Telematics, Big Data and Business Analysis are the three important areas that are already driving the transportation industry. In this article, we'll look at how big data analytics, coupled with information processing insights, can help transform the global transportation industry.
The future of telematics is with Big Data. And at UNICOM we believe that the most efficient way is for all the data to be in the management software, be it an ERP or a TMS such as MERIBIA Transportes.
Traditionally, in most transport companies, specialized business processes have always been analyzed and modeled from whatever limited empirical information or contextual information is available to them. Adequate data was few and far between. Or, even if the required data was available, the companies hardly had any technological savvy with them to harness all the information needed for their use. It was quite a difficult task to deal with a situation where companies relied heavily on conventional methods, such as going through previous driving records, even taking into account people's age and gender, local demographics for accurately predict risk levels among your consumer base. This was haphazard, awkward, and unreliable.
Now, with advanced big data analytics, the accessibility of vast amounts of information, and the science of telematics are giving current understandings a new perspective , offering new conversation starters and creating new potential results that weren't really possible before. “Big Data†as we know it is changing everything for the better. It's changing the way vehicles are built, how they work, how we use them, and how they collaborate with everything else in this world: from vehicle assembly to insurance underwriting, traffic modeling to route optimization. traffic, Big Data is changing the world. of the auto/fleet transportation industry in a big way.
Big data analytics plays a huge role in the field of telematics. The fact is that the science of telematics involving telecommunications and vehicle technologies demonstrates how big data analytics can improve supply chain management, fleet management, increase throughput and dramatically reduce material costs, Not to mention the quality and safety issues that never get. committed to proper big data analysis. In fact, using relevant data leads directly to more opportunities. It is in this context that we will see how Big Data is contributing transformative elements to the various sectors of the industry, especially in the insurance, finance, automotive and transportation sectors and others, and improves their business processes.
Telematics all the way
Telematics is ushering in an era of great change. The way vehicles are insured and how they are driven or serviced is changing for the better.
We have seen in the past that vehicle insurance and maintenance standards were based on some kind of guesswork and on approximate use of available raw data. But with the use of telematics, strong data evidence can be quickly accessed that can revamp entire branches of commercial companies and change drivers' driving behaviors.
Thanks to telematics, the Large amounts of data that can be derived from vehicles can also be made available to drivers. This is also one of the big changes that telematics promises. When it comes to valid data, there are easy ways that people can immediately access from their connected car, and this same data can also be passed on to manufacturers or insurance companies. So when the data is available and accessible to users, there will be a better understanding of the performance of their vehicles, ultimately helping drivers adopt good driving behaviour. Drivers will have access to GPS-related data that will allow them to understand their driving styles, including real-time information on fuel consumption, speed limits, acceleration, braking, phone distraction, etc. All this useful information can affect not only driving. Performance, but it can also extend the longevity of your cars.
Driving innovation and continued growth in auto insurance
To give you an example: consider the insurance industry. Thanks to the great combination of telematics and big data analytics, companies Insurance companies can improve their business processes to an extent that was not possible before.
Basically, the insurance industry is based on analysis and probability. Therefore, having adequate access to accurate and in-depth data that identifies with each client's lifestyle and risk is always in the best interest of the insurance industry. This is an area where telematics has been adding a lot of significant value propositions that are very important to insurance companies and their paying customers.
With telematics and big data analytics, insurance companies Insurance companies don't have to resort to guesswork to set premiums for their customers. It has allowed insurers to reward policyholders, who show good driving behavior and check their vehicle.
