Artificial Intelligence has vastly matured in the past few years. In today’s competitive market, A.I. chipsets are coming down in cost while increasing in performance and reliability. What does this mean to you the fleet consumer? More reliable and accurate devices at a lower cost of ownership.
Despite COVID-19, A.I. Dashcam deployments are up 237% year over year. Why? This blog post will address the reasons why our industry needs A.I. Dash Camera Telematics systems and their inherent benefits.
Then vs. Now
When they first became publicly available, commercial dash cameras were predominantly used by the public safety and transit sectors. They were cost-prohibitive, looped raw video, and didn’t provide the clear and immediate ROI that private sector fleets require, and as such was seldom deployed.
Today’s landscape has changed drastically. Dash cameras have not only become more affordable, but cellular data costs have dropped considerably (more data for less). Dash cameras have evolved beyond simple video recording, now with built-in tracking capabilities, serving as better telematics tools, and ultimately eliminating the need for a 2nd JBUS or OBDII device in most installations. The output data is on par with the best telematics devices in the market today, vastly simplifying the solution while keeping the TCO (total cost of ownership) at an all-time low.
Read more on our A.I. Dashcamera page or watch the video below to learn more about specific feature benefits and capabilities.
Zero Fraudulent Insurance Claims – Absolve Your Drivers
Over 80% of all accidents involving passengers and trucks are the fault of passenger vehicles. This is a significant number. Protecting your drivers is important, providing proof of not-at-fault ensures they continue driving (productivity) and that you are retaining talent (finding good drivers is always a challenge).
Sideswipes are becoming an increasing problem with trucks/tractors, and the driver often takes the blame. With side-mounted cameras you can shed light on these instances and prove that your driver is not at fault, avoiding costly fines and insurance premium hikes.
In addition to automated video notification upon critical events (such as impact or harsh events), we also provide a live, real-time view of the driver, the road, and all other connected cameras. Take video management into your own hands by proactively preventing costly and life-threatening incidents, while reducing management costs in the process.
Reward your Safe Drivers
We put valuable driver scorecards and rankings in your hands. With this information, you can incentivize your drivers to improve their driving habits with tangible incentives. These programs are wildly successful in all businesses which have implemented them. On average, incentive programs achieve a 35% increase in driver safety scores across the board. The result is safer drivers and reduced insurance claims through Gamification: where drivers compete on their scorecards, aiming to achieve a higher score than their peers. Everyone wins.
Dashcams help Fleet Managers improve driver coaching. Important safety infractions cause automated video capture and upload, providing great coaching tools to Drivers. Special notation and review flag functions make it simple to manage inbound video events.
Our Dash Camera systems have audio recording capabilities, which can be enabled or disabled by Fleet. This is an exceptionally useful add-on that helps to determine the cause of harsh driving events, be it road rage, distraction, phone use while driving, or other unsafe events.
LVM Dashcams have an optional Parking Mode which keeps the camera on during parking events. This enables the capture of accidents that happen while vehicles are parked. Hit and run or bump and run events trigger an automatic video upload, providing proof and details of the incident. Our video is clear enough to read license plates, providing the best proof for insurance providers and protecting against fines.
Reduce Insurance Premiums & Streamline Claims
Companies are increasingly instructed by their insurer that they need to operate some form of a dash camera system. Rate discounts can be made available when you employ a dash camera system. On top of this, video evidence is regularly accepted by insurers when submitting claims, proving your driver is not at fault, avoiding fines and preventing insurance hikes because of those fines.
Dash Camera Fleets Dominate
The Fleet industry has radically changed as a result of modern A.I. Enhanced Dash Camera systems, like those provided by LVM Track, by improving driver security & safety, cost savings, improved driver coaching, and insurance benefits to your business.
LVM Track provides a feature-rich VMS (Video Management System) application with our A.I. Dash Camera systems, fully integrated into a unified fleet management platform, providing powerful yet easy-to-use management tools to your business. Email alerts provide quick and simple management of inbound video incidents. Additionally, A.I. Dash Cameras are excellent vehicle trackers.
If you’d like to find out how LVM Track can empower your fleet, learn more by connecting with us and checking out our A.I. Dash Camera page.
Written by Andrew Singer, Executive Vice President, and IoT Specialist