"Fleet managers need technology to compete in this ever-changing industry; however, the time commitment and expense is often too high for even large fleets to take on," said Steve Haindl, senior vice president and CIO at ARI.

Survey respondents were also asked specifically about the types of technologies they currently use. Of the options provided, not a single technology was used by more than half of those polled. Most surprisingly, only 1 in 4 (29 percent) are using advanced analytics to manage their fleet's data. Telematics and GPS tracking were the most widely used, with 46 percent saying they currently equip their vehicles with these tools. Other responses included mobile device applications (22 percent) and automated solutions for regulatory compliance (20 percent).

"It's easy to get overwhelmed with all of the technology options and simply opt out, but information is what gives fleets an advantage over the competition and the bottom line," said Haindl.  "Don't let the data intimidate you; learn how to interpret it and uncover potential savings."

Source: ARI