HOW IoT IS MAKING: TRANSPORTATION INDUSTRY SMARTER
CIO Review|July 2020
HOW IoT IS MAKING: TRANSPORTATION INDUSTRY SMARTER
With the world advancing towards the concept of adopting new technologies, Internet of Things has undoubtedly become one of the key drivers for large businesses to grow. Already making noteworthy impact on various businesses, IoT is set to continue to steer innovation and development across the fleet management industry.
Sameer Mahapatra

The global trucking industry is undergoing changes manifolds. Older vehicles are being replaced with ‘smart trucks’, using Internet of Things (IoT) technologies and cellular communications to transmit necessary information for management of today’s fleet operations. By combining IoT with AI, Big Data, and Predictive Analytics, IoT has the power to revolutionize the fleet management industry.

Today, IoT is helping fleet owners understand their vehicle’s performance better. The technology has made easy for the owners to understand the relation between Man and the Machine with a lot more sophistication. It has also enabled them to develop and evolve relationships by having informed conversations with their customers, dealers, suppliers and deliver new, innovative value-added services such as infotainment, userbased insurance and even financing. Even small to large fleet operators are now investing in connected vehicles, as telemetry has proven its mettle at improving both safety and security of movable assets, improve route-planning, and optimizing supply chain logistics, among many other benefits.

Real-Time Data Access

Do your drivers make redundant stops on their way for delivery? Do they keep the engine switched-on for longer which results in wastage of fuel? These issues might not seem relevant in day-to-day work, but when it is looked at from a business point of view, these little stoppages can cost a lot.

articleRead

You can read up to 3 premium stories before you subscribe to Magzter GOLD

Log in, if you are already a subscriber

GoldLogo

Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines

READ THE ENTIRE ISSUE

July 2020