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Masternaut CEO shares views on telematics

25 Apr 2014  | Martin Hiscox

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Telematics old vs. new

Old-style telematics systems were quite good at tracking vehicle location and useful for stolen vehicle recovery, but they were not accurate enough to be relied on for making decisions about driving habits, nor were they efficient enough for storing data in a way that was easily accessed and interrogated.

That's all changed with the latest next-generation systems. Telematics now provides 360-degree visibility of driver behaviour, revolutionising the way companies manage work-related road safety.

Through enterprise-grade telematics, businesses can monitor vehicle location, speed, distances driven without a break, cumulative speed, driving style, road type, time of day, road condition, and weather conditions—all in real time.

This presents an opportunity for predictive analytics to identify poor driving and address it, through measures such as driver training. On the safety front, telematics can also enable rapid response to road incidents, with automatic alerts allowing first-notification-of-loss reporting for rapid action.

Beyond fuel savings

One example of how this works in practice is a customer of ours, which provides global security services and has thousands of mobile workers.

The business implemented a new platform to deliver a clearer, more efficient way to monitor driver performance in order to reduce fuel costs and road traffic collisions. Since implementing the solution, the business has seen a 20 per cent cut in the rate of road accidents within the last year, with a further 20 per cent reduction targeted for the coming year.

There's also the additional business benefit of a projected a $1.5million saving in fuel costs over the coming year by further reducing idling.

In a highly competitive marketplace, our industry is at the leading-edge of what is feasible, and the industry is achieving much without regulative enablement.

As our technology improves year on year and the driver behaviour evidence grows, there are impacts far beyond monetary gain. This technology ultimately prevents injury and saves lives.

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