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5 Benefits of an IoT-Enabled Location Based Services Platform

3 minute read

Driven largely by the increased need for organisations across the fleet, logistics, construction, and healthcare industries to improve operational efficiencies, adhere to regulatory policies, and enhance worker safety, the demand for IoT-enabled Location-Based Services (LBS) solutions is rising steadily. In fact, the global LBS market is poised to grow by $152 billion from 2021 to 2025, growing at a CAGR of 31% according to a recent Research and Markets report.

While bringing LBS solutions to market can be highly complex — requiring the navigation of a complicated IoT ecosystem to evaluate, procure, and integrate the appropriate mix of devices, connectivity technologies, and applications — the benefits outweigh the challenges for many organisations. A robust LPS platform can help with visibility, driver management, workflows, decision-making, and regulatory compliance.

  1. Increase Vehicle Performance Visibility
    With the power of industry-leading telematics devices, the right LBS platform can offer a holistic view into equipment, enabling organisations to monitor fuel usage, service hours, and maintenance. This increased visibility into vehicle performance can help with fuel efficiency and predictive maintenance.
  2. Improve Driver Management
    A powerful LBS platform can help improve driver management by enabling organisations to oversee driver behaviour, keep up with timecards, and more. This improved driver management also helps ensure regulatory compliance for the transportation industry.
  3. Maintain Regulatory Compliance
    Regulatory compliance is crucial across the transportation industry, and LBS platforms can help ensure organisations achieve and maintain compliance with regulations and standards such as Electronic Logging Devices (ELD) and Hours of Service (HOS).
  4. Optimise Job and Workflow Management
    LBS platforms can allow businesses to manage workflows, work times, and employee schedules, minimising the time and resources needed for administrative tasks associated with fleet management.
  5. Enable Data-Driven Decisions
    A robust LBS platform should have an intuitive, easy-to-use dashboard for both high-level and detailed reports, so organisations can access, read, and analyse actionable data to drive informed business decisions.

KORE Fleet LBS Platform

The KORE Fleet LBS platform offers powerful and flexible white-label Software as a Service (SaaS) solutions that work with a large variety of devices across all industries. The LBS platform tracks assets, people, and vehicles on the move so organisations can remain in complete control of their business.

Watch a video demo of the KORE Fleet Location-Based Services (LBS) platform to learn more about one of the most comprehensive LBS solutions available on the market.

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