Future-proofed, global connectivity is required for many industries across many different verticals with advancing technologies such as eSIM, artificial intelligence (AI), and video telematics providing increased reliability, flexibility, and efficiency.
According to Kaleido Intelligence, it is estimated that 2.4 billion devices will be connected by eSIM by 2025. With technology like this, it’s easy to know fleet devices are secure and protected, resulting in lower costs and maximum ROI for daily operations.
eSIM eliminates the need of physical SIM card switching and can be supported by multiple carrier profiles, creating longer-lasting connectivity for fleet devices. Some of the benefits of eSIM for IoT in the fleet industry include simplified logistics, global coverage, and maximized ROI. With cost reductions in fleet, businesses can focus more on the safety of drivers and the satisfaction of customers. These benefits impact industries of all different sizes and are not particular to a use case or vertical.
AI is the ability of machines or computer-controlled robots to perform tasks that human beings would normally complete. This kind of technology computes and analyzes large volumes of data to produce data intelligence. Essentially, AI simplifies data management and delivers more value to overall operations.
Video telematics plays an important role fleet management and driver safety, and AI technology controls the motion and driver behavior portion of the system. Driver’s eye movements are monitored through AI technology to help notify both drivers and managers if drivers nod off, get distracted, or engage in unsafe driving conditions – ensuring the safest protocols are taken. Video telematics can help analyze road conditions ahead and behind, record the cabin area, and even capture the interior of the loading area to monitor possible damages and theft
It was found that video telematics lower driver distraction by 80 percent, reduced speeding by 65 percent, and increased seatbelt usage by 70 percent.
IoT also plays a large role in the Stolen Vehicle Recovery (SVR) market. With growing IoT solutions, the SVR industry is equipped with GPS tracking devices to help supply fleet companies with all the data they need to monitor their devices. If an incident were to occur, an alert would be issued when someone steals a vehicle, with the ability to locate it immediately.
KORE Fleet offers a comprehensive Location-Based Service (LBS) platform to track assets, people, and vehicles for fleet teams. Some platform features include extensive reporting, real-time monitoring, historical tracking, and alerts/notifications. To learn more about this solution and how it can best fit your business needs, check out our LBS Demo here.
Understanding the ins and outs of all these advancing technologies and solutions can be tricky – but it doesn’t have to be. KORE is hosting a fleet webinar with IQ4 and Forward Thinking Systems on June 16. Register today to learn about the future of the fleet industry and how to make smart, data driven decisions.
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