Mobile video technology has emerged as a powerful tool for fleet operators to maximize the value received from telematics. While telematics tells what happened on the road, video helps explain why. If you don’t have an in car video system for your drivers, now is the time to start researching.
In-vehicle video camera systems deliver four powerful benefits to fleet operators:
Better Driver Risk Management — The best Driver Risk Management (DRM) programs now incorporate event video to isolate the root causes of driving behavior and provide better coaching during training sessions. Telematics data identifies good and bad driving based on data points like speed, hard turning, acceleration and others. Video then isolates the specific driving habits that cause the risky behaviors. Are harsh braking events caused by following too close or by distracted driving? Video also motivates better in-cab performance, dramatically reducing the frequency and severity of critical incidents.
Accident Management — Timely video evidence of critical incidents and accidents, called “first notification of loss (FNOL)” by insurers, helps exonerates drivers and fleet directors in personal injury cases, and criminal or regulatory prosecutions. Even when the driver is at fault, FNOL reduces the cost of insurance processing and payouts by up to 40%, keeping your premiums in check.
Operational effectiveness — The real-time situational awareness provided by an in car video system helps refine operations, improve customer relations and increase profitability. Did complications at the customer site impede delivery? Was the driver off-route for personal or professional reasons? Are road, weather, traffic or other route conditions impacting fuel consumption and vehicle wear and tear?
In-Cab Safety — According to the U.S. Department of Labor, “Every 12 minutes someone dies in a motor vehicle crash, every 10 seconds an injury occurs and every 5 seconds a crash occurs. Work-related vehicle incidents can be very costly to employers and drivers. In cab monitoring can help employers reduce risk and keep drivers and passengers safe.
So how do you decide on the mobile video solution that is right for your fleet?
Five essential features to look for when considering mobile video solutions:
Video telematics promises to dramatically improve the way fleets operate. To fulfil this promise, make sure you clearly identify the expected benefits and select the right solution to meet your short and long term goals.
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