Internet-connected technology is becoming extremely helpful to businesses. This includes those in the transportation industry. As vehicles become smarter, businesses have begun to tap into data to improve their performance.
Though still relatively new, the Internet of Things (IoT) is fast becoming an integral part of commercial trucking. If you incorporate IoT items into your business, you might find several benefits.
IoT Benefits for the Company
Trucking company directors cannot be in every truck all the time. Yet, they still have a responsibility for the safe, efficient transport of goods. Using connected devices, business owners can increase oversight of their services.
- Sensors on trucks can measure fuel efficiency, system performance and even detect breakdowns. This gives the company better information about their vehicles. It can help signal when trucks need maintenance intervention.
- Monitoring devices can help companies track the practices of their drivers. Tracking might allow companies to better enforce road safety practices. This could potentially put a stop to inappropriate actions by drivers.
There’s a very wide range of IoT devices for vehicles, and more constantly come on the market. It's a good idea for company owners to research IoT devices available to them. They might find certain items more to their benefit than others.
IoT Benefits Drivers, Too
Connected technology doesn’t just have to help the company. They can also help truckers themselves. If truckers can receive connected information, they can better adapt their operating practices.
For example, the use of IoT technology can help drivers better plan routes, loads and fueling. It can also monitor driver speeds and safety hazards to help the driver remain vigilant. Furthermore, instant reporting practices can help drivers better adhere to safety compliance laws.
IoT Devices Benefit Your Customers
The impact of IoT devices can extend far beyond the traditional employee-manager relationship. They can also help customers.
If you maintain a connection to your trucks, you will likely have more oversight of transports. A development in reporting services has enhanced a company’s ability to safely deliver products. If you make your tracking information available to customers, many can find a higher degree of satisfaction in knowing when they will receive items.
When your IoT devices work to your benefit, they often reduce the risks of problems for your business. For example, a connected device might prevent an accident, breakdown or product loss.
This might prove positive in the eyes of your trucking insurance company. Insurers have found that the added connection of IoT devices often reduce the chances of a claim. Some of them have even begun awarding discounts for connected devices. Others have started using their own connected devices to track policyholder driving techniques. This will help the company better develop your risk profile, and create more targeted commercial vehicle coverage for your company. For more information on how IoT and your trucking company can see benefits with your insurance contact Integrity Network Insurance Group, LLC at 512-989-6006 or 844-524-4744.
Also check out: Changing Electronic Logging Device Rules: What Companies Need to Know and Reducing Your Trucking Insurance Costs