Adroit Market Research - Industry Insights

This whitepaper provides detailed information of the adoption of vehicle telematics for fleet management. It helps to understand the comprehensive analysis of how the automotive telematics integrates informatics and telecommunication to provide several services across different verticals. This whitepaper also includes details on actual working model for the vehicle telematics in order to provide better understanding to users. The whitepaper helps to understand how various services and solutions are used for monitoring and tracking vehicles. The whitepaper covers applications and services provided by vehicle telematics systems. It also focusses on the growth of vehicle telematics market.

New generation cars are so amazed, that will be a secret agent and are going to keep every details of your driving to the insurance company. Your car is going to keep track of any uncertain operation executed by you and also will inform the police if it knows you’re wrong.

Telematics is a technique that observes every move of the driver. Here a GPS is attached with on-board diagnostics that can record and map the exact location of your car, analyses the speed of car and give every information of how the car is conducting internal functions.

Who are going to use telematics?

All most all of us would like to use telematics because everything is being observed and monitored for the vehicle and the best thing about it is that it can track your car even if someone steal it.

Why telematics is important

Law is changing with the change of technology. The insurance was gender biased as for the European court of justice till 2012 majorly for the car insurance, and thus the car insurer had to find out another way to secure the car from damages. The reason behind this was that we always needed accurate data to protect the car driver and this was a bit complicated as per the rule. As many of the insurers female and they are nervous to give out there personal information.

How to compare driver’s behaviour

Usually the insurers collect data from the insured which is being done through the telematics as it is the best advance drive which is used to compare with specialist. The way it functions is it compare the data of one insurer to the second insurer who are of the royal societies for the prevention of accidents. Mainly they need to be that is the driver have to be qualified as advanced driver as for the royal society for prevention of accident. This let you to have a rigorous and with a lowest premium to the greatest objective.

What kind of feedback will driver’s get

At the present scenario the world is totally based on icloud so this telematics is also highly based on icloud so the major way it was functioning earlier was just by tracking the distance and sending it to the headquarters but now it also shares the behaviour and attitude and also the risk of the drivers.

So as per the vice-president at green road in marketing says that these information are sent to the headquarters in just a form of single light in red colour which is indicating to the van driver as they are at high risk. So the drivers would repeat the complete analyses from the fleet manager such as the vehicle rules, the most accidental spot and the highest speed breakers.

What are the hardware?

The hardware is all about the android device, it doesn’t mean just android but all the smart phones can bear this app. When we consider Mercedes Benz we find few catchy features which create more anxiousness as it must not be disfigured.

The app has to be activated in your smart phone each and every time when you get into your vehicle power source so after a distance of 10 MTH the recorder starts to manage the data and it doesn’t take more than 10 seconds to start the recording.

Work of the app is too record the data of the driver which include driving style consistency and the way he behaves etc.

Business value of vehicle telematics

Most of the businesses use telematics technique to detect the location and the speed of the car. It also notify you when your car start, come to halt or is inactive. All these details will provide a complete comprehension of fleet tasks in one centralized and cloud based interface. The importance of telematics in a business is that it increases productivity, exact location of your car, also minimise labour and fuel costs. Some other functions of telematics that it improve customer services and have good command on unofficial vehicle use.

Installing of telematics system in a vehicle

Using GPS/satellite technology increases problems. China also impose special taxes on GPS appliances which is much as compared with other taxes for electronic items. We all know that there are lots of issues due to breach of privacy information which is being punishable under the IT act 2000. So in the fear of being accused the company are not always ready for such a tracking system which is feasible. But knowing the status of the driver and identifying whether the driver is in the state of driving or not. However it becomes a breach of trust with employees too. Thus the system of gps tracking of employee using data is really a risk of certainity.

The process of installation is not hard but in case if the list of employee are large then a very significant and secured way of installation and investment is needed. Once is the IOT is installed then it has already started performing it’s task.