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Top fleet management insights for Australian businesses

By Verizon Connect Team February 2, 2024

The number of businesses adopting fleet management technology continues to increase across Australia every year. More business owners want to transform their companies into data-driven organisations that have real insights of how their fleet is performing. This can help improve productivity, manage fleet costs and improve daily operations.

A greater number of professionals in Australia are relying on fleet management technology to ensure their organisations are smart and connected. In fact, the last Fleet Technology Trends study revealed that fleet technology is increasing in popularity every year. 

The most utilised technologies in Australia in 2023 were: 

  • GPS tracking 72%
  • In cab video (including front-facing and driver-facing cameras) 48%
  • Asset/trailer/equipment tracking 47% 
  • Field service management (scheduling, dispatch, communication) 49%

Interestingly, asset tracking and in-cab were the top fleet management technologies that grew the most in Australia – a 6% increase compared to 2023. Fleet management technology can help with monitoring  expensive equipment, finding new ways to enhance workflows, improving utilisation, tracking maintenance and extending the life of your assets.

Fleet management technology has become key to daily business operations and provides owners with tangible business results. Here are the key insights that Australian fleet managers and mobility professionals shared in the last Fleet Technology Trends Survey. Learn how these findings can help you and your business. 

Let’s get started:

1. GPS is the top fleet management technology used in Australia (again!)

Managing a fleet and its equipment is a daily challenge for fleet and business managers. GPS fleet management technology provides significantly more value than simply just points on a map.

It is a game-changing management solution that results in a connected, smart fleet. This is as a result of real-time triggers that provide information about fleet performance. GPS fleet management technology can help improve day-to-day operations, boosting efficiency, productivity, safety, sustainability and potentially even reducing operating costs.

A GPS management solution can help unveil your fleet’s potential and enables you to:

  • Monitor daily operations in near real time: Boost the safety and security of your team and vehicles. 
  • Reduce fuel consumption across your fleet: Decrease operational costs and improve business profitability.
  • Transform your productivity: Manage your team’s work time better.
  • Manage and reduce your fleet costs: Analyse costs, identify best practices and take measures to improve the efficiency of your fleet, on a daily, weekly or long-term basis.
  • Optimise your routes: Choose the quickest and safest routes. Also, reducing congestion helps to reduce fuel consumption.
  • Establish a preventive vehicle maintenance program: Promote good fleet performance. This will improve the safety of equipment, vehicles, vehicle availability and fuel consumption. Poor vehicle maintenance can increase fuel consumption and, if not corrected, can lead to costly mechanical breakdowns.

With all of these benefits, it’s easy to see why 84% of Australian fleet managers using fleet management solutions rated GPS fleet tracking software as “extremely or very beneficial” when it came to managing their fleets.

Download the full Fleet Technology Trends Report Australia 2024 to learn more about all the key insights, trends and results achieved by Australian fleet professionals that can also help your business.

2. Fleet management makes a big impact on businesses

The use of fleet management technologies can make a significant difference to any business and help achieve its goals. In fact, the results of the Fleet Technology Trends Survey in Australia showed that the majority of respondents found the technology greatly beneficial for their businesses.

We share 5 of the top 13 improvements that Australian businesses achieved since implementing a GPS fleet management system: 

  • Improved customer service 56%
  • Improved EWD/regulatory compliance 54%
  • Improved routing 46%
  • Improved productivity 49% 
  • Decreased fuel consumption 49%

Download the full Fleet Technology Trends Report Australia 2024 to learn more about the top 13 improvements achieved by Australian fleet professionals that can help your business.

3. Fleet management is a worthwhile investment

As showcased by the study, fleet management technology brings real results for real businesses. This prompts the question: how long will it take to achieve a return on investment?

Well, 91% of Australian businesses achieved a positive Return on Investment (ROI) in one year or less. The remaining 9% still achieved a positive ROI, however it took more than 12 months.

Investing in fleet management technology that pays for itself is a smart business decision.

Return On Investment timeframe for Australian businesses*: 

  • Less than 3 months 6%
  • Between 3 and 6 months 32%
  • Between 7 and 12 months 53%

Advance your fleet and business

The Fleet Technology Trends Report Australia 2024 showcases even more ways fleets are using technology to overcome business challenges, achieve their goals, improve efficiency and productivity and drive down costs. 

Stay ready. Stay competitive. Download the new Fleet Technology Trends Report Australia 2024.

Verizon Connect Team

The telematics industry is moving at a fast pace. With new developments, use cases and feature sets emerging every day, it can be challenging to make the right decision for your fleet business. Verizon Connect Staff is conceptualized to be a partner for your business and help you make smart choices based on useful content.

Tags: Cost Control, Customer Service, Productivity & Efficiency

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