Internet of Things , AI to drive business value for fleet management firms
At a very basic level, fleet- tech helps continuously protect this vital asset from theft
The pandemic underscored the importance of commercial vehicle fleets, amid mobility restrictions and limited supplies of essentials. It also highlighted the need for technology solutions to manage goods movement efficiently. Fortune Business Insights says global fleet management software market will grow 3.7X between 2022 and 2029, at a compound annual growth rate (CAGR) of 18.3%. Fleet-tech is no more about achieving efficiency alone, but leveraging the power of Internet of Things (IoT) and Artificial Intelligence (AI).