What Will Fleet Management Look Like in 10 Years?
Commercial fleet management is essential to any business that relies on transportation to deliver goods and services. However, with the increasing competition in the market, fleet management must adapt and change to help companies to remain competitive.
Read on to discover the predictions for commercial fleet management methods and begin improving your business early.
Changes in Business Models
The next decade will see significant changes in commercial fleet business models, such as the rise of the sharing economy and the shift towards on-demand services, which are expected to significantly impact fleet management for commercial fleets. With the growing demand for flexible and on-demand transportation services, commercial fleets may need to shift towards more flexible and adaptable fleet management strategies. This may involve using leased or rented vehicles rather than owned vehicles and developing new partnerships and collaborations to meet changing or seasonal customer demands.
Commercial fleets will need to adapt to these changes by incorporating more sustainable fleet practices into their fleets and developing new strategies for operating, managing and maintaining these vehicles. This is predicted to involve investment in infrastructure related to fuel additives such as AdBlue pumps and HVO Storage, training staff on new technologies, and developing new partnerships with eco-fuel suppliers and logistics providers.
To meet the needs of these new business models, fleet managers will need to become more flexible and sustainable using innovative technologies such as telematics and GPS tracking to optimise fleet operations.
Introduction of AI for Fleet Management
Over the next decade, existing commercial fleet technologies are expected to grow significantly, with a particular focus on AI for fuel management, asset management, and telematics. AI is an emerging tool affecting many sectors of the economy, and fleet management systems are no different.
Detailed Automated Analysis
AI systems will help fleet managers optimise fuel consumption by analysing driving behaviour, traffic patterns, and vehicle performance data.
The current versions of these systems already provide real-time recommendations for drivers on reducing fuel consumption, such as suggesting the most efficient routes, reducing idling time, and avoiding aggressive driving. These are predicted to reduce most types of costs related to fleet fuel management.
Constant Asset Monitoring and Management
Asset management is another area where AI is expected to impact significantly. By analysing vehicle performance and maintenance history data, AI-powered asset management systems will predict when vehicles need maintenance or repairs, allowing fleet managers to schedule maintenance before a breakdown occurs. This will reduce asset downtime, repair costs, and extend your vehicle’s lifespan.
Improved Wireless Telematics
6G for Commercial Use
Commercial fleets have been embracing the benefits of wireless telematics technology thanks to 4G systems. We are in a transitional period as many businesses upgrade to 5G to improve their wireless capabilities. This pattern is expected to continue, with 6G already announced for commercial release within 2028.
5G offers even faster speeds, increased bandwidth, and lower latency than 4G, making it ideal for more advanced telematics systems, such as vehicle-to-vehicle communication and autonomous driving. 5G also transforms fleet communications, enabling faster and more reliable communication between vehicles and management systems.
The planned 6G is expected to take things even further, with faster speeds, increased capacity, and lower latency than 5G. This will enable even more advanced telematics systems, allowing for real-time tracking of vehicle performance and location added to the previously stated capabilities.
6G is expected to support the growth of new applications and services, such as augmented reality and virtual reality, which could be used for driver refresher training.
AI supporting Existing Telematics
Wireless telematic data is another area where significant changes are expected over the next decade. Telematics systems use GPS and other sensors to track vehicle location, speed, and other performance metrics. These are in support of the previously mentioned automated data analysis.
This collected data is used to optimise routes, reduce fuel consumption, and improve driver safety. Over the next decade, telematics systems are expected to become even more sophisticated with the introduction of AI systems; they will have the ability to analyse data in real time and provide drivers with real-time feedback on their driving behaviour.
This will also help reduce accidents and improve overall fleet safety while reducing costs.
State-of-the-Art Fuel Management Solutions from Fueltek
Onsite fleet management is already a great investment and will continue for the foreseeable future. The next 10 years are expected to change commercial fleet technologies significantly. By leveraging these technologies, fleet managers will optimise operations, reduce costs, and improve safety, making it an exciting time for the industry.
Regardless of these exciting advancements, onsite diesel fuel dispensing will continue to be crucial for fleets and trades looking to keep fuel costs as efficient as possible. Investing in bunded fuel tanks allows fleets to purchase fuel in bulk, which can lead to significant cost savings with wholesale prices.
In addition, by investing in our high-quality fuel monitoring systems, commercial fleets will ensure that they have a reliable and cost-effective fuel source, regardless of the changes in the industry. Contact us to discover how our effective packages will help you improve your business over the next decade.