GE Expands Award Winning Telematics Solution to Canada.
General Electric (NYSE:GE) is expanding its award winning telematics solution to Canada, the company announced today. The offering, which was rolled out in the United States in 2006, gives companies with fleets of vehicles the critical line of sight into how their assets are performing in real time.
General Electric (NYSE:GE) is expanding its award winning telematics solution to Canada, the company announced today. The offering, which was rolled out in the United States in 2006, gives companies with fleets of vehicles the critical line of sight into how their assets are performing in real time.
"Now more than ever, businesses are looking for smart, efficient ways to reduce operating costs while simultaneously increasing productivity. Our solution provides an answer, offering a powerful suite of back-office fleet support services with robust analytics all on one easy to use integrated platform," says Stephen Ulanoski, General Manager, GE Capital Solutions Telematics program.
Visibility, Knowledge, Competitive Advantage
GE's comprehensive telematics solution provides web-based access to vehicle asset performance metrics including CO2 emissions as well as related alerts, trend charts, exception reports, and customizable mapping. The integrated solution not only allows customers to see in real time where their assets are; it offers clear strategies for improving performance and puts them on their way to greening their fleet operations.
Click here to watch a brief video that explains telematics in more detail.
GE's six-sigma trained fleet telematics experts compile more than 100 customized reports. These allow businesses to take into account stop frequency, stop duration, and drive time, along with many other critical data elements demanded by diverse fleet types. The reports and analysis helps customers understand the impact of each on their business.
"For example, if it takes 30 minutes to visit one customer and 60 minutes another, the data and our analysis helps our clients understand what's behind that. Once that's captured and the costs are understood, we help our clients take proactive steps---whether it is better route planning or more strategic resource allocation and pricing---to optimize the operation. The results are immediate and significant, delivering the competitive advantage our customers want and need, especially now," Amit Jain, Product Manager, GE Capital Solutions Telematics program.
Big Results
Augmented with additional current fleet data, actionable recommendations provided by dedicated telematics consultants enable significant operational improvement in a fleet's performance and cost management. On average, customers have realized double-digit percentage improvements in worker productivity, expanded business capacity, fuel consumption, carbon emissions, accident rates, and overtime costs.
Moreover, because delivery, sales and service calls are completed more efficiently, businesses using telematics are better able to meet their customer service level agreements. This strengthens customer loyalty and drives more revenue.
For a leading pest control company with 1,000 vehicles, the monthly telematics benefits alone have resulted in a savings of: 190,000 litres of fuel; 20,000 hours of drive time; 450 metric tons of CO2 savings and 8,000 hours of operational planning.
High & Immediate Returns
GE's telematics solution is available for a flat monthly subscription fee. Customers pay for the product as they realize the benefits, instead of making a significant up front capital investment. As a result, they quickly realize an ROI--which can be anywhere from 2X to 8X-- which can increase over time.
Stephen White