Prices in telematics. Do they reflect their quality?

No matter the size of your fleet, using telematics adds value from day one of implementation. The managers unlock the possibility to understand how their vehicles (no matter what type – cars, trucks, trailers, ships and many more) can become an important data provider for their business. Simply put, telematics supports fleet tracking, management and prediction of what will happen to various parts of the vehicles. That being said, the expenses with a qualitative telematics system is a long-term investment that proves its efficacy from day one of implementation.

Improved Fleet [add your needs] Depends on Better Data

You can complete the sentence with “real-time visibility”, “KPIs”, “operating costs”, and more. Better data means accurate data. Once you choose the telematics provider that is able to read all your fleet data in an accurate manner, your “everything” related to your fleet will improve.

A telematics system is way beyond GPS Tracking. While this technology alone is very powerful for any fleet manager, with benefits such as reduced fuel consumption and maintenance costs (leading to higher revenue), a mature fleet management system provides data that help improve almost every aspect of a fleet, from driver behavior to vehicle performance.

Added to the cost advantage, fleet managers can benefit from many more aspects when choosing accurate telematics. Our top advantages, based on the opinion of our customers, are described below:

  1. Improved safety

We would call this aspect the most important, as we speak here about human lives. Not only drivers’, but also the other participants in the traffic.  Telematics solutions such as Driver behavior automatically tag both bad and good driving events and provide a monthly safety score for the entire fleet and individual drivers. Based on this data, fleet managers can train and support drivers to obtain better scores and thus, increase safety.

  1. Regulations compliant

The complicated set of trucking and other vehicle regulations could be hard to follow by fleet managers and drivers as well. Telematics help fleets comply with those regulations by monitoring driving hours, and managing logging systems. By relying on a complex and effective Fleet management system helps avoid penalties and drivers sidelining.

  1. Reduced vehicle breakdowns

Vehicle maintenance is hard to track manually. It means that somebody would technically check each vehicle manually after each trip. Telematics do this automatically, eliminating the guesswork and increasing the tracking maintenance based on the miles driven and events instead of calendar dates. Once you install a telematics system that diagnoses early errors and issues, your fleet works at high efficiency scores and you avoid any minor issue become an expensive problem.

How much money are companies willing to spend for a qualitative fleet management system?

No matter the size of your fleet, telematics are aimed to support fleet tracking and management and provide real-time data, to help managers detect issues and errors… only if they are optimized correctly and use quality data.

The most discussed topic when it comes to telematics is their price. Our CMO, Bianca Barbu, often wears conversations around this subject.

“I hear pretty often comments related to pricing when it comes to telematics. The most common lines are: “ohhh, it’s expensive” (compared to what), “I have now different prices from X” (yes, you do, but the present solution that you have didn’t solve your problems), “I don’t need so many features” (you do not use all the features from your smartphone, but you are prepared and you buy a new smartphone every year- not to mention the price).

When we make a buying decision for ourselves we consider high-quality products even if they are expensive because they look better, they last longer and they fit our needs.

I am curious to know about the buying decision when it comes to telematics products and services.”

This situation created the need to consult other fleet managers’ opinion on the subject. Asked “What a reasonable price for a telematics solution means to you?” on a poll, here is what they answered:

In order to deliver the promised results and add value to the insights offered, fleet managers need to acknowledge how important it is to opt for a qualitative solution. You can see here how much an inefficient solution influences the data obtained, in an example on fuel measurement.

What does a good telematics provider offer?

Let’s start with answering the question What does Cango Mobility not offer? Poor data. We strive to improve our solutions continuously to track and manage our customers’ fleet efficiently and adjusted to the real parameters. While it is important to note that telematics are not a one-size-fits-all solution, be sure that they can be optimized and personalized to any company’s needs. 

No matter what parameters you wish to optimize, track and manage, the only important thing to keep in mind is that they need to offer qualitative data (meanig real data), so you can instantly intervene and fix any error.

If you are willing to understand and maintain your fleet efficiently, do your company a favor and opt for a qualitative telematics solution.

Bianca is here to hear more from you and help understand which solutions fit your needs and how are they created in order to offer you the best insight. 

Schedule a call with Bianca.

Latest articles

CANbus Library

Interact with over 3000 library supported vehicles in real-time, to gather data or issue vehicle commands!