One industry forecast is that the data coming from the vehicle itself, combined with maintenance data and general data on that model, will allow fleets to target replacement on a vehicle-by-vehicle basis rather than by a generalized replacement date.

Cloud computing

The trend toward cloud computing will enable fleet solution providers to offer higher degrees of data and system integration. These new technology capabilities will result in highly customizable solutions for fleet managers.

In the US, Tony Candeloro vice president of product development at ARI, (pictured below) explained: “The trend toward cloud computing will enable fleet solution providers to offer higher degrees of data and system integration. These new technology capabilities will result in highly customizable solutions for fleet managers.

Candeloro tony

“Additionally, increased data download speeds and better mobile devices and tablets will provide for more mobile-enriched opportunities that can be used by fleet managers and drivers to do more remote processing of fleet related transactions and data-driven decision making.”

Data analytics

Writing in the Automotive Fleet report: Fleet Management 2025 Forecast: Productivity Tools Candeloro predicted: “Of all the new innovations that will hit the fleet market in the next five to 10 years, data analytics will have the biggest impact. The ability to create and use tools that will turn raw data into actionable events will significantly impact fleet managers. These next-generation productivity tools will aggregate and correlate massive amounts of data and turn these data points into a series of recommendations, best practices, and predictable outcomes.”

“The use of driver behaviour management tools will become more prevalent. Driver scorecards that measure, track, and drive better decision making around driver behaviour and how these behaviours impact safety, productivity, and cost containment will become more commonplace.”

Telematics

There are two distinct trends that will lead to telematics becoming more accepted and used by the mainstream. First, there will be an improvement in the standardization of data collected between telematics providers and their devices, as well as between and among vehicle types. Second, manufacturers will begin to offer telematics solutions that better serve full-fleet compatibility.

As these two trends occur, fleet managers will become more comfortable implementing telematics solutions and turning this technology into a true productivity tool.

Keith Allen is responsible for all phases of ARI’s UK business.  This includes financial, operational, sales, and client service oversight.  Keith came to ARI from ALD, where he spent 16 years.  He brings a wealth of knowledge and experience to ARI, holds a Bachelor’s degree in Biochemical Engineering and is a fellow member of The Institute of Chartered Accountants.

For further details click on the button below

Eventbrite - International Auto Finance Network Spring Conference and Awards - Innovation in the auto finance industry: technology, big data and business improvement