Video telematics is transforming the way fleet managers operate, offering a powerful combination of cutting-edge dashcams, advanced analytics, and fleet tracking technology. With the ability to provide real-time data and insights into safety and driver behavior, video telematics enables fleet managers to make better decisions and optimize their operations, taking their businesses to the next level.
As reported by Market Research Future (MRFR), the commercial vehicle telematics market is set to reach a staggering USD 181 billion by 2030, with a compound annual growth rate (CAGR) of 18.5%. A key driver behind this growth has been the need for commercial fleet operators to have a clearer picture of what is happening on the ground at any given time. Video telematics devices help fleet operators gain visibility into their operations with insights about safety, driver behavior and risk, providing managers with the data they need to make to make their fleets safer and more efficient.
Video telematics devices support accident prevention features such as forward collision warning, lane departure warning, driver distraction and driver fatigue alerts. In this blog post, we will delve into the impact of video telematics on driver performance and behavior in the transportation industry. We will explore how video telematics can help improve driver performance, look at examples of how video telematics has improved driver behavior, and discuss the benefits of video telematics for fleet managers.
Video Telematics and Driver Behavior
The benefits of using video telematics to monitor driver behavior are numerous. The data collected by video telematics include traditional metrics like speed, location, acceleration, braking, and vehicle handling, and insight into risky driving behavior such as tailgating, stop sign violation, distracted driving, cell phone usage, drowsy driving, etc. Video telematics helps identify patterns of behavior that may pose a risk to driver safety and provides an opportunity to address them before accidents occur. This information can also be used to provide personalized and actionable driver training and coaching, resulting in improved driver behavior, reduced accidents, and lower operational costs.
- In-cabin coaching: Video telematics with edge AI can provide real-time alerts to drivers upon detecting risky driving like distraction, use of cell phone, tailgating, etc. Real-time alerts help prevent bad outcomes, ensuring the safety of the driver at all times.
- Driver coaching: Video telematics provides visibility into risky driving behavior which otherwise is not available to fleet managers, which enables them to provide personalized feedback to drivers. This feedback helps drivers become self-aware and drive in a less risky manner – thus improving safety.
- Driver motivation and gamification: Video telematics provides context that can help recognize heroic driver behavior – for e.g., hard braking to avoid an accident that was not their fault. By using video telematics to reward drivers for good driving behavior, fleet managers can motivate drivers by focusing on the positives, the great things drivers do in their everyday lives. By rewarding drivers who improve the most, fleets help make roads safer for everyone. Improved engagement means better driver satisfaction – in the era of driver shortage, a highly engaged driver workforce can be a superpower for fleets.
- Driver exoneration: Video telematics, particularly dashcams and trucks with multi-camera systems installed that provide a 360-degree view around the truck, can be used in incident reviews and litigation to demonstrate that a driver was not at fault during an accident or any suspicious activity, exonerating the driver involved in a crash, or exposing a scam. Even in cases where the accident was unavoidable, video evidence ensures that there is no exaggeration of claims. Knowing what exactly happened at any time helps fleets avoid nuclear verdicts and protect themselves against fraud.
- Accountability: Video telematics allows carriers to examine cargo claims more thoroughly and at a lower cost by providing access to cargo photos at the pickup and delivery sites. These photographs give a clear record of how the cargo was loaded and how it appeared upon delivery, creating accountability and reducing the likelihood of fraudulent claims.
- Cargo theft detection: Video telematics can help detect cargo theft quickly, and fleet managers can receive an alert notification in case of any theft. Dashcams, particularly additional cameras around the vehicle can also help managers identify thieves and locate landmarks to pinpoint the location of a vehicle.
Impact of Video Telematics on Driver Performance
The use of video telematics has been shown to improve driver performance significantly by helping reduce dangerous driving habits. Drivers who are monitored using video telematics tend to be more cautious, follow safety protocols, and drive more efficiently.
Driver-related factors are responsible for 88% of large truck collisions and 95% of light passenger vehicle collisions, suggesting that the majority of the 5,000,000 road collisions, 30,000 fatalities, and 1,500,000 injuries that occur annually in the United States can be avoided.
A fleet’s collision frequency largely depends on the skills and abilities of its drivers. This is where video telematics can play a transformative role. Real-life examples of how video telematics has improved driver performance are numerous. According to a report by Frost & Sullivan, video telematics solutions have been found to lower driver distraction by 80%, reduce speeding by 65%, reduce collisions by 60%, reduce claims by 25%, and increase seat belt usage by 70%, demonstrating their effectiveness in reducing accidents and aiding in incident investigation.
Improved driver performance has a significant impact on the transportation industry. Firstly, it reduces the number of accidents and injuries, leading to fewer insurance claims and lower insurance premiums. Secondly, it reduces maintenance costs and fuel consumption due to more efficient driving. Thirdly, it improves customer satisfaction by ensuring that goods are delivered on time and in good condition. Lastly, an engaged driver workforce can be a superpower for a fleet in these times of crippling driver shortage.
Benefits of Video Telematics for Fleet Managers
Video telematics offers numerous benefits for fleet managers and the transportation industry.
- Video telematics provides critical data to fleet managers for informed decision-making.
- Helps identify risky driving behavior such as hard braking, swerving, drowsy or distracted driving, speeding for coaching and training
- Provides real-time location tracking and data on vehicle performance for optimizing routes, reducing idle time, and improving fuel efficiency
- Helps reduce vehicle maintenance costs by ensuring drivers adopt best driving practices and avoid harsh events
- Improved fleet management with drivers following best practices leads to reduced costs associated with vehicle maintenance, fuel consumption, and idle time.
- Improves customer satisfaction by ensuring timely delivery of goods
- Enhances the company’s reputation by demonstrating a commitment to safety and efficiency.
Legal and Ethical Considerations
As with any technology that involves the collection of personal data, there are legal and ethical considerations that must be considered when using video telematics. These considerations include compliance with data privacy regulations and ensuring driver privacy and trust.
Ensuring driver privacy and trust is critical when using video telematics. Drivers must feel that their privacy is being respected and that the data collected will be used to improve their performance and not for surveillance or punitive purposes alone. Companies must provide clear policies on how video telematics is used, who has access to the data, and how it will be used for a fruitful implementation and collaboration with drivers.
Driver performance is one of the biggest factors in the total cost of ownership (TCO). Video telematics is crucial in improving driver performance and behavior, reducing accidents and injuries, protecting the fleet from fraud and enhancing the fleet’s performance overall. The technology provides fleet managers with critical data that helps in making informed decisions, improving safety, coaching drivers, reducing risk leading to reduced costs. However, companies must ensure driver buy-in by being transparent about what is being done, why it is being done and how the drivers and fleet will benefit from it.
The future of video telematics in the transportation industry looks promising, with more companies adopting the technology to improve safety and efficiency. Video telematics will continue to play a vital role in the transportation industry for years to come.
Lightmetrics stands out as a leading provider of video telematics solutions, helping telematics service providers, tier-1s and OEMs empower fleets to enhance driver safety, optimize operations and reduce accidents. With their cutting-edge RideView platform, Lightmetrics offers an array of features ranging from on-demand video, and in-cabin coaching to driver coaching workflows. To discover how video telematics can help your business monetize connected truck data better and improve ARPU, while assisting fleets to become safer and more efficient, reach out to Lightmetrics at email@example.com.