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Improving the Bottom Line with Collision Avoidance Systems

Fleet managers need to see collision avoidance systems not just as an upfront cost but as providing a significant return on investment (ROI) for their fleet.
Published November 01, 2018 by Mobileye

Reducing collisions are a top priority for fleet managers. Beyond safety concerns for fleet drivers, the financial burden and logistical headache of collisions is a main motivator. From direct costs like motor vehicle repair and replacement to indirect costs like loss of business and administrative burden, even one collision can set off a domino effect of losses. There are a number of ways fleet managers put effort into reducing or mitigating these costs; implementing a company-wide safety culture, driver training and policy workshops, utilizing telematics to track and incentivize safer driving habits, installing dash cameras to exonerate drivers who are not at fault. All of these help to tackle the challenge, but today fleets are taking further steps to avoid incidents by equipping their vehicles with collision avoidance technology.

Collision avoidance systems are not an end-all solution. However, as opposed to the other common methods laid out above, collision avoidance systems directly address the issue (on the basis that ‘an ounce of prevention is worth a pound of cure’).

Collision avoidance systems either come installed in new vehicles or can be retrofitted into existing fleet vehicles. These systems generally provide driver-assist features like pedestrian detection, forward collision warnings, and lane departure warnings to provide drivers with the critical seconds needed to avoid or mitigate a collision.

Some fleets are reluctant to buy new vehicles or retrofit collision avoidance technology because this requires an upfront investment where the return is ostensibly uncertain. But investing in safety, as with any other business decision, must be looked at from a financial perspective. While the research shows that adding collision avoidance systems to your vehicles will protect fleet drivers and road users, how will it directly impact the bottom line?

This paper will give insight into:

  •         Why most collisions happen
  •         How collision avoidance systems work
  •         How collision avoidance systems can improve fuel efficiency
  •         How to track savings and return on investment (ROI) for collision avoidance technology.

After reading this paper, you will be able to make an informed decision and work out whether collision avoidance technology makes sense for your fleet.

Download the White Paper.