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Which Data is The Life Preserver and Which is The Anchor Tied Around Your Fleet?

Autosphere » Fleet » Which Data is The Life Preserver and Which is The Anchor Tied Around Your Fleet?

This content is sponsored by ARI.

The number of aftermarket and OEM devices for collecting in-vehicle and driver data continues to grow. Have you implemented the technology best suited to provide the kind of data you need for your fleet success? Even so, having the greatest technology doesn’t guarantee success unless you know how to get the best out of it.

If your in-house fleet team is struggling to keep their heads above water – overwhelmed by the waves of data coming in from all sources, you could be sinking with the ship rather than steering it.

THREE EASY STROKES TO STOP YOURSELF FROM DROWNING IN FLEET DATA

  • Identify the patterns, trends, and associations that best relate to your business objectives.
    • For example:
      • National fuel costs are flat, but your company’s fuel costs are increasing. Why?
        • Because certain drivers are using premium grade.
      • SOLUTION: Contact those drivers directly to change their behavior or implement fuel card restrictions.
    • Generate clear and specific reasons why your costs are increasing.
      • For example:
        • Maintenance costs in one segment are higher than another. Why?
          • Because the vehicles have a different make and model than other segments.
        • SOLUTION: Standardize your fleet for consistent performance.
      • Prove which specific issues you can address to produce immediate outcomes.
        • For example:
          • Analysis shows a history of major component failures in a specific make and model past a specific mileage range.
          • SOLUTION: Adjust your preventive maintenance schedule for those vehicles to include a component replacement ahead of the failure trend.

You’re challenged to refine big data into actionable information. We have the solutions. Click here for more information about big data, including videos, white papers, and customer stories. (fleetisaninvestment.ca)

To control costs, you need technology that helps you understand not just why trends are happening, but also how to prevent them.

IT’S TIME YOUR FLEET PAID OFF

Gain confidence that your decision making will produce cost savings and generate a positive impact on your organization’s bottom line. With the right tools and strategic partner, you can pinpoint the exact vehicles creating the costliest inefficiencies and then accurately predict and manage future costs.

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