What is fleet benchmarking?
Fleet benchmarking is a trusted strategy for evaluating and improving operations based on a fleet’s driving patterns. Measure your current performance and track progress towards goals, or compare your fleet to like fleets. With telematics, users are able to gather a large volume and variety of data, set unique fleet goals and make necessary adjustments.
Compare your fleet
Turn data into a business advantage. Compare your fleet to others of similar size, composition, geography and driving pattern. See where your fleet can improve or drive down costs. Deliver measurable value to your organization.
Fleet benchmarking doesn’t have to be complicated. Geotab’s open platform offers you access to rich insights on your high quality data on your fleet vehicles and drivers. Track key performance metrics such as fuel usage, fuel economy, idling, harsh driving events and much more.
Measure fleet performance
Each fleet is unique and finding the optimal benchmark for your fleet can be a challenge. Our advanced machine learning algorithm finds the best vehicles and fleets to benchmark against based on your fleet’s driving pattern. Fleets from the same kind of company in the same industry may operate differently, resulting in a different driving pattern. Likewise, fleets from a different industry may drive similarly and have the same kind of fleet optimization goals. All these items are taken into account when we benchmark your fleet against others.
Benefits of fleet benchmarking with Geotab:
- Learn about your unique driving pattern and vocation
- Obtain unique fleet benchmark recommendations
- Find new efficiencies
- Uncover gaps
- Identify strategic savings opportunities
- Pinpoint areas of improvement
- Take control with advanced driver coaching
Performance benchmarking with big data
The value of big data lies in how well an organization is able to draw insight from data and turn it into measurable revenue generation or cost savings. Read this white paper to learn about extracting value from benchmarking, using a standard approach as it relates to the world of IoT-connected devices and big data.Read more