#USA #Toronto #Geotab #vehicle safety #fleet management

Geotab's Cutting-Edge Solutions for Fleet Management

Geotab has recently revealed two groundbreaking solutions during their annual event, aiming to tackle rising maintenance costs and unforeseen breakdowns that fleets face in today's challenging environment. With operational efficiency becoming increasingly crucial for companies, these new tools—Work Order Management and Driving Risk Analysis—are set to empower fleet operators to manage their businesses with enhanced safety and efficiency.

The Challenge of Rising Costs

In 2024, Spain witnessed a staggering 12.41% increase in vehicle breakdowns on its roads, coupled with a 15% hike in average repair costs, now reaching 475 euros per intervention, according to data from Facua. These challenges not only inflate operational costs but also result in delays in deliveries. Geotab's Work Order Management, featured in their Maintenance Center, offers a strategic approach to reducing downtime and efficiently managing maintenance costs.

Streamlining Workflows

This tool consolidates task scheduling, tracking, and reporting into one digital platform, replacing outdated manual systems and isolated apps. Key advantages include:

• - Centralized Management: Oversight of all maintenance activities in one place eliminates the chaos of multiple applications.
• - Operational Efficiency: Transforming maintenance requests into work orders helps monitor active orders while analyzing costs and downtime metrics.
• - Predictive Maintenance: Geotab’s predictive analytics identify vehicles at risk of failure and schedule preventive maintenance before costly issues arise.

Sabina Martin, Vice President of Product Management, emphasized, "Fleet maintenance is one of the top costs for operators, and unexpected breakdowns can severely impact operations. With our new solution, we’re providing fleet managers with tools to make data-informed decisions, reduce unplanned downtime, and optimize maintenance processes."

Collision Prevention

Furthermore, data from 2024 indicates a significant rise in car insurance prices, reflecting a 14.93% increase from 785 euros to 902 euros over the previous year. To combat this, Geotab has developed the Driving Risk Analysis feature, an AI-driven enhancement within Geotab’s Safety Center. This new solution grants fleet managers better insights into each driver's risk factors rather than relying only on general vehicle data.

By analyzing specific driving patterns, fleets can evaluate and predict collision risks per driver, particularly those operating shared vehicles. The more accurate insights into driver behavior allow for targeted safety interventions, ultimately helping reduce accidents and costs while enhancing overall driver performance.

Customized Risk Analysis

The Driving Risk Analysis includes:

• - Collision Risk Assessment: Assigns a collision risk percentage to each driver based on their behavior and driving patterns.
• - Performance Comparisons: Enables comparisons between drivers within the fleet or against anonymized data from others, promoting benchmarking and knowledge sharing.
• - Training Opportunities: The Geotab Drive app provides real-time feedback and support to drivers, helping them improve safety protocols and meet fleet performance indicators.

Martin stresses the importance of a proactive approach, saying, "Fleets cannot solely rely on reactive safety measures. With the Driving Risk Analysis powered by AI, we’re equipping fleet managers and drivers with preventative insights, enabling them to avert collisions before they occur."

Expanding Geotab’s Ecosystem

The newly launched Maintenance Center complements Geotab's growing portfolio of solutions, including the Sustainability Center and Safety Center. Together, these tools arm fleet managers with essential resources to optimize costs, improve safety standards, and achieve sustainability goals within a unified platform.

About Geotab

As a global leader in connected transportation solutions, Geotab aims to enhance fleet efficiency and management. By harnessing advanced data analytics and artificial intelligence, they transform fleet performance, safety, and sustainability, consequently reducing costs and improving efficiency. Trusted by over 55,000 customers worldwide, including Fortune 500 companies and the largest public sector fleets, Geotab processes an impressive 80 billion data points daily from over 4.7 million vehicle subscriptions. Committed to data security and privacy, they hold FIPS 140-3 and FedRAMP certifications. Their open platform, renowned partner ecosystem, and Marketplace provide fleets with countless third-party solutions. This year marks a milestone of 25 years of innovation at Geotab. For more information, visit Geotab's website and follow them on LinkedIn or check their blog for updates.