Data collection ‘big business’ in the commercial vehicle sector
Written by: Simon Pavey, Last updated:14th February 2022
The British Vehicle Rental and Leasing Association (BVRLA) has published its ‘2020 Industry Outlook for Commercial Vehicles’ report, which provides insights into key challenges and trends in the sector at the moment.
One of the key findings of the research underlined the growing importance of data collection and analytics in connection to commercial vehicles.
Fleet managers could realise various data-based benefits – including increased fuel efficiency, safety and lower operating costs – by introducing telematics.
The report from the BVRLA – which comprises more than 1,000 member organisations accounting for a fifth of all trucks and vans on UK roads – offered an industry view on seven key areas.
Among them was big data, with the headline finding in this space showing that the capture and analysis of information is “big business and becoming increasingly important” in the commercial vehicle sector.
The deployment of telematics across your fleet allows you to collect detailed data on things like mileage, fuel consumption, routes and driver habits via tracking devices installed in every vehicle.
Other key findings from the study suggested:
- Operator demand for rented or leased commercial vehicles is increasing
- Brexit-related uncertainty continues to affect the road transport supply chain
- Local devolution of air quality strategies has led to inconsistencies
- Retaining and recruiting skilled staff while combating skills shortages is a key priority for businesses
BVRLA chief executive Gerry Keaney said: “Commercial vehicles are the lifeblood of the UK economy and… operators are looking for flexible and adaptable support with their fleets. Many truck and van operators are delaying re-fleeting decisions, largely due to a lack of confidence in their ability to forecast as a result of continuing uncertainties.”
Jenny Smith, general manager for Tele-Gence, commented: “There are some interesting findings in this BVRLA research. It certainly seems beyond any doubt that the collection and application of data has never been more important in the commercial vehicle space.”
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