SAN DIEGO, Calif. – SmartDrive Systems announced the introduction of its new SmartIQ Transportation Intelligence Suite this week.
The SmartIQ suite is said to transform volumes of data created by commercial fleet into real-time information, predictive analysis, and prescription action that provide value for businesses. In addition, unlike other intelligence systems, the SmartIQ suite’s foundation is a video analytics platform “ to provide the missing intelligence link for fleets—definitive driver performance data combined with vehicle systems data.”
The new suite will give fleet managers insights across safety, operations and maintenance to improve uptime and efficiency.
The SmartIQ Fundamentals Pack offers reports and data visualizations conveying performance metrics, SmartIQ Scores and a variety of operational management reports. (PRNewsFoto/SmartDrive Systems)
“From the outset SmartDrive believed that the combined power of video and analytics would transform the transportation industry and we designed our data architecture to meet the unique and demanding analytical requirements of this real-time operating environment. This vision makes it possible for us to address the growing data challenges that fleets of every size face today,” said Steve Mitgang, CEO of SmartDrive. “SmartIQ creates new opportunities for fleets to unlock the value of their technology investments by moving beyond reporting toward information sharing and real-time insights fuelled by new algorithms, predictive analytics and prescriptive action.”
The need for a product like this stems from the fact that drivers present the largest opportunity to reduce avoidable fleet costs, according to SmartDrive. As such, the suite offers: actionable operational metrics, management KPIs, reports and dashboards for managers; interactive visualizations for advanced analysis; and the ability to export data and integrate into an existing intelligence stack.
As well, fleets will have the ability to adapt the suite to their changing needs.
The SmartDrive SmartIQ Suite is composed of:
- SmartIQ Packs—the Fundamentals pack delivers reports and data visualizations conveying performance metrics, SmartIQ Scores and a variety of operational management reports, and is included in every SmartDrive program; the optional Pro pack goes deeper for the experts, leveraging market-leading Tableau Software to incorporate interactive visualizations, “what-if” analysis, and advanced analytics
- SmartIQ Streams—data feeds of driver, vehicle and driving performance data collected by the SmartDrive video analytics platform for consumption by third-party intelligence solutions
- SmartIQ Services—professional services for custom analytics and visualization development by transportation intelligence experts
“Transportation intelligence is a big idea whose time has arrived. There is tremendous opportunity to address long-standing industry challenges, especially in areas of safety, with proactive intervention. To do that, solutions must create value from the explosion of fleet data and make those insights accessible to all fleets,” said Don Osterberg, who recently joined SmartDrive’s Board of Directors. “By applying video analytics to driver behaviour and combining that with an approach to data science that is tuned to transportation, SmartDrive is generating a step-function change that will materially impact fleets across their operations.”
The SmartIQ Suite is available today, with the Pro Pack available as part of an early adopter program.
“Transportation intelligence promises to be a game changer,” added Mitgang. “Today’s fleets face challenges ranging from margin pressure and the shortage of qualified drivers to skyrocketing legal costs and the risks associated with distracted driving. By predicting outcomes, prescribing action, measuring results and providing closed loop reporting, SmartIQ helps level the playing field for fleets dealing with the complexities of today’s operating environment.”