Experts trace the beginning of the digital revolution all the way back to the 1950s, but it wasn’t until recently that technology became so disruptive. In the years following the financial crisis of 2008, industries across the world saw exponential growth — so much so that the ability to adapt to innovations in tech became one of the key factors for success. Some companies famously took advantage of technology to become giants in their industries, while some famously flopped, and even more have been steadfast in attempting to stay afloat without adapting, confident that their brands can survive on old business models.
Regardless of how disruptive technology may be, there is no denying that it plays a vital role in keeping a company or an industry afloat and thriving. A post on Medium reiterates how technology helps companies gain a competitive edge and provide better products and services through reduced costs, reduced time, and efficient processes. More often than not, distinctions are even given to institutions or companies that have been able to exemplify great adaptability to and utility of technological innovations. For instance, in the field of education, Maryville University notes that Apple has distinguished schools for their technological leadership, branding them as among the most innovative schools in the world. Across industries in the US, any manufacturer, designer, engineer, or promoter who has shown exemplary innovation in delivering products is given recognition through the Consumer Technology Association CES Innovation Awards. Brands who are recognized by the CES Innovation Awards often report a considerable increase in profits, as the award often increases visibility and is seen as a symbol of trustworthiness.
Despite the established benefits of keeping up with—or maybe even innovating—technology, the very act of doing so can still be a challenge to many, especially smaller brands. Green Fleet reported that 38 percent of managers still find it hard to stay updated with the latest developments in the fleet sector. Even though the industry is being changed by technology, as seen in the emergence of driverless vehicles as well as data and smart infrastructure, fleet managers are still having a hard time leveraging technology to stay competitive and promote efficiency. Nonetheless, as technology shows no sign of stopping anytime soon, fleet managers need to evolve and adapt. Here are some more reasons why:
Encourage road safety
Accidents are inevitable, especially when one’s safety on the road doesn’t solely rely on the way an individual drives, but also on the other drivers around them. Fleet managers can encourage safety through the use of GPS tracking that locates road hazards and car crashes, and applications that update drivers through text-to-speech features. Through innovations such as our Live Streaming Fleet Camera System, fleet managers will also be able to see their drivers in real-time. Among the many ‘Benefits of Fleet Cameras’, the most important is that camera systems can help manage risks by allowing fleet managers to monitor driver behaviors that could lead to accidents, as well as tailor training programs that will address these. Improved safety can help prevent accidents, which, in turn, can help reduce insurance claim costs and expenses.
Greater coordination and communication
It’s a well-known fact that technology has completely changed the way people communicate. However, it is even more crucial for fleet managers to have access to technologies that allow for easier communication, given that the people they handle are all in different locations at the same time. Through technology, fleet managers can keep in touch with drivers and better coordinate them, no matter how big the fleet may be. Ease in communication, for those in the fleet industry, also translates to better services as it enables them to answer to schedule changes immediately and adopt last-minute changes.
To save money and time
Operation costs take up most of a company’s income, especially for small businesses. Entrepreneur noted that for small fleet management businesses, when expenses increase, investments towards new technologies and systems that are instrumental for the business’ survival decrease. Luckily digitalization can help in achieving objectives despite limited resources. By embracing and understanding technology, fleet managers can employ and make use of applications that will cut costs and save time. For instance, fleet managers can use applications that locate traffic and suggest faster routes, as well as those that track working hours and delivery accomplishments.
By: Aria Victoria