The Power of Business Intelligence (BI)
When researching best practices in fleet operation reporting and data, you’ve likely comes across the term Business Intelligence, or BI. So what is it, and how can you use it to benefit your fleet operation?
Find out below how you can take advantage of dashboards and reports created by BI tools.
What is BI?
Business intelligence is a process for analyzing data and presenting it in an actionable format to help make business decisions. BI tools allow businesses to pull data, analyze it, and put it into reports, dashboards and other visual models to help companies interpret the information.
How can it help your fleet operation?
Fleet operations can take advantage of BI tools to identify trends. Using this current information, fleet managers can use patterns and data to improve the following areas:
- Real-time decision-making: BI tools allow operations to pull key data into dashboards and reports that are available in real-time, in easy-to-read formats. This allows fleet managers to quickly access important information about their operation, interpret it, and make decisions as needed in real-time.
- Reduce costs: Tracking key information allows fleet managers to gain insight into their operation’s expenses. Using dashboards and reports, managers can track various costs that are important to keeping their operation on budget, including fuel costs, labor, total cost of ownership of vehicles, and more.
- Improve fleet performance: Fleet managers can set up reports to pull key information about their fleet’s maintenance and repairs, Work Orders and more to track its overall productivity. This will help managers identify areas in which the operation can be more efficient, and ensure all vehicles are being properly maintained and are keeping up with preventative maintenance.
- Better track vehicles: Dashboards and reports allow fleet managers to have access to information on vehicle usage, operating costs, maintenance costs, and more. This data can help managers identify which vehicles are available for use at any given time, which are being repaired, and how repairs are progressing.
RTA Fleet Management Software has BI capabilities built-in to its product, helping fleet managers make the best decisions. To learn more, contact us today to schedule a free demo.