Leading Leasing Company Implements IoT Solution for Delivering Value through Connected Cars
Hexaware enabled improved tracking of vehicles for one of the largest leasing companies in Europe finding difficulties in monitoring the leased vehicle’s location, thereby impacting the bottom line due to high cost of recovery. Sensors were attached to the vehicles to capture their location using a telematics device. Data points about harsh braking, engine temperature, idle time and distance travelled were captured. The idle time data was integrated with Idle fuel flow factor to calculate the fuel savings.
Information and details about every breach was recorded
Idle time for the leasing vehicles was reduced
Fuel cost savings by 2% to 8% and maximized equipment uptime and lifespan