Can GPS Fleet Tracking IoT Benefit Small Businesses?

Posted by StriveSafe on May 20, 2019 3:04:18 PM

The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects using hardware with sensors which communicate and can be remotely monitored. - Wikipedia

Fleet GPS tracking and driving safety devices fall into IoT because they use hardware to capture and track driving behavior and locations, transmitting this information into a cloud-based portal where business can then monitor and run data analytics. So how does this apply to your small business?

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You: We’re a small business, we don’t have a fleet so how could this benefit us?

StriveSafe Says: If you have even one employee who is operating a vehicle for company business, then you have a ‘fleet.’

There is no size parameter in the definition of a fleet. There is no minimum.

Before you dismiss the idea of a IoT telematics or fleet management tools because you are a small business, ask yourself these questions:

  • The average cost of a motor vehicle incident with injury is $300,000. Would my company survive such a financial hit?
  • What kind of impact would as much as $900 in annual fuel savings, per driver make on my business?
  • How much would a discount on my insurance premiums help my bottom line?
  • Are all of my drivers, vehicles, and equipment assets where they need to be? Did they get there in the most efficient way?
  • Am I doing everything I can to ensure the safety of my employees in the field or on a job site?

It doesn't have to be complicated. You can now use technology in the IoT space to keep your employees safe, reduce risk, cut your expenses, and operate your business more efficiently.

Ask StriveSafe about our GPS solution today and you can claim the cool new buzz word "Internet of Things" helped your business.

Topics: driving safety, telematics, IoT