Fleet Advantage, a Fort Lauderdale, Florida-based provider of truck fleet business analytics, equipment financing and lifecycle cost management, recently released a white paper titled, “The Future of Transportation Fleets: How Business Intelligence is Steering More Profitable Decisions.” The report takes an in-depth look at opportunities presented to transportation fleets utilizing business intelligence to drive operations and overall organizational financial strategies.
According to a recent industry survey, while big data has been increasingly used across virtually every industry, approximately 33 percent of transportation fleet executives said they still do not have a software platform that allows them to manage their fleet’s total cost of ownership (TCO) all in one place. This is significant since the future of transportation fleets is centered around improving business intelligence. Everything from pricing, operations, truck maintenance, financial decisions and logistics are all based on platforms that leverage, absorb and analyze data that can help create a competitive advantage.
Fleet Advantage’s industry report discusses key performance metrics, maintenance and repair data functionality and what operators should know when choosing a system and provider.
The report also looks at the future of lifecycle asset management and technology resources. The white paper also provides resources that give insight into areas such as maintenance and repair data, vehicle performance and utilization, fuel economy, exception and nonreporting units, replacement vehicle savings and finance costs.
“Business Intelligence has become an important strategy and resource for any leading fleet today. …,” says Jim Griffin, chief technology officer and chief operating officer, Fleet Advantage. “Data and technology that captures, analyzes and interprets fleet operations, truck utilization and asset management will help fleets better manage their TCO spend, which will position them more competitively into the future.”
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