Investment in Fleet Management and Vehicle Tracking Technologies should become key for businesses in 2017
Transportation and logistics could be the next billion-dollar business opportunity for companies. In fact, according to the World Bank, Boeing, and Golden Valley Co. the worldwide shipping market, which include ocean, air, and truck freight sits at $2.1 trillion.
As a result, most companies, across the world, including in Africa are trying to get into the logistics and fleet management business.
It has been proven that Fleet Management helps companies get the most of their vehicles and their staff. Having a good fleet management system in place can help you monitor individual driving habits and also critical information about the vehicle status.
In Kenya, for example, we have a number of companies offering Fleet Management and vehicle tracking services. Transport companies and other business are also turning into technological Fleet Management systems to cut on operational costs and better manage their vehicle fleets. These technological investments in fleet management are transforming commercial vehicle operations and leveraging analytics to generate major gains in efficiency.
Managing a fleet is a challenge, to say the least, but the incorporation of the latest technology can make the entire process simple and very efficient. The tracking combines the use of automatic vehicle location in vehicles with a software that collects these fleets data for a comprehensive picture of vehicle locations.
These technologies are also making it easy for goods to be tracked through the global chain, and this is having a massive impact in the sector. The potential value created by these asset tracking technologies is enormous and companies can obtain a broad array of benefits from them.
Safetrac Limited, for example, is one of the companies providing vehicle tracking and fleet management services to clients across East Africa. The company has partnered with, Arvento, the 5th biggest company in the world in the field of telematics to offer these services to its clients. Arvento boasts of more than 45,000-client portfolio with its technology being utilized in more than 650,000 vehicles and mobile devices across three continents.
Managing a fleet is a challenge, to say the least, but the incorporation of the latest technology can make the entire process simple and very efficient. The tracking combines the use of automatic vehicle location in vehicles with a software that collects these fleets data for a comprehensive picture of vehicle locations.
According to Mr. Alparslan Kurtulus, Arvento Deputy General Manager, International Operations and Business Development. “Vehicle tracking and fleet management solutions are one of the biggest players in the world of data sourcing and mobile technologies that can help the fleet owners have much better and effective control of their fleet,”.
While there is a cost associated with fleet maintenance and vehicle tracking, over the long term it saves money far more than it costs.
“Safetrac utilizes superior European Technology that delivers efficient accurate and robust tracking solutions.’’ Mr. Peter Echessah, CEO of Safetrac Limited, says. The company provides fleet operators with visibility into vehicle location, speed and mileage and other insights into their mobile workforce, enabling them to reduce their operating costs and increase their revenues. Safetrac goes beyond just tracking; into providing businesses with critical solutions that aid individuals and organizations in making meaningful operational and financial decisions.
All these benefits are derived from the insights that companies can gain from the tracking solutions that companies like Safetrac Limited provide. Data collected via these systems is helping fleet owners make informed decisions about their companies. Education around fleet management and vehicle tracking should, therefore, become key in 2017. Business cannot afford to be affected by the implications of wrongly managing their fleets, something they can control if they invested in the necessary resources and technologies.
