Automotive technology has come a long way. From trying to navigate using physical maps to GPS that points the exact location you are at, technology has evolved and still continues to do so. Today, we can hardly function without the GPS. Technology takes it up a notch and has begun determining how we drive.
Telematics – the latest technology that integrates telecommunications with transportation to make transportation data available in real-time. This technology not only includes navigation and traffic information but also actual driving data. Telematics collates driving data by monitoring hard brakes, rapid accelerations, speed variations, average speed and parking information.
Use of driving data
Who requires driving data? While I may be curious to know how I drive, not everyone is interested. However, there are certain industries that actually benefit from this information. Hence, the purpose of collecting driving information is not focused on individuals who want to improve their driving skills as much as bigger organizations.
Auto insurance has enhanced its services by tracking clients’ driving information. This data helps auto insurers to set premium levels for their clients based on the risk involved in their driving as well as clients who pay how they drive. If the client’s driving style improves then the insurance provider reduces the premium – a win-win for everyone.
Our telematics mobile app – Xemplar – shares the clients’ driving data to auto insurance providers, benefitting both parties.
Benefits
- An insurer can fix premium amounts accurately, reduce fraudulent claims, improve accident investigations and recover stolen vehicles. These are but a few of the advantages.
- Clients pay according to their driving style – less the risk, less the premium.
Fleet owners
Fleet management became stress-free as fleet owners decided to incorporate telematics to monitor drivers. This enables a better quality of driving and services. The safety of the client extends beyond being picked and dropped at the right destination to ensuring safe travel.
Benefits
- Fleet owners can ensure the safety of their customers by tracking the whereabouts of the drivers as well as monitoring their driving skills.
- Drivers are more cautious and at the same time can avoid false complaints as their employers have their driving data.
- Clients have the assurance of a safe ride.
Road assistance
With constant feedback on driving style, there will be a stark improvement in road safety and people’s driving skills. In case of accidents or auto thefts, authorities can accurately determine when and how the incidents took place.
Benefits
- Road assistance is quicker and improved as it becomes easier to determine the cause of the accidents or breakdowns.
- Auto thefts can be easily detected as the information is always available in real-time.
In conclusion, vehicle telematics has revolutionized the automobile industry.Whether it is an insurance provider, fleet owner or individual, everyone is beginning to share driving information. In due time, sharing driving data will become as crucial as having a GPS.
