If a fortuneteller came up to you and said they had the answers to what your future holds, you would want the answers, right? So, why wouldn’t you want the same for your business? There are no fortunetellers for fleets, but there is Business Intelligence (BI), and unlike fortunetellers, you know BI will provide an accurate prediction.
Telematics applications are great for fleet managers since it provides the necessary data for managers to study vehicle health statuses and driver behaviors, but it does not predict future trends. BI not only provides future trends or event predictions but also assists in managing current operations. Business intelligence can be used to analyze and report on multiple aspects: asset utilization, vehicle tracking, dispatch, vehicle maintenance, improving driver safety, controlling costs, and being compliant with different regulations. Here are some of the other many ways BI can help benefit your fleet.
1. Time for Managers to Focus on Job
It takes a lot of time for fleet managers to gather and interpret data. 70 percent of their time is spent doing so. This takes managers away from their main responsibility of keeping their fleet properly running. BI ensures data is clean and personalized to your fleet saving managers from having to manage endless data reports.
2. Takes Away From Playing the Guessing Game
BI can tell where exactly you are underperforming or overspending, so managers know exactly where they need to add vehicles, cut back on personnel, or reduce idling time. Having a platform that can reduce costs is great, but that means your fleet is overspending as you read this, without BI.
There are a lot of inconsistencies when it comes to owning a vehicle, and even more when running a fleet of vehicles. Fuel costs are constantly changing and maintenance is not cheap and unpredictable, so when manually reporting there is a great chance for inconsistencies. BI removes those risks by being able to predict future trends, so managers can feel confident in their business decisions.
3. Customized Metrics Based on Business Goals
Business intelligence is not a one size fits all platform, it is personalized for each user as every fleet is different. Managers can outline their goals for their fleet, so BI can measure the metrics for those goals. This helps optimize the availability of cars, differentiate between good and bad idling, and much more.
4. Replace Disparate Legacy Systems
If you think BI is a good fit for your fleet then it may be time to switch your data solution. Many managers are still using the same outdated system they were using when they took on their new roles as managers. If your fleet does not currently have a BI platform then it is time to make the switch. Business intelligence allows managers to unify their data, so they can access all they need from one platform.
If your fleet is ready for next-generation business intelligence, you need to make sure you are investing in the correct solution. The selected solution needs to have the tools available for managers to both manage in real-time and supervise their assets. AssetWorks FleetFocus has all the tools a fleet needs to facilitate and support better business decisions in fleet management. FleetFocus will provide your organization with all the vital information it needs for success.