With the continuing buzz and optimism surrounding Internet of Things (IoT), equipment telematics, and always-connected devices, it would be easy to assume these new technologies will instantly solve all your operational issues and miraculously increase profit margins. This can indeed be true, but only if the technology is applied prudently and in appropriate business areas.
By taking a deeper dive and aligning technology with your business strategy, equipment rental companies can:
· Improve equipment uptime
· Improve safety
· Eliminate idling
· Better understand actual costs and customer needs
· Prevent theft
Telematics can also help you differentiate from the competition through the way you charge for equipment rentals. Find out how this can be achieved by reading this white paper.