Telematics and Data Analytics: Leveraging Smart Data to Drive Portfolio Performance and Strategic Growth | Quantzig

• According to Quantzig, an advanced telematics system includes a vehicle tracking device that leverages technology to monitor and track vehicles in real-time, generating huge troves of valuable data.
• The telematics data captured includes location, speed, idling time, harsh acceleration or braking, fuel consumption, and vehicle faults.

LONDON--(BUSINESS WIRE)--Quantzig, a leader in delivering scalable analytics solutions and data science services, today announced the completion of its recent article that sheds light on the role of telematics and data analytics in boosting profitability.

“Telematics is poised to witness exponential growth over the next five years as new applications are developed to monitor fleet activity to control costs, boost productivity, improve accountability, and maintain full compliance with government regulations,” says an advanced data analytics expert at Quantzig.

Key highlights -

• Huge troves of the unstructured data sets can be collected via the telematics device and other connected hardware or sensors, such as position, speed, trip distance, idling, harsh braking and driving, seat belt, fuel consumption, vehicle faults, battery voltage, and other engine data.
• As technology has evolved, telematics, combined with advanced data analytics, has moved from a closed system to an open platform. An open platform telematics system can integrate accessories, software, and mobile apps to provide added insight into business operations

Telematics has become a crucial technology for fleet management. Advanced analytics, along with telematics, supports many more core areas. Request a FREE proposal to know more about the use cases of telematics.

Telematics can be defined as a technology that enables real-time tracking of the fleet, thus generating vast amounts of data, which can be useful if analyzed with the help of data analytics. Telematics and advanced data analytics drive innovation and expand market share across several industries. Based on advanced data analytics, statistical approaches, and probability, businesses can leverage telematics and advanced data analytics to gain accurate, in-depth insights into consumer behavior, risk, and lifestyle patterns. Read the complete article for comprehensive insights: https://bit.ly/39dVGGN

Telematics in insurance is gaining in popularity mainly because it helps transfer the safety data with a fleet’s insurance company to lower premiums, promoting and ensuring safe driving habits. Speak to our experts to learn more about leveraging telematics in insurance.

Benefits of telematics

1: Reduces carbon emissions

2: Prioritizes road safety

3: Reduces the expenses involved in fleet management

The challenge going forward with telematics will be to balance the benefit for public safety with the need for privacy. This is a challenge that all technology and IoT solutions providers will face going forward. As automobiles become increasingly connected with devices, vehicles will be generating a considerable amount of information. Quantzig is taking a leadership role in identifying and implementing the best practices to secure transmission, storage, and collection of telematics data. Book a FREE Demo to know more about our telematics solution portfolio.

Additional Resources:

1. Delivering Value Through Next-Gen Network Optimization Solutions for OTT Media Service Providers
2. Digital Analytics in Insurance: How Digitalization & Process Automation Will Transform the Insurance Sector
3. How Propensity Modeling & Customer Segmentation Can Help Media and Entertainment Companies Predict their Customer's Next Move

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 55 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal