For many organizations, the Internet of Things (IoT) is at the forefront when it comes to merging connectivity and digital capabilities. In the U.S. today, over 16 million GPS and wireless devices monitor fleet vehicles, drivers, field service workers and assets in the field, which has doubled from eight million units in 2015.1 The IoT is a network that can act as the main point of connection for all of these various tracking devices, as well as all of the data that they generate each day.1 The ongoing adoption of 5G will also further the benefits of the IoT across a number of industries and help drive additional automation.
Why is IoT technology more important than ever?
Experts predict that IoT-generated data will reach nearly 80 zettabytes by 2025.2 This will have a massive impact on fleet operations as businesses look to derive actionable insights from the data already generated by their fleet management solution — insights that can help transform operations and improve the bottom line. Let’s take a closer look at how IoT solutions work in tandem with fleet management technology and discuss the benefits of this integration.