With the global fleet management market tipped to grow from A$38.14 billion to A$78.38 billion by 2027, innovation in fleet technology is fuelling the industry’s boom. According to global fleet management software company Teletrac Navman, the top four fleet tech trends to watch for in 2023 are:
- Artificial Intelligence (AI). AI-powered tech allows businesses to streamline processes, predict trends and interpret data to gain real-time insights. By adopting AI in their fleet vehicles, businesses can help drivers boost productivity and improve on-road behaviour while supporting their health and safety.
- Smart dashcams. While dashcams have been a standard vehicle feature for years, AI-equipped dashcams offer businesses greater visibility beyond video and audio. With this technology, companies can reduce incidents and insurance premiums, prevent fraudulent claims and identify ways to improve driver behaviour.
- Electric vehicles (EV). With EV sales, including hybrids, doubling in 2021 to a record 6.6 million, we’ll continue to see more eco-friendly cars on the road as more businesses implement them across industries. EVs are better for the environment and cheaper to run, which is critical in 2023 and beyond given the rising cost of fuel.
- Driver safety. The transport industry is beginning to recognise the importance of driver safety and the benefits of technology to improve road safety. With the information gained from telematics, businesses can create personalised training and coaching programs to address safety concerns and reward positive behaviour.
As you plan for another busy year, now’s the time to consider how the tech advances of tomorrow can drive your business goals today. With enhanced productivity, safety, compliance and customer service among the benefits of fleet management, we’re here to help you navigate the road to a safer, more cost-effective fleet solution.
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