulled into an AI processor. This wealth of information helps transport managers make more data-based decisions that will positively impact on operational efficiencies, improving driver behaviour, vehicle and equipment utilisation, and safety.
- Reduce costs
Whether your focus is on fuel efficiency, or you want to reduce maintenance cost and you need to view maintenance frequency and cost by vehicle, with an AI-powered telematics offering, data is instantly available and accessible. With information presented in an easy-to-use format, transport managers can help protect their margin – an attribute that is all the more useful as businesses and individuals combat the current cost-of-living crisis.
- Transition to EV
AI telematics solutions aren’t just about cutting costs though – they’re about helping transport managers build their fleets and adapt to their future needs. Teletrac Navman’s EV Readiness Tool, powered by a sophisticated AI engine which works out all the complexities of researching where, when and how to start making your conversion to an electric fleet - removing the need for costly consultancy fees and manual research.
AI also allows transport managers to automate the EV puzzle and progress with the electrification process, safe in the knowledge that they are pursuing the best possible option available for their fleets.
- Ease everyday pressures
An AI powered telematics platform is a useful way to ease the pressures which many transport managers face on a daily basis. Solutions, such as Teletrac Navman’s TN360, feeds off signals that are recorded, calculating, analysing, and summarising everything so transport managers don’t have to. As a result, all fleet managers need to do is physically ask it for the information – removing the stress of sifting through confusing data.
What’s more, telematics solutions improve wider business efficiencies, reducing the need for an overload of paperwork, and making a single platform a one-stop shop for all fleet management needs.
- Constantly learn and develop
One of the most impressive parts of AI-powered telematics solutions, is the ability to constantly learn and evolve. AI spots patterns and behaviours making recommendations based on the data. It recognises patterns that are hidden in the data and not only helps you to answer the questions that you don’t know to ask but identifies the biggest influencing factors on outcomes providing recommended adjustments.
An example of this is Teletrac Navman’s Smart Dashcams, pioneering the use of AI video technology and representing a significant development in dashcam innovation and driver coaching. The system learns on the job allowing training to be continually fine-tuned as driver skill increases.
Ultimately, with an AI-powered telematics platform, businesses not only see the right data at the right time, but the system can spot irregularities far in advance of human ability helping fleets operate at their maximum potential.
Whilst the benefits of AI-powered telematics solutions are plentiful for transport managers, it is key for transport professionals to remember that to make effective decisions you need a balance of both artificial and human intelligence. The value of AI is that it provides insights into what is happening across your fleet without any human bias, but it is the experience and knowledge of your team that will turn these insights into the most effective decisions.
[1] https://www.teletracnavman.co.uk/resources/resource-library/infographics/how-ai-is-transforming-the-transport-industry