by Titan GPS
The AI-powered dashcam market surges in popularity. In 2020, the market was valued at $3.2 billion USD, and it’s expected to see a CAGR of 12.9% from 2021 to 2028. And given the impact that AI Dash Cams can have on fleet management, it’s easy to see why they’re quickly becoming ubiquitous. This post will explore how this technology has evolved, where it’s heading, and why it’s a must for intelligent fleet management.
The Future of ADAS Technology
One specific burgeoning AI dashboard camera market component is advanced driver assistance systems (ADAS). This technology first appeared in the early 2000s, featuring fairly basic human-machine technology like night vision and dynamic laser cruise control. But it’s since evolved and can now be used to alert fleet drivers of several critical situations, such as tailgating, lane drifting, and collision warnings.
Although growth has been gradual, most experts agree we’re now at a tipping point where the implementation of advanced driver assistance systems is quickly gaining momentum. “By 2025, ADAS will be a common feature of nearly every new vehicle sold in the developed world,” writes global consulting brand Roland Berger, and “only 14% of vehicles forecast will have no ADAS features at all.”
This growth can mainly be attributed to the improved performance and efficiency advanced driver assistance systems create. They have proven to be helpful in:
- Providing a high level of transparency that wasn’t possible in the past
- Monitoring fleet driver behavior
- Increasing driver safety
- Improving compliance
As more fleets discover the benefits of ADAS, we’re seeing a push to migrate it from upscale vehicle models to those that are mass-produced and used by fleets across countless industries. And because of the impact, ADAS can have on safety and the proven reduction in preventable accidents, fleet management expert Mike Antich points out that some fleets have already gone so far as to make implementation mandatory. While it remains to be seen just how big ADAS will get, it’s clear that it will be an integral part of intelligent logistics fleet management moving forward.
Advances in AI Dash Cams
As we mentioned before, experts predict significant growth in these devices throughout the 2020s, illustrated by this recent data.
The reason for this growth is simple. Considerable advancements have been made, and AI dashboard cameras are becoming a huge asset for today’s fleets. While law enforcement primarily used them to capture video footage to combat traffic violations, their functionality has exploded in recent years and is ideal for fleet management.
Here are just a few examples of some of the innovative features you can find with modern AI dash cams:
- Comprehensive driver performance metrics
- Real-time alerts of risky driver behavior for educational opportunities
- Live view that allows fleet managers to see what’s happening in real-time
- Live video and audio for seamless communication with drivers
- Distracted driving and fatigued driving detection
- Lane drift alerts
- Automatic drive time recording to conveniently log HOS
- Post-incident analysis
- Break-in alerts notify you when a vehicle or equipment has been compromised
And as you might imagine, these robust features can have some significant advantages for fleet management. Here are the big three.
1. Automating Compliance
Compliance with laws and regulations is a must for fleet managers. Not only is it essential for avoiding costly penalties, but it also factors heavily into your brand reputation and shows you’re committed to running a safe, above-board company. AI dash cams can be a compliance game changer and automate what has historically been a meticulous, time-consuming aspect of fleet operations.
The Next-Gen AI Dash Cam, for example, continually records driving time so fleet managers can accurately track how many hours a driver operates a vehicle or equipment for HOS logs. At a glance, this gives you a driver’s record of duty status and saves them from having to log everything manually, which can be a massive time-saver while ensuring the highest possible level of compliance. It’s also ideal for keeping in line with Canada’s Vision Zero policy that values health and safety in the road transport system and can help you operate your fleet more responsibly with a higher level of ethics.
Note that this AI dashboard camera offers driver management alerts so issues can instantly be addressed to improve safety and reduce traffic violations. It also features advanced driver assistance systems to prevent risky behavior as we discussed earlier, such as lane drifting and following too close.
2. Improved Navigation and Route Optimization
Many of today’s AI dash cams are also paired with GPS to create an all-in-one system. For instance, Titan GPS provides complete visibility of your entire fleet of vehicles, equipment, and other assets — all of which can be tracked 24/7 in real-time. With our solutions, you can see the live location of each driver on a map, making it simple for fleet managers to stay up-to-date, which is ideal for improving navigation and route optimization.
As you’re probably well aware, there’s a lot more to dispatching than merely choosing the shortest route on a map. There are numerous, ever-changing factors, such as traffic congestion, road conditions, weather conditions, open and close hours, and more. So you can’t simply plug in GPS coordinates and expect a driver to reach their destination with maximum efficiency.
But with a best-in-class vehicle tracking system, you can seamlessly dispatch drivers while taking into account a wide array of variables. Choose the optimal route that will get them to their destination with the least amount of friction, and conveniently reroute them as conditions change. You can also analyze your data to identify inefficiencies that waste time to refine your fleet management continually. Not only does this improve dispatching and routing to get your drivers from point A to point B more quickly, but it also reduces fuel consumption, labor costs, unauthorized travel, and general vehicle wear and tear.
3. Proactive Driver Safety
There’s also an undeniable correlation between using AI dash cams and increased driver safety. And that’s for three main reasons. First, the transparency delivered by these devices naturally makes fleet drivers more responsible and aware of what they’re doing. Fleet managers receive real-time alerts whenever a driver engages in risky behavior with this type of behavior monitoring system. So, if, for example, a driver fails to stop completely at a stop sign, the event would be logged, and their manager would be notified. That alone can make a big difference.
Second, corrections can be made in real-time whenever a driver makes a mistake. If they’re following too closely behind another vehicle, they’ll receive an audible in-cab driver alert notifying them of the issue. Some systems like the Next-Gen AI Dash Cam even feature instant behavioral analysis, giving drivers feedback right away to improve their driving skills rapidly.
Finally, there’s a comprehensive post-incident analysis, featuring a thorough breakdown of the events leading up to an accident, as well as what happened during and after. In turn, this helps fleet managers identify precisely what happened to take measures to reduce the chances of similar incidents happening again.
The Future of Logistics
Fleet management has advanced by leaps and bounds in the 21st century. One of the most integral pieces of technology to this progress is the AI dashboard camera. As we’ve just learned, newer products have a wide array of capabilities that can be truly game-changing for both drivers and fleet managers. From advanced driver assistance systems to real-time alerts to post-incident analysis, the future of logistics looks promising and should help companies meet challenges head-on.
Talk to an expert and test-drive our Next-Gen AI-powered dash cameras.