Countless Hollywood films predicted huge advances in technology in the 21st century. These films quite often envisaged flying cars that could drive themselves, and while society may not have reached those heights yet, considerable advances in vehicle technology have been made.
Not only has the design of vehicles changed dramatically over the last 50 years but the technology incorporated into them has improved significantly too. One of the most notable changes to vehicles in this time has been the implementation of GPS vehicle tracking systems.
Curbing insurance costs
Some benefits of GPS tracking are straightforward, such as a navigation system providing an alternative route to avoids a traffic jam and incidents on the road. However, other features helping young drivers with insurance prices. GPS technology is used to monitor the driving style, distance and even time of the day young drivers are using their cars through the ‘black box’ installed in the vehicle. This data is then relayed to an insurance company, which allows young drivers to use a telematics car insurance policy also known as ‘pay as you go car insurance’. The advantage of this system is that drivers can modify their driving style and become a safer driver based on the information collected and, therefore, reduce their insurance costs. For first time drivers, this helps to manage and curb otherwise high-cost insurance prices.
Optimize business operations and become data-driven
Vehicle tracking technology, however, has other advantages as well. Thousands of commercial fleet operators use tracking devices in conjunction with professional software to optimize daily business operations. For example, haulage companies are able to see where drivers are at any given time and how they are progressing through the day versus their schedule and deadlines. This feature allows for real-time data collection providing managers with more efficient schedule planning and providing more accurate delivery times to customers.
Businesses can become more data-driven by storing and cataloging the data produced by a vehicle tracking system. Integrating this data in other internal operations, such as the HR software can also ensure the employee information such as payroll and time sheets are up-to-date and synced automatically.
In addition, vehicle tracking can also help improve driver safety. Sharing data with drivers about their behaviour behind the wheel has been proven to improve best practice significantly. The creation of league tables based on the driving behaviours allows managers to customise training programs to enhance specific areas of improvement for each individual.