IoT in the transportation sector is one of the most accepted technologies for enhanced productivity. Automated vehicles, smart vehicle tracking systems, fuel consumption, real-time monitoring of mobile tankers, etc. are now being initiated in the transportation sector for better outcomes. The global trucking industry is expected to undergo enormous changes, where older vehicles are being replaced with smart trucks. This is enabling machine-to-machine communication within the trucking industry for improved effectiveness and better communication.
At a futuristic level, combining IoT with Artificial Intelligence and Big Data results in revolutionizing the entire fleet management industry with a data-driven approach. It further provides insightful information regarding the asset details and enhanced fleet operations. Thus, we can say IoT empowers vehicle tracking systems with numerous features and advanced techniques that enable the managers for a better reach in the industry. How does IoT do so? Letâ€™s find out from below.
IoT Features that Empower Vehicle Tracking System
Real-time data access
The integration of IoT-powered solutions with fleeting industry gives an improved system that follows real-time monitoring of the vehicle data. The sensor-enabled system gets installed on the vehicles (transportation assets) and extracts valuable data for further analysis. Such devices are highly advanced and fetch data in real-time for better accuracy and quick results. This enables the industrialists to enhance their business growth with the help of IoT-based analysis that majorly focuses on collecting data and simplifying it for user's access. The data then gets collected on a cloud server from which the user can access desired information at whichever time and draw conclusions for effective productivity.
IoT-enables interconnectivity between the assets means the vehicle details are displayed on the user's connected dashboard for quick access. It allows the user to further take immediate actions and transform the information into user-friendly language for better understanding and proper functioning. For instance, if the user wants to know the fuel consumption patterns of a particular month or year, he can do so by clicking the options on his dashboard and analyze the key takeaways of his fuel consumption report. This is highly beneficial in keeping a record of the vehicleâ€™s fuel consumption patterns and knowing when to curb the expenses. It also helps provide a holistic view of the vehicle that when its maintenance is required, thus reducing sudden maintenance costs.
Improved Operational Efficiency
An IoTized vehicle is a smart system that enables efficient performance. It improves productivity and returns the average of the vehicle by pre-defining the maintenance schedules and operational needs of the owner. Moreover, this saves the time and energy of everyone involved in the delivery processes and maintains the brand value. Using an IoT-powered system to enhance the vehicle's performance is one of the brilliant ideas that help improve the operational efficiency of the industry. With the use of sensors and gateway connectivity, the user is ubiquitously connected with his vehicles, thus making necessary decisions whenever required.
The user or transportation business owner can get a better insight regarding the driverâ€™s behavior by staying connected to every vehicle through IoT technology. It allows the user to monitor the vehicleâ€™s overall health from any interconnected device and obtain real-time alerts as desired. These on-time alerts provide multiple services like low battery, vehicle temperature, engine maintenance, inspection reminders, and others, which directly allow the managers to perform preventative maintenance. They can thus take required measures and predict mechanical issues, before their occurrence. The IoT technology allows remote control of the vehicles, ensuring customer satisfaction, improved driver safety, and enhanced business efficiencies.
With the integration of IoT technology and its advanced features, fleet owners are also complying with environmental regulations. IoT is a technology that provides the least impact on the environment, which further helps in keeping the environment sustainable from all angles. It is estimated that the use of IoT reduces vehicles to travel to the site by 68%, which results in lower fuel consumption rates, thus produces minimized carbon footprint. Also, when the vehicles are interconnected through technology, the risk of accidents and injuries reduces to a significant level, thus increasing the vehicle's efficiency. All this directly impacts the use of IoT for a better and sustainable environment further reducing the costs of logistics management.