ArticlesThe use of telematics in heavy equipment

THE USE OF TELEMATICS IN HEAVY EQUIPMENT

Telematics refers to the process of capturing and processing data through telecommunications and informatics. The heavy equipment industry plans to utilize the technology more, to measure and optimize the maximum utilization of a fleet. Telematics serves as a management solution that combines ruggedized hardware, powerful website applications, global satellite data and cellular data communications to track assets in the farthest reaches of the world. Additional abilities include:

  • Tracking asset allocation
  • Better schedule repairs
  • Operator efficiency improvements
  • Theft reduction
  • Fuel consumption reduction
  • Fuel tax refunds
  • Productivity improvements
  • Accurate estimates for jobs

Telematics have been popular in the automotive and car insurance industries, but many companies have discovered definite integration benefits in the heavy equipment industry as well. The ability to instantly attain location data, and a list of vehicles showing the status of each, gives companies the control to instantly optimize equipment in one centralized, web-based interface.

DuckerFrontier provides clients within both the building and construction industries, as well as the heavy equipment industry, with in-depth global research, thoughtful analysis and cutting-edge market intelligence. DuckerFrontier’s services and capabilities within the telematics industry include:

  • Component sourcing forecast and planning
  • Technology testing, feasibility and launch assistance
  • Regional opportunity assessment
  • Production forecasting
  • Competitive analysis
  • Identifying acquisition and merger candidates
  • Price and cost analysis
  • Supply chain analysis
  • Market assessment