Telematics: 5 Emerging Trends
Telematics: 5 Emerging Trends
Telematics is an information technology that deals with the digital transmission of data. In today’s business environment data is power, and telematics adopters benefit from it. By integrating the telematics data of heavy- and light-duty vehicles on a single platform, 4-Sight.ai, our customers drive efficiency, reduce the costs of fuel and unscheduled downtime and improve operator safety.
The heavy- and light-duty equipment market for the natural resources industries is large and fast-growing. The annual sales of material handling equipment alone were estimated at US $200 billion, with a projected growth rate of 5.5% annually. The penetration of telematics grows even faster. Here is a list of five emerging trends that make this growth possible:
