Analyst report

451 Research - Cash in on Financial Benefits with Telematics Use Cases in Transportation

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Popular use cases within telematics, a top IoT project, such as usage-based insurance, fleet monitoring and predictive maintenance have created financial benefits for the transportation ecosystem. According to 451 Research, part of S&P Global Market Intelligence, reliable connectivity, vendor cooperation and robust data integration can help overcome the struggles in the implementation of telematics projects.

Highlights

  • 60% of transportation firms that have implemented IoT projects and seen at least a 26% increase in EBITDA, according to 451 Research
  • The disconnects and challenges in the widespread adoption of IoT projects in transportation enterprises
  • Business adoption, financial benefits and future impact of telematics deployments
As integration and deployment challenges remain obstacles, IT and OT vendors in the transportation verticals must work together to make adoption as seamless as possible and prevent telematics deployments from getting stuck in the proof-of-concept stage.
- “Voice of the Enterprise: IoT, the OT Perspective,” 451 Research (part of S&P Global Market Intelligence), November 2020

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