Fleet Management News & Business Info | Commercial Carrier Journal
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commercial carrier journal | january 2018 27 technology Study shows maturity of IoT in transportation B square, a provider of industrial Internet of ings systems, shared findings from its first IoT Maturity Study that explores current IoT adoption prog- ress among businesses in transportation, manufacturing and oil and gas. Responses to the study were evaluated using a IoT Maturity Index that outlines the stages commonly associated with IoT technology adoption. ose stages are: • Device connectivity: on- board logic to collect data and transmit to cloud databases; • Data monitoring: dashboard and visualization tools to monitor real-time data; • Data analytics: machine learn- ing and analytics to develop device models and insight; • Automation: development and execution of logic rules that automate business activities; and • Edge computing: distribution of analytics and orchestration to the device level. According to the 2017 study, 86 percent of industrial organizations currently are adopting IoT solutions, and 84 percent believe those solutions are very or extremely effective. In addition, 95 percent believe that IoT has a significant or tremendous impact on their industry. However, the study shows that most IoT investments are focused on con- nectivity (78 percent) and data visualization (83 percent). In addition, only 48 percent are doing advanced analytics on that data, and only a small number (28 percent) are automating the application of insights derived from analytics. "Our study shows that while industrial organizations have enthusiastical- ly adopted IoT, a majority have not yet moved to more advanced analytics- driven orchestration of data insights," said Kevin Walsh, vice president of marketing at Bsquare. e later stages of IoT maturity "tend to be where most of the ROI is realized," Walsh said. "is is especially important because, according to our study, the number-one reason cited for IoT adoption is cost reduction." e study was conducted in the United States in August 2017 and reached more than 300 respondents at companies with annual revenues surpassing $250 million. Among the report's key highlights: • e vast majority (86 percent) of organizations are deploying IoT solutions, led by construction/transportation (93 percent) and followed by O&G (89 per- cent) and manufacturing (77 percent). • Nearly three-fourths (73 percent) of all businesses plan to increase their IoT investments over the next 12 months. • Nine out of 10 decision-makers feel it is very or somewhat important for their organization to adopt IoT solutions, and 95 percent perceive IoT as having either a significant or tremendous impact on their industry at a global level. – Aaron Huff • Descartes Systems Group, which specializes in uniting logistics-intensive businesses in commerce, announced that it has integrated air and ocean transportation freight messag- ing and customs declaration filing with SAP Transportation Management to help custom- ers using the SAP TM application streamline the international shipment of goods, better collaborate with their transportation partners and comply with import and export filing requirements. • Wex Inc., a provider of corporate payment solutions, announced a three-year fleet card contract with Verizon for its private vehicle fleet. Wex will provide the telecommunica- tions company with more than 25,000 fleet cards and added insight of fleet operations through its proprietary ClearView analytics platform. • Project44 announced that third-party logistics provider Evans Transportation Services selected its Software-as-a-Service technologies to fully automate the end-to- end management of a less-than-truckload shipment lifecycle from quote to invoice. Evans is integrating Project 44's SaaS capa- bilities through a single application program interface-based integration point with its MercuryGate transportation management software system. • Mitchell 1 completed model-year 2017 up- dates to its labor-estimating diagnostics trou- ble code procedures and repair information products designed for all makes of medium- and heavy-duty trucks. The TruckSeries truck repair software suite is designed to provide technicians with fast, complete and accurate guidance for every stage of the repair process in a single online application. • SmartDrive Systems announced that Decker Truck Line Inc. (CCJ Top 250, No. 122) is implementing its video-based safety program across its entire fleet of 800 flatbed and refrigerated trucks. The Fort Dodge, Iowa-based fleet cited SmartDrive's fully managed service as a factor in its evaluation and selection process. • SmartDrive Systems announced that Griffith, Ind.-based dry bulk carrier Bulkmatic Transport (CCJ Top 250, No. 196) renewed its SmartDrive video-based safety platform contract through 2020. Bulkmatic, which has 500 vehicles that haul bulk food grade, plastic and dry chemical products, imple- mented the SmartDrive program in 2014 and has reduced its DOT-recordable accidents by 50 percent. INBRIEF Bsquare's study shows that most IoT investments are focused on connectivity and data visualization.