Unlock the Power of Connected Data - Making Risk Management Simple

4 minute read

The use of technology is a common situation for those looking to have intelligent transport or connected cars - telematics is a good example of this. However, IoT is providing a plethora of new opportunities to further the intelligence of data gained from those technologies. One of the most promising of those innovations is the use of in-vehicle video solutions to gain real-time visual evidence to support accident investigations.

How can centralising corporate and connected vehicle data reduce risk exposure and cost?

There are more than 1,300,000 road deaths each year around the globe, but according to a recent study, installing a video event recorder can cut collision rates by 50%. Improved driver safety is just one of the many benefits connected video solutions can deliver, as fleet and operational managers can also leverage these technologies to deliver driver coaching, monitor real-time driver behaviour, and gain access to real-time visual evidence to support accident investigations.

What do you do with the ever-increasing volume of data produced by telematics, connected cameras, mobile devices and connected cars? Organisation often struggle to harvest this rich and valuable data to minimise corporate risk exposure, and costs. Often data is diluted across multiple functions on siloed systems making it difficult to turn valuable insights into actionable output.

Connected Video technology: The Key to Boosting Fleet Safety and Efficiency

Following a recent KORE webinar in partnership with intelligent Transport, we took a look at the key findings and lessons learnt and this is what we found.

Connected video technology for fleets especially has come a long way in a relatively short space of time – and the potential benefits are more obvious and wide-ranging than ever before. But, it was extremely interesting to see from our webinar audience that only 8% had adopted some form of video technology and a huge 56% hadn’t decided whether to invest in this area at all.

poll-deploy-video-technology

Lastly, we asked what the top drivers would be for utilising video technology and it was a joint tie between claims/liability defence and a duty of safety/duty of care, which reflects the reality of increasing insurance costs despite the number of collisions falling. It’s an actuality that fleet operators need all the help they can get to prevent claim costs becoming potentially prohibitive to their businesses.

poll-utilising-video-technology

Improving Transport Safety with Connected Video Data

To have this data on a single, centralised platform allows for the ability to make proactive decisions and minimise risk. Vehicle Video solutions offer a wide range of options on the latest generation of connected cameras that are suitable for all Fleets. Whether you are running a fleet of Van’s, LCV’s or HGV’s - connected video technology solutions provide an all-in-one connected vehicle camera system that helps improve driving behaviour and keeps your drivers safe.

Benefits

  • Minimise risk helps insurance premiums
  • Analyse driver behaviour with proactive intervention
  • Protect brand reputation
  • Automate reporting processes reducing human error
  • Increase corporate governance and levels of health & safety

If you are interested in finding out more on the role of connected video data in improving transport safety – view our on-demand webinar. Where we look at the intelligent transport landscape, key considerations and steps to take to deploy an in-vehicle video solution and a case study.

Topic(s): Connectivity , Fleet , Featured , Video

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