Any mobility-driven operation, by definition, relies on vehicle fleets to generate value for the business. And where there are numerous vehicles on the road at a time, there is also scope for optimization through fleet management tools.
There’s a lot to be gained by optimizing your fleet operations. It helps increase productivity and efficiency, maximize asset utilization, boost driver and customer sentiment, among other things. Perhaps most importantly, though, all of this comes together to enhance your unit economics, which guides your business towards long-term, sustainable profitability.
Here are five ways NextBillion.ai’s fleet management solution helps maximize operational profitability and more:
1. Tracking and visibility
One of the primary functions of any fleet management tool is to provide an overview of every vehicle in your fleet. The more detailed, the better. After all, information is power; the more you know about your fleet, the better you can manage your operations to maximize efficiency and profitability.
Current and historical data on location, speed, assigned tasks, vehicle and driver status, telemetry, etc. are all part of the ideal mix — and NextBillion.ai’s Fleet Optimization solution utilizes our AI-enabled custom APIs and map data capabilities to deliver just that. Stay on top of things with live vehicle tracking, driver behavior insights, vehicle performance data and much more.
2. Route planning and optimization
Perhaps the single most significant way that fleet management can contribute to improving operational efficiency, profit margins as well as customer and driver satisfaction is through route planning and optimization.
NextBillion.ai’s large Distance Matrix API, which supports a matrix size of up to 5000×5000 elements (as opposed to the standard 25×25), helps optimize dispatch and routing for large-scale operations involving huge fleets and numerous stops.
Our ability to capture hyper-local nuances enables you to account for variables like regional traffic rules and restrictions, road closures and diversions, local events and festivals, live traffic and weather, etc. in the routing process, so that you’re never caught off guard by unforeseen circumstances.
Our APIs also empower you to define your own custom attributes like geofences and vehicle- and time-based road restrictions to better serve the intricacies of your specific business and use case.
3. Accurate ETAs
When it comes to optimizing fleet operations, predictability is crucial — and accurate ETAs go a long way in promoting predictability. Knowing exactly when a pick up or delivery is due to be made, when a vehicle is expected to arrive at every stop along its way and when a particular driver’s workload gets lighter or heavier gives you all the information you need to keep your operation running like a well-oiled machine.
We’ve already seen how NextBillion.ai’s large Distance Matrix API is equipped to handle fleet operations at scale with custom restrictions, but there’s more to it than just that. The AI-powered API is able to ingest and process your historical ops data — POIs, driver preferences, speed profiles, etc. — and adjust its output to provide improved predictions for travel times and distances.
Once your vehicles hit the road, NextBillion.ai’s Snap-to-Road API works continuously to ensure that the navigation and routing experiences perfectly reflect real-world roads. All of this, in combination with our Geocoding API, which lets you place your own POI markers for precise pick-up and drop-off points, gives rise to hyper-accurate ETAs.
Also read – 5 Ways Your Mapping Platform is Eating Into Delivery Profitability
4. Custom vehicle profiles
Depending on your line of business, your fleet may be made up of e-scooters, motorbikes, cars, vans, trucks or anything in between — maybe even a combination of multiple vehicle types. However, most maps support only the vehicle profile of the common car. This means that unless your fleet is comprised exclusively of cars, routing will be inaccurate and ineffective. After all, bikes, cars and trucks don’t navigate roads the same way.
NextBillion.ai’s Route Optimization, Directions and Distance Matrix APIs support custom vehicle profiles for everything from 2 wheelers to 16 wheelers, ensuring that your routes and distance and ETA predictions are all accurate and optimized for every single vehicle in operation. We also enable you to harness historical operational and telemetric data to draw deep insights and intelligence around your custom fleet.
5. Detailed custom maps
No matter what mobility-driven industry you operate in, you have a need for detailed custom maps if you want to optimize your fleet operations to the maximum possible extent.
E-commerce, on-demand delivery and ride-hailing platforms, for instance, would benefit from having detailed maps of townships and apartment complex layouts that highlight the path to the doorsteps of their customers. Similarly, transportation and logistics companies would want detailed maps of their warehouse locations, with markers for onloading and offloading points, appropriate entrances and exits, etc.
NextBillion.ai makes this possible with its segment-defining Map Data Management as a Service (MDaaS) offering, which provides turnkey map data solutions that collect, curate and maintain location data specific to any given use case. This lets us seamlessly merge proprietary and third-party data, enabling easy management of custom data layers.
Flexible update cycles and dedicated support ensure that the maps stay fresh, and the ability to gather data on multiple modes of transport across developing and developed markets maximizes relevance to the use case.
With all the optimizations and intelligence that NextBillion.ai’s Fleet Management solution has to offer, it’s easy to see how it can guide your business to improved and sustainable profitability.