Geotab launches Geotab GO Anywhere™ Asset Tracker for improved cost and operational efficiency
Published on February 15, 2024
Geotab GO Anywhere enables easy management and monitoring of critical assets
Toronto, Ontario (February 15, 2024) - Geotab Inc. (“Geotab®”), a global leader in connected transportation solutions, today announced the launch of the Geotab GO Anywhere asset tracker. This hardware solution is designed to improve how companies manage and monitor their assets across a range of industries, such as transportation, shipping & supply chain, mining, construction, and government.
Efficient asset management has the potential to significantly minimize the financial impact of underutilization and lost equipment, which is a pressing concern across many industries:
- The estimated losses to construction companies are between $300 million and $1 billion annually. Less than 25% of stolen construction materials and equipment are recovered.
- In the third quarter of 2023, CargoNet recorded 692 instances of cargo theft, primarily through shipment misdirection attacks, resulting in over $31.1 million in stolen shipments across the U.S. and Canada.
- The average cost of downtime for all industries ranges between $2,300 to $9,000 per minute.
- Up to 30 percent of organizations do not have an appropriate structure to identify the assets they own and thus have no ability to track what they have or where they have it.
GO Anywhere™ is designed to help businesses avoid these costs. Fully integrated with MyGeotab®, GO Anywhere enables viewing of all assets and vehicles in a single platform. Its rugged design, extended battery life and ease of installation equip the GO Anywhere to handle a variety of industry use cases, making it a reliable solution for tracking and managing valuable assets. It is now possible to easily keep track of where and when assets are being used and to recover them when lost to help manage costs and boost utilization.
“Increasing economic pressures have magnified focus on cost-control, and businesses across all industries are seeking opportunities to improve bottom line health for both powered and non-powered assets," said Sabina Martin, VP of Product Management at Geotab. "Addressing the significant financial impact associated with lost or underutilized assets presents itself as a cost saving opportunity. The Geotab GO Anywhere improves asset monitoring, supports strategic deployment and effective utilization, transforming potential losses into substantial savings and productivity gains.”
For more detailed information about the Geotab GO Anywhere asset tracker, please visit: www.geotab.com/fleet-management-solutions/asset-tracking/.
Post Tags
Media Contact
Nicole Riddle
Senior Specialist, Strategic Communications
pr@geotab.com
About Geotab
Geotab, the global leader in connected vehicle and asset solutions, leverages advanced data analytics and AI to enhance fleet performance, safety, and sustainability while optimizing costs. Backed by a team of industry leading data scientists, engineers and AI experts, we serve over 50,000 customers across 160 countries, processing billions of data points hourly from more than 4 million vehicles. Data security and privacy are at the forefront of all we do—trusted by Fortune 500 organizations and some of the largest public sector fleets in the world, we meet top cybersecurity standards. Geotab’s open platform and diverse Geotab Marketplace offers hundreds of fleet-ready third-party solutions. Learn more at www.geotab.com and follow us on LinkedIn or visit Geotab News and Views.
Related posts
Building Trust Through Transparency in a New Era of Data Predictability - Geotab Connect 2024
February 20, 2024
Geotab Announces 2024 Geotab® Innovation Awards Recognizing Best Use of Data Intelligence
February 16, 2024
Geotab Unveils Ace - The First Fully Integrated Trusted Generative AI Copilot in the Industry
February 15, 2024
Recent News
Geotab Integrates Data from Volkswagen Group Fleets
September 24, 2024
Geotab, Kia, and 42dot Join Forces to Drive the Future of Fleet Management
September 12, 2024
Canadians Signal Readiness for Greener EV Delivery Options: Geotab Study
September 9, 2024
Geotab® Telematics Solution Enhances Fleet Management for Delaware Department of Transportation
September 3, 2024