2021 Perspectives: the rise of video telematics in fleet management
Rapid growth in the adoption of video telematics devices is the most significant technology trend we have seen in the commercial fleet management sector this year.
One of the key drivers of this growth has been the need for commercial fleet operators to get a much clearer picture of what is happening on the ground at a time when supply chains are imploding and vehicles are being kept waiting for hours and even days to offload or pick up shipments at overstretched ports, warehouses, factories, and other facilities.
By enabling operators to monitor the locations of all their vehicles and track the status of shipments in real time using 4G and the cloud, video telematics devices provide managers with the data they need to make better informed decisions on how to allocate scarce drivers and vehicles to meet rapidly changing operational needs.
Video telematics devices are also enabling fleet operators to boost the safety of their vehicles and drivers with their support for accident prevention features such as forward collision warning, lane departure warning, and driver fatigue alerts.
The ability of the devices to automatically shoot video clips of dangerous incidents and upload them in real-time to the cloud further enhances safety by making it easier to determine the root cause of collisions and near-misses and to identify patterns of risky driver behavior that can be addressed through better training and engagement.
The installation of video telematics devices can also help fleet operators to minimize insurance costs and avoid costly “nuclear verdicts”. A single video clip can make all the difference in establishing liability in a court case with hundreds of thousands of dollars of potential damages at stake.
Despite the rapid adoption of video telematics that we have seen this year, the market still in its early stages. We expect growth to further accelerate in 2022 and beyond and will continue to develop innovative new VIA Mobile360 solutions to meet the diverse video telematics deployment needs of commercial fleet operators.
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