The management of vehicle fleets has been one of the main challenges in the logistics sector for decades. Proper administration can make a significant difference in operational costs, service efficiency, and even safety. Over time, the industry has incorporated emerging technological advances. Initially, the widespread implementation of GPS marked a decisive change. More recently, the major leap has occurred with the integration of the Internet of Things (IoT) across various types of fleets—whether commercial, passenger transport, freight, or delivery services—opening the door to unprecedented levels of control and optimization.
Fleet Management and IoT
Considering the vast number of clients in this field—13% of their portfolio—1NCE is a privileged witness to the needs, demands, and aspirations of companies that regularly operate vehicle fleets. This IoT giant—active in over 170 countries—values this technology as a tool for real-time control and monitoring of these assets. One of its core goals is to ensure proper, proportional, and rational use of the vehicles to keep fuel or diesel expenses at appropriate levels.
Save Up to 25% on Fuel Expenses
Thus, IoT-powered fleet management solutions have the potential to reduce fuel consumption by an average of 15% and, in some cases, even up to 25%, according to 1NCE’s estimates, which align with calculations from other industry players like Transforma Insights.
Benefits of Using IoT in Fleet Management
Besides the significant reduction of up to a quarter in fuel consumption—providing a major boost to logistics—and enabling remote real-time control and tracking of assets—both previously mentioned—the IoT offers numerous advantages in managing vehicle fleets.
- Inventory supervision. The Internet of Things enables remote control not only of the vehicle itself or the fuel it consumes or carries but also allows checking the status of the contents, the transported inventory. In other words, IoT facilitates continuous, remote inventory management, as noted by 1NCE.
- Public road transportation. IoT connections for public buses greatly enhance the passenger experience by improving safety, efficiency, and service delivery.
- Autonomous freight vehicles on roads. For many, this is the future. It mainly refers to trucks or vans designed to carry cargo without human intervention, using sensors, cameras, and radars. These vehicles rely on AI and IoT to navigate and make real-time decisions, according to 1NCE.
Autonomous passenger transport vehicles on roads. This involves the same technology as the previous point but applied to cars and buses.