Telematics and asset tracking: Data-driven change
By Belinda Smart24 March 2021
The transition from reactive to predictive equipment fleet management is driving telematics and asset tracking. Belinda Smart reports.
Demand is on the rise for telematics in the construction equipment rental sector and the main drive to cost efficiency is supported by new developments that enable machinery and assets to be managed far more predictively than before, with suppliers offering telematics and asset tracking as a diagnostic and cost saving tool rather than an asset location play.
Caterpillar’s telematics offering provides instant data on key engine parameters.
Investing for Return on Investment
Jamaal Crayton, Senior Digital Strategist at Caterpillar, sums up the challenge for the rental sector. “Rental houses don’t make money when a machine isn’t working, and that calculation includes a lot more than breakdowns and maintenance downtime. Every piece of equipment in a rental fleet has unique needs, schedules and use rates that need to be managed to optimise Return On Investment (ROI) and telematics are the key to reaching that goal.”...Sign in to continue reading.