New product launches of smart fleet management to facilitate quick remedial actions

Market players have been launching new products that are equipped with new technologies and sensors. Smart fleet management simplifies operational tasks and improves safety, efficiency, and business performance. New products have been designed with extensive research and development activities. From real-time monitoring of operations to taking necessary decisions, new solutions have been empowering organizations with a fleet. The demand for smart fleet management solutions would increase in the next few years as organizations look for improving overall service, performance of drivers, and reduce costs. Innovations and technological advancements would lead to development of new products. According to the report published by Allied Market Research, the smart fleet management market is expected to generate $98.65 billion by 2027. Following are some of the new launches taking place across the world.

Market players have been launching innovative solutions to improve their service and performance. Farnek, one of the leading smart facilities management (FM) firm, launched new smart fleet management solution to optimize the performance of transport fleet and delivery. The UAE-based company developed an in-house technology for its entire fleet of more than 300 buses, vans, and cars. Following an extensive research and development activity, the firm adopted and adapted the smart technology for its fleet.

Javeria Aijaz, the Director of Technology & Innovation at Farnek, outlined that company’s IT engineers developed its new telematics system with the help of the proven technology. It is a cloud- and mobility-based solution that is powered by the IoT sensors. These sensors are in sync with Google Maps to carry out route optimization. It has been developed by taking its fleet, drivers, service schedule, and customers into consideration. The IoT sensor will be installed in each vehicle to track the vehicle, monitor status of ignition, gain speed alerts, and sending notifications in real time. This system has been designed to improve the drivers’ performance, save fuel, and provide better service than before.

Riding on the trend of launching new products, one of the leading companies in the e-Navigation sector developed and launched its innovative product. NAVTOR launched NavFleet, which is an application developed over a couple of years by collaborating with ship owners. The solution is designed to offer optimization in performance, real-time operational insights, and improved business decision making capabilities. Tor Svanes, the CEO at NAVTOR, outlined that the new product beholds “a future of efficiency, performance, intelligence, and cost control” for fleet owners of different sizes and segments.

NavFleet would collect the real-time data from fleets, vessels, offices, and other sources and integrate all the information in a user-friendly application. This provides situational awareness along with an ability to track and improve vessel performance. The company build new solution based on its core principles and implemented its proven technology and expertise for offering massive benefits for carrying out efficient ship management. Real-time monitoring provided by NavFleet enable office-based teams in finding out if vessels fell short of KPIs, status of passage plans, and others. This helps them in taking faster remedial actions than before.

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