With telematics, every aspect of fleet management can be captured, tracked, and analyzed to increase efficiency, increase safety and, all-in-all, save companies money. The information that telematics provides to fleet professionals empowers them to start shifting a company’s culture and lower the risk of bad driver behavior, which costs companies a high amount of unnecessary expenses.
Listed below are seven ways telematics can be utilized to promote a total shift in driver behavior, resulting in a safer and more fiscally responsible fleet.
1. Track speeding and other unsafe driving habits
The ability to monitor your fleet’s speed, acceleration rate, and hard brake incidents can promote better behavior on the road, resulting in fewer accidents, less wear-and-tear on the vehicle, and better fuel efficiency, all of which reduce unnecessary fleet spend. For example, by monitoring high risk speed events (instances where the driver is driving 21+ MPH over the posted limit), one Donlen customer was able to significantly reduce the number of speed events across their fleet. When the fleet began tracking high risk speed events in early 2016, the fleet’s drivers recorded almost 72,000 speed events. By the second quarter of 2016, speed events dropped more than 30,000 events compared to quarter two of the previous year, and speed events dropped by another 7,000 events in Q3.
By monitoring and reducing high risk speed events, this customer not only had a safer fleet, but also limited their risk for accidents and improved fuel efficiency in order to save money.
2. Reduce unnecessary time spent on the roads
Telematics technology allows a company to utilize the best possible routes for vehicles. This utilization will help a fleet save money by cutting down on fuel costs and helping a fleet avoid accidents ─ the less time spent on the road, the less room for driver error
3. Keep up with the maintenance needs of every vehicle in the fleet
In addition to monitoring driver behavior, telematics solutions like Donlen’s Advanced Diagnostics device also have the ability to monitor vehicle health, such as oil life and tire pressure, and notify the fleet manager when its maintenance needs need to be assessed. It can also recognize in real-time any issues of concern for a given vehicle. This technology can save a fleet thousands in unnecessary maintenance spend and increase the safety for drivers by decreasing the amount of faulty vehicles.
4. Respond quickly to emergency situations
Telematics can notify a fleet manager whenever an emergency or accident occurs on the road so that they can react quickly, assess the situation and send the proper help if needed. This capability increases driver safety and helps fleets avoid emergency situations.
5. Assign safety training to employees with bad driver behavior
When analyzing the data that telematics can provide, fleet professionals can begin to notice trends of bad driver behavior that will often lead to accidents. Telematics data gives fleet professionals the opportunity to utilize predictive analytics to stop reckless drivers and put them through a training program before their behavior costs the company money or puts their safety at risk.
One Donlen customer that utilized the DriverPoint® Telematics program saw preventable accidents decline by 34% per million miles during an 8-quarter period. The avoidance of accidents from Q1-Q3 of 2016 led to $180,000 in savings. The foresight that telematics gives fleet professionals allows them to stop accidents before they happen and help them save money because preventable accidents will become less frequent, thus, bearing a lesser burden on the fleet’s budget.
6. Reward good driver behavior
Coinciding with the above point, fleet professionals can also keep track of employees that are displaying good driving behavior day in and day out. Telematics gives companies the opportunity to recognize and reward good drivers, incentivizing good driving. This will help shift the culture of a company to one that shows its devotion to safe behavior.
7. Cut down on fuel costs
Telematics gives you the power to save money in many areas. Promoting and tracking driver behavior and ensuring the best route is being utilized can truly help you cut significant amounts of money off of your fuel costs.
One driver behavior that can be tracked to reduce fuel spend is idle time. For example, by implementing DriverPoint Telematics, one Donlen customer was able to reduce engine hours spent idling by 45% over the course of four years. Reducing idle time plays a significant role in improving your fleet’s fuel spend. That same customer was also able to improve the average fuel economy for their 2,017 vehicles on the DriverPoint Telematics program by 2 MPG. That improvement resulted in $317,000 in fuel savings.
The power of telematics is vast and goes beyond tracking driver behavior. Proper utilization of telematics can give a company the power to analyze multiple quantifiable data points to identify where expenditures could be cut and where safer behavior can be pushed. By using telematics to increase awareness and educate drivers to engage in safe behavior, the company’s culture can completely change and accidents will become less likely and money will be saved.
Want to learn more about how DriverPoint Telematics can improve your fleet’s safety and reduce costs?