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How Installing Dashcams With GPS Tracking Will Improve Your Bottom Line Rastrac Team | May 18, 2023 10:11:53 AM

We know you’re looking to improve your bottom line, and installing a dashcam with GPS tracking for your fleet could be the thing that makes you your organization’s hero.

Even when the economy isn’t as volatile as today, we know you’re always trying to improve your fleet management strategy efficiency and increase your operational revenue. Between vehicle maintenance and the cost of fuel, there are so many things to consider when planning your fleet management strategy. Equipping your fleet with dashcams with GPS tracking is an excellent way to monitor your fleet activities, collect important information, and optimize your routes and routine maintenance to keep your fleet running smoothly and avoid non-essential costs over time. 

 

What is a Dashcam with GPS Tracking?

Dashcams with GPS tracking are much what they sound like: a piece of hardware connected to GPS installed in a vehicle that records said vehicle’s movements while at the same time seeing what the operator sees in real time on camera. Relatively simple to install, a dashcam with GPS tracking is an opportunity to get incredibly granular data points that will inform the fleet management team in improving fleet performance.

By recording precise speed and location data while driving, GPS enables tracking a vehicle's physical movement and the route taken, as well as the rate at which it is traveling. This information can prove invaluable in identifying the exact location of an incident, which can be crucial when making an insurance claim. As responsible drivers, we must understand the role that GPS technology plays in maintaining road safety and mitigating risk on our journeys.

 

How it Works

A dashcam with GPS tracking works by integrating a GPS receiver into the device. This allows the dashcam to receive signals from orbiting GPS satellites to determine its precise location on Earth. The GPS receiver constantly captures location data, such as latitude, longitude, and altitude, which can be used to track the vehicle's movements.

As the vehicle is driven, the dashcam's GPS receiver records the location and speed data along with the video footage captured by the camera. This information is then stored on the dashcam's memory card, where it can be accessed and reviewed later.

One of the main benefits of GPS tracking in a dashcam is the ability to pinpoint the location of an incident precisely. This can be particularly useful in the event of an accident or other incident on the road, as the dashcam's GPS data can be used to accurately determine the location of the incident and the speed at which the vehicle was traveling.

GPS tracking in a dashcam can also provide essential insights into driver behavior and route optimization. By analyzing the GPS data captured by the dashcam, fleet managers and other stakeholders can identify areas for improvement in driver performance and optimize routes for increased efficiency and cost savings.

 

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How it Saves You Money

When data is king, the more data you have, the more money you know you can save. By consistently monitoring and analyzing fuel consumption, routine maintenance schedules, vehicle theft, driver behavior, and insurance premiums, you can save time and energy budgeting for managing your fleet.  

Cost Reduction

By analyzing the GPS data captured by the dashcam, fleet managers and other stakeholders can identify areas where fuel efficiency can be improved, such as reducing idle time or minimizing unnecessary detours. In addition, GPS tracking can help optimize routes to avoid traffic congestion, road closures, or other obstacles, reducing travel time and fuel consumption.

By implementing these strategies, drivers and fleet managers can achieve significant fuel savings, which can translate into cost savings and improved environmental performance. Ultimately, integrating GPS technology into dashcams can contribute to more sustainable and efficient transportation practices.

Improved Safety

Dashcams have become an increasingly popular tool for improving driver safety, with real-time monitoring and alerts. Some dashcams are equipped with advanced driver assistance systems that detect potential hazards, such as lane departures, forward collisions, or pedestrian crossings. When a potential hazard is detected, the dashcam can provide audible or visual alerts to the driver, allowing them to take corrective action and avoid an accident.

In addition to real-time monitoring and alerts, dashcams can also provide valuable data on driver behavior analysis. By analyzing data captured by the dashcam's cameras and GPS tracking, fleet managers and other stakeholders can identify areas where driver behavior can be improved, such as reducing speeding or hard braking. This information can be used to provide targeted driver training and coaching, helping to improve overall safety and reduce the risk of accidents on the road.

Increased Efficiency

Dashcams can also be key in improving asset management and streamlining fleet maintenance workflows. By recording and storing video footage of vehicle journeys, dashcams can provide valuable insights into vehicle utilization, driver behavior, and potential maintenance issues. Fleet managers can use this information to optimize vehicle performance, reduce downtime, and extend the lifespan of their vehicles.

For example, dashcam footage can be used to identify underutilized or overutilized vehicles, allowing fleet managers to redistribute vehicles as needed for better efficiency. Dashcams can also help identify driver behavior patterns that may contribute to excessive wear and tear on vehicles, such as hard braking or aggressive acceleration. By addressing these behaviors through targeted driver training and coaching, fleet managers can reduce maintenance costs and extend the life of their vehicles.

In addition to improving asset management, dashcams can streamline fleet maintenance workflows. By providing real-time alerts for potential maintenance issues, such as low tire pressure or engine trouble codes, dashcams can help fleet managers proactively address issues before they become more severe and costly to repair. This can help reduce vehicle downtime and improve overall fleet reliability, ultimately translating into cost savings and increased customer satisfaction.

 

Overall, incorporating dashcam with GPS tracking into your fleet management strategy will improve your bottom line! Getting started is easy. Once you choose the hardware that will work best for your specific fleet management needs, work with us to customize your telematics system so you can harness important data and continue to improve your fleet operations. 

 

Get Started on Improving Your Vehicle Fleet Management – Reach out to the Rastrac team today!

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