Skip to main content

Construction Vehicle Fleets will Adopt M2M Telematics

Heavy construction and mining equipment is going online, thanks to M2M apps and the Internet of Things. Although the penetration of telematics in the industry on the whole remains low, operators are gradually beginning to realize the benefits as more and more OEMs include telematics solutions as standard in their vehicles.

Most heavy-duty vehicle operators cite the tracking capability of their telematics systems as providing the most immediate initial benefit to their businesses, as it helps to reduce vehicle theft and misuse, thus reducing insurance premiums.

But telematics can also promote better machine utilization, reduction in fuel consumption, and enable more efficient maintenance and repair schedules.

Additionally, it can help fleet operators with safety compliance by enabling them to control site access and observe noise limit requirements through the use of the geo-fence and time-fence features of their telematics systems.

Most construction fleets are mixed fleets comprising vehicles from different OEMs and often include on-road vehicles in addition to off-road vehicles.

Although many OEMs have implemented telematics solutions in their machines and vehicles, all these systems are different and mostly incompatible with each other. As a result, standardization continues to be a key problem holding back the adoption of telematics in the construction equipment sector.

"As construction fleets adopt telematics, fleet operators are increasingly demanding more standardization, easier interfacing, and a single-source site for all OEM API data," said Gareth Owen, principal analyst at ABI Research.

"Some progress has been made in recent years with OEMs such as Caterpillar, Komatsu, Volvo, and John Deere working with aftermarket suppliers such as Navman Wireless and industry bodies to develop standard APIs for some of the basic data such as vehicle identification, location, and hours of use.

Some operators, such as rental fleet companies, are also calling for standardization of more advanced data feeds such as geo-fencing, immobilization, safety devices and alerts, and no doubt this will follow,” adds Owen.

Recently, Caterpillar announced that it and long-term partner Trimble have developed a brand agnostic fleet management and site productivity solutions platform designed for contractors with mixed equipment fleets.

The two companies have for many years been operating a telematics network for construction fleets via a joint-venture company. Clearly, there's a potential upside growth opportunity for M2M service providers that can demonstrate meaningful domain expertise in this area.

Popular posts from this blog

Big Data Analytics Revenue to Reach $215.7 Billion

Across the globe, more leaders seek actionable insight from the customer data they've stored in huge data lakes. Worldwide spending on big data and business analytics (BDA) solutions is forecast to reach $215.7 billion in 2021 -- that's an increase of 10.1 percent over 2020, according to the latest worldwide market study by International Data Corporation (IDC). Moreover, BDA technology investment will likely gain momentum over the next five years as the global economy recovers from the COVID-19 pandemic. The compound annual growth rate (CAGR) for global BDA spending over the 2021-2025 forecast period will be 12.8 percent. Big Data Analytics Market Development "As executives seek solutions to enable better, faster decisions, we're seeing relatively healthy BDA spending across all industries. Leveraging data for insights into everything from internal business operations to the customer journey is top of mind and of strategic importance," said Jessica Goepfert, vice

Why Cloud Fuels Net-New Digital Business Growth

CEOs and Line of Business (LoB) leaders seek the fastest path to meaningful digital transformation advancement. Meanwhile, investment trends in cloud computing infrastructure continue to expand the capabilities, accelerating growth across all segments within the public cloud services market. According to the latest worldwide market study by Gartner, the four key trends are cloud ubiquity, regional cloud ecosystems, sustainability or carbon-intelligent cloud, and automated programmable cloud infrastructure. "The economic, organizational and societal impact of the pandemic will continue to serve as a catalyst for digital innovation and adoption of cloud services," said Henrique Cecci, senior research director at Gartner . "This is especially true for use cases such as collaboration, remote work, and new digital services to support a hybrid workforce." Global Cloud Computing Market Development Hybrid, multi-cloud and edge computing environments are growing and setting

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente