At a briefing to discuss advancements in technologies for fleet telematics, hosted by Restrata on Tuesday 20th September in Dubai, the role of improved connectivity and innovative data analytics techniques was identified as a game changer in the fleet telematics arena.
Steve Edgett, Vice President of Situational Awareness and Tracking at Restrata, told attendees that “the recent explosion of technologies around connectivity and data analytics is changing the game for fleet telematics, with rapid innovation that is forcing us to reconsider how we define fleet telematics.”
Vehicle telematics have long been utilized in the battle to reduce fleet costs whilst improving safety records. This approach has historically produced significant return on investment, from reduction in fuel and maintenance of vehicles, to automation and optimization of mobile workforce’s.
Steve identified 4 key technology trends, one of which was the ability to measure how an individual drives, where they drive and how often, paving the way for user-based insurance. Insurance companies can now base rates on actual driving behavior and drivers can benefit from lower premiums for driving safely or occasional driving.
“A plug-n-play vehicle tracker, which plugs directly into the vehicle’s data bus, has dropped in price significantly, so hardware costs can be easily managed,” he told the audience.
Corporate Social Responsibility
Corporate Social Responsibility and environmental consciousness ranks higher than ever with today’s market leaders, and the concept of measuring and reporting on carbon emissions emerged as another focus for businesses in the region.
“Corporate Social Responsibility is becoming a hot topic in the UAE, and using fleet telematics and smart sensors to measure and report on driver behavior and excessive idling, results in lower fuel consumption and in turn, a reduction in carbon emissions,” Steve explained.
“Leading logistics firms are now monitoring carbon emissions as a key performance indicator owing to not only the environmental factor but also the savings in fuel costs to the business.”
Restrata offers its own fleet telematics solution in the form of SecureLocate, which is part of a larger situational awareness and tracking offering. SecureLocate strives to address today’s needs for increased asset visibility, including location based services (LBS) and connectivity to the abundance of sensor data now available, attributable to the rapidly expanding internet of things (IoT) connecting people, property and equipment.
A case study was delivered at the event by Margareta AbuRas, Managing Director of Integral DMCC, who partnered with Restrata earlier this year to support the delivery of SecureLocate solutions to her own clients.
A Return on Investment
She told the audience: “Our clients are realizing significant gains by utilizing SecureLocate. Combined with adequate business processes and analytical tools it has enabled the Transport Teams to apply strategic and operational tactical decisions, achieving a major decrease in assets deployment, yet significant increase in the number of deliveries in only a few months. For instance, one specific client has increased more than 4 times the number of deliveries per truck within six months.
“Efficient utilization of assets has a noticeable impact on operational costs and highlights just how quickly a business can expect a return on investment from a fleet telematics solution.”
Headquartered in the UAE, with additional offices and representatives throughout the Middle East, Africa, Asia and Europe. In addition to situational awareness and tracking solutions, Restrata also provides a range of services including physical security consulting, HSE consulting, crisis and continuity management, workforce development and managed services.