5 Ways to Futureproof Your Fleet in 2023

Priscilla ValdezJanuary 12, 2023

The start of a new year brings a new set of objectives and reflection on last year’s goals for most fleet managers. Did your fleet performed as you hoped it would? Do you have what you need to work toward goals for 2023? And what about looking toward long-term success?


For some, it may seem easy to work with goals regarding the immediate future. Cut fuel costs in the first quarter. Slash emissions by the end of the year. But what if your fleet strategy could set up your fleet for success both today and years down the road? This is the idea of futureproofing your fleet.


Why should you care about futureproofing?


While most of your goals right now probably center around 2023, setting your organization up for long-term success can never hurt. If there’s anything we’ve learned in the past few years, it’s that change is constant and inevitable. Whether they be industry matters such as mass vehicle shortages, updates of vehicles and technologies within your fleet, changing global socioeconomic situations and so on. A futureproof fleet is one that is prepared from the start to adapt to these changes and grow alongside them.


Business intelligence is a great tool for helping fleets prepare for these changes and create a forward-thinking management strategy. By using your fleet’s various data sources, managers are able to use custom reports and visualizations to identify cost-saving opportunities and boost operational efficiency.



5 ways BI can help you futureproof


One thing that every fleet manager should know, is that business intelligence can be one of their greatest tools in reaching 2023 objectives. With all of their fleet data sources streamlined into one space, the custom reports and data visualizations make it easy to quickly identify how your operations can be optimized.



Creating a benchmark for success


Knowing where you stand can provide invaluable insight for your fleet when it comes to identifying weak spots and knowing which areas need improvement. It can be tricky to know if your fleet is performing relatively well if you don’t know how your industry peers are doing.


Benchmark your fleet data to ensure that your fleet is performing up to industry standard and to set baselines for your own performance down the line. This is also a powerful tool for showing stakeholders your fleets year-over-year growth going forward.


Rightsize your fleet


Rightsizing efforts can make a huge impact when it comes to lowering fleet costs and reducing waste. Often times, fleets are unaware that their underutilized assets are eating away at budget without making up for it in day-to-day operations. Instead, managers could get rid of excess vehicles and optimize vehicle usage for better efficiency. These efforts also promote fleet longevity by keeping your fleet optimized and efficient while reducing unnecessary costs and waste.




Implementing sustainability


In today’s reality, sustainability and futureproofing go hand-in-hand. Both ideas are concerned with protecting the wellbeing and success of your fleet not only today but for decades down the line. Investing in sustainability is a smart play when looking out for your fleet’s future success. The better prepared that fleets are for the inevitable transition toward EVs, alternative fuels and other sustainable technologies, the more seamless the changeover will be. This readiness will prepare your fleet for the future, reducing the downtime you face in the midst of transition.



Keeping drivers safe


Enforcing driver safety with accurate safety reporting and coaching reinforcement is another great way to futureproof your fleet. While you may consider your vehicles your highest-value assets, the people behind the wheel of those vehicles every day play a huge role in your fleets’ success. Using business intelligence, you can track key safety events and score your drivers on their driving performance. These insights then give you the power to make data-backed decisions such as increasing driver safety training.



Preventative maintenance


Routine, preventative maintenance is another way to look out for the future of your fleet and its assets. Routine maintenance check-ups help to diagnose potential mechanical errors before they become major problems, preventing lengthy vehicle downtime that can affect fleet operations. Keeping your vehicles up-to-date on maintenance also improves the lifespan of your assets, ultimately maximizing their profitability and productivity in the long run.



The bottom line


Don’t go into your New Year’s strategy with blind objectives. Business intelligence empowers you to confidently address inefficiencies and missed opportunities using your own data, for a fully optimized fleet.





If you’re interested in finding out how our BI Platform and custom reporting can help your fleet long-term, schedule a demo with a member of our analytics team today.

Priscilla Valdez

Content Specialist

Priscilla Valdez is a content specialist at Utilimarc. She enjoys storytelling and sharing industry insights through writing that is compelling and dynamic. See more from Priscilla

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