What You Need to Know for Fleet Management in 2023.

Amid the global recession concerns, fleet management statistics show a spike in growth rate despite the high stakes in 2022. Additionally, most sectors have seen a sharp rise in the adoption of fleet management technologies to aid in the administration of sizable fleets.

Depending on the nature of operations, rental companies can classify their operations and assets into two categories I.e. on rental assets and off rental assets.On rental assets: This is the duration that beginswith the hiring of assets and ends when it is returned or charged while off rental assets is the time during which assets are returned till they are ready to be hired again. The process can be monitored and operational efficiency can be enhanced with the implementation of telematics. The technology helps in identifying the assets being idle, maintainance schedules be met and when it is ready to be rented again. During this duration assets are not monetizing but revenues can beupstream and utilization of assets can be analysed.

Vehicle supply, cost inflation, longer maintenance periods, the management of telemetry data, and enhancing fleet efficiency through technology have been common fleet management concerns in 2022. #Fuel economy and cutting fuel costs continued to be major issues as diesel prices touched historic highs this year.

In #2023 to make the best choices at the appropriate times, fleet managers must facilitate timely fleet maintenance to manage and oversee their fleets by utilizing fleet management tools such as Eagle-I. It is expected maintenance cost of vehicles will see a sharp rise considering the adoption of advanced synthetic automobile oils. Eagle-I delivers a stress-free fleet maintenance solution that will enhance your fleet’s productivity and profitability by eliminating unexpected downtime and enhancing overall efficiency in the maintenance and repair process by generating maintenance alerts on a weekly/monthly basis to highlight specific areas of focus in order to eradicate potentially critical warnings. Moreover, scheduled maintenance alerts can also be generated.

The Fleet Management market is predicted to increase at a compound annual growth rate (CAGR) of 15.5% between 2022 and 2027, from USD 25.5 billion to USD 52.4 billion as per the report published by Markets and Markets. Telematics and Fleet Management software such as Eagle-i will play a crucial part in assisting businesses in reaching their bigger #sustainability_goals as the fleet sector pivots to achieve net zero. Carbon emission monitoring and transition away from reliance on gasoline and diesel-powered vehicles will be a step to clean mobility. Fleet managers should seek AI-powered Fuel & CO2 solutions in 2023 to monitor driver behavior, boost fleet efficiency, and minimize CO2 emissions. In 2023, organizations should seek solutions that allow them to establish delivery ETAs, track equipment, access predictive maintenance and analytics, and monitor fuel use and CO2 emissions.

To support and protect your business in the challenging market conditions, utilize Eagle-I’s advanced fleet management software backed by big data and data science techniques to analyze and interpret the data for company-wide visibility and management

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