Telematics, which involves the use of technology to monitor and analyze vehicle and driver behavior, has become a cornerstone of fleet risk management strategies. Fleets are turning to telematics systems to drive improvements in safety, efficiency, cost management and much more.
Below, we uncover the latest telematics statistics from SambaSafety’s 2024 Telematics Report that illuminate how fleets are optimizing their risk and safety operations. These new insights provide professionals with a deeper understanding of the transformative impact telematics has across the industry and highlight the full potential of their telematics systems.
Latest Telematics Statistics Uncover a Shift in Perception
The perception of telematics within fleet management has dramatically shifted. Once viewed more as a novel or optional technology to improve operational efficiency, telematics is now also seen as a vital part of a strong driver safety culture.
Over 90% of fleet operators today believe that telematics is crucial to their overall safety strategy, with more than 50% affirming that the technology has made a tangible, positive impact on their safety programs.
These telematics statistics highlight the growing recognition of how crucial data-driven insights are in reducing road risks. With near real-time visibility into driver behavior, telematics enables swift, targeted interventions that improve safety and performance.
The Use of Telematics in Enhancing Driver Training
Telematics is no longer just about tracking vehicles – it’s also leveraged more specifically to improve driver behavior and establish a more proactive approach to safety. A remarkable 74% of fleets now use telematics data to inform their driver training or coaching programs.
By analyzing metrics such as speeding and harsh braking, fleet managers can identify risky behaviors and provide tailored feedback and training to drivers. Nearly 33% of fleets report using this data extensively to coach their drivers.
The Challenge of Managing Multiple Telematics Systems
While telematics has proven its worth, managing a comprehensive safety program involves more than just a single tool. In fact, 72% of fleets are using two or more systems to handle their safety and risk management processes, with 33% of those fleets using four or more systems.
These statistics reflect the complexity many fleets face in coordinating data from multiple sources – whether it's telematics, motor vehicle records (MVRs), Compliance, Safety, Accountability (CSA) records, etc. As more fleets adopt various technologies, the challenge will be to harmonize these systems to maximize efficiency and reduce risks effectively.
Reducing Crashes and Improving Business Outcomes
The combination of driver training and telematics is proving to be a powerful formula for success. A striking 72% of fleets report that integrating these two elements has directly resulted in a reduction in crashes and claims.
By identifying risky behaviors early and taking corrective action, companies are preventing crashes and lowering their insurance premiums. 25% of fleet operators have reported reduced premiums thanks to fewer violations and crashes, underscoring the financial incentives of a robust safety program powered by telematics.
Moreover, 28% of fleets have noted that telematics has improved driver retention and satisfaction. This is likely due to a combination of factors: drivers feel safer, more supported and see the value in a system and company that promotes their well-being on the road.
Discover The Future of Telematics: Join Our Webinar!
As telematics technology continues to evolve, its role in fleet risk management will only become more significant. Fleet operators are increasingly seeing telematics not just as a tracking tool, but as a strategic safety asset that reduces costs and improves driver performance.
Ready to uncover additional telematics statistics impacting the industry? Join our upcoming webinar, "The Future of Telematics: How Fleets and Insurers Can Collaborate to Create Safer Roadways," on Tuesday, November 12 at 11 am MT / 1 pm ET. Hear from experts at Sunbelt Rentals, Aon, Verizon Connect, Liberty Energy and SambaSafety as they discuss how telematics is transforming fleet safety and risk reduction.
Register now to secure your spot and receive a free copy of our 2024 Telematics Report. Can't attend? Sign up anyway, and we'll send you the recording!
