Fleet Management & Forklift Safety Blog

Maximize ROI from a Cloud-based Telematics System

Posted by Neil O'Connell, SVP Technology, Innovation, & Product Development on Nov 27, 2018 4:00:00 AM

Some companies remain hesitant to move to cloud-based telematics because they are not certain that they will receive a return on investment (ROI). They are also concerned about how to manage the potential hassles involved in switching over to a new system. cloud-3017392_640

Sometimes, fear of the unknown prevents progress.

If this sounds familiar, you are not alone. Sometimes managers and IT staff have a hard time adapting to and making the most of new technology, and many remain skeptical about ROI possibilities.

Cloud-based telematic systems improve access to analytics, increase productivity, and reduce costs. Because of this, ROI is easily achieved over time. Yet some businesses hold back, weighing the potential value and fearing the all-too-real change.

But there are ways to maximize ROI. For example, the facility should use all that a cloud-based telematics platform has to offer: the real-time data from fleet telematics, detailed analysis, fleet vehicle tracking from anywhere, easy system upgrades, and added security.

The value gained from cloud-based telematics

A recent study completed by Nucleus Research found that 70 companies that adopted cloud-hosted applications found that it delivered 1.7 times more ROI than their previous on-premises applications and that those benefits increased over time. Cloud-based platforms have evolved over the last few years to offer value-driven benefits like:

Flexibility

Utilization and Optimization

  • Improved Lift/Operator Assignments from Utilization Analysis & Action
  • Battery charging and replacement savings
  • Maintenance savings
  • Fleet reduction savings
  • Respond faster than competitors with the use of enterprise-class technology
  • Make proactive changes to support warehouse safety

Automatic software updates

  • Suppliers complete regular software and security updates, leaving businesses free to focus on other areas

Improved Security

  • Data is more secure in the cloud than in your own offices or data center. Leading providers like Rackspace have a dedicated staff of world-class experts on numerous types of high-level online security.
  • Cost of security hardware and software are reduced: Most companies could not afford larger providers’ level of data security, including staff, security facilities, and regular audits and upgrades.

Capital-expenditure free

  • Cuts out the high cost of hardware
  • Pay-as-you-go subscription based

Easier collaboration

  • Workers can access applications from anywhere at any time with real-time updates

When your enterprise is ready to make the transition, it is important to weigh the capabilities of each system you consider and choose one that will easily grow with your business. Look for a cloud-based platform that offers advanced capabilities that fits your needs and provides easy to digest, value-driven data and analysis and optimum efficiency when it comes to upgrades.

Topics: telematic data, transparency, expanding business, proactive warehouse management, time management, distribution center, fog and edge computing, Software integration, cloud-hosting

Read More