The telematics industry is a big deal, and it’s growing by the day. Experts predict that the industry will be valued at over $60 billion in the next half a decade.
The most significant impact of telematics is in the fleet industry, where solutions like Trackunit are revolutionizing the way businesses manage their vehicles and assets.
Telematics is being used in countless areas, including fleet management, insurance, construction and transportation.
Here’s an overview of how telematics is transforming the way we connect.
Connecting vehicles to drivers
Gone are the days when you’d have to call the driver of a delivery truck to know their whereabouts. Telematics technology allows for real-time tracking of vehicles, giving fleet managers accurate information about their location.
This is especially helpful in the construction industry where off-road vehicles and construction equipment can be on a number of different job sites simultaneously.
But that’s not all. Telematics also connects a vehicle’s engine to its operator. We’ll explain. Telematics technology can give managers and operators insight into engine diagnostics, fuel consumption, and other vehicle performance metrics.
As if that isn’t enough, telematics has also championed predictive analysis. Equipment operators can see which parts are likely to fail. Using this information, they can schedule maintenance checks and avoid costly breakdowns.
In the future, we will also see the incorporation of machine learning (ML) algorithms in this field. ML technologies will make telematics more autonomous. Consequently, there will be a reduced need for user input since the system will be able to analyze data and interpret patterns.
Connecting assets to site managers
Managing a construction site is no simple task, especially when working on expansive projects. Construction managers must always monitor the location and safety of their assets. In addition, rental depot owners must keep an eye out on their equipment to ensure their inventory is growing and not depleting.
Telematics makes this a breeze. For one, managers can create a ”geofence” around the construction site or rental depot, which triggers an alert when an asset leaves or enters the site without prior authorization.
Two, telematics technology can track the following:
- How long machines are being used
- Where are they being used on the construction site
- How much fuel they consume
- When they need maintenance
All this information facilitates budgeting and ensures asset protection on a job site.
More importantly, telematics systems give site managers a full view of equipment handlers’ and drivers’ performance.
The biggest benefit is that the construction manager can monitor it remotely from their office. No more running around from job site or job site – everything is visible on a single platform. They can then take appropriate measures like starting training programs or sending reminders to employees.
Connecting managers with drivers
Everyone on a construction site or an off-road project must work like a team. With that in mind, managers and drivers should be in constant contact.
Telematics comes in to save the day again. Modern telematics systems have built-in Wi-Fi and Bluetooth. Dispatch can send important messages to drivers, like equipment usage changes or updates on the project.
It’s also a great way to reduce the alienation of a job like truck driving or equipment handling. Drivers can stay connected to the rest of the team, even on long hauls or isolated work sites.
Telematics software is here to increase connectivity for the benefit of businesses and the people who run them.
Takeaway
There’s a reason the big guns like McKinsey are positive about the growth of telematics in the future. We’re just starting out. The integration of IoT (Internet of Things) devices, AI, telematics, and the cloud will catapult the construction and heavy machinery industry forward.
There’s an opportunity to be a part of the genesis. Invest in telematics today and keep your business ahead of the game.
