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Geotab data analysis examines the health of North American commercial vehicle activity as businesses continue to assess COVID-19 impacts
TORONTO–(BUSINESS WIRE)–Geotab, a global leader in IoT and connected transportation, today announced the launch of its Commercial Transportation Recovery Dashboard. Leveraging aggregated and anonymized data processed from more than 2 million Geotab connected vehicles globally, the dashboard helps to depict the current state of COVID-19 recovery and helps visualize impact on commercial transportation and trade activity.
Benchmarking against normal, pre-COVID-19 activity, Geotab’s Commercial Transportation Recovery Dashboard acts as a central tool for regular, relevant updates on the current state of commercial vehicle activity, including by industry, trade and fuel fill-ups. The dashboard provides insight on a week-to-week basis to enable both a holistic view of commercial transportation health, as well as a micro view of specific transportation industries such as waste management, healthcare and manufacturing.
“One thing we’ve come to learn with COVID-19 is just how important data is – whether for businesses trying to operate, governments trying to reopen or the everyday consumer trying to understand the impact of this pandemic,” said Mike Branch, VP Data and Analytics at Geotab. “The aggregate-level data within this dashboard can be leveraged to help our customers and the community at large make informed, data-driven decisions as we collectively navigate through these ever-changing times.”
Current indices available on Geotab’s Commercial Vehicle Recovery Dashboard include:
- An Activity Index – representing data from North America, this index depicts the daily volume of trips made by commercial vehicles compared to normal operating behavior and compares against recovery rates from select countries.
- A Trade Index – measuring the daily volume of trips made bi-directionally across the Canada/U.S. border and the U.S./Mexico border.
- A Fuel Index – depicting the daily fuel fill-up events captured by commercial vehicles in North America compared to normal operating behavior. This index is segmented by vehicle class (heavy-duty, light-duty, passenger, etc).
- An Industry Index – examines the daily volume of trips from commercial vehicles segmented by industry type in North America.
“This recovery dashboard can help enable the transportation industry to maintain a pulse on the health of the economy through key indicators and leverage aggregate IoT and fleet data to make informed, data-driven decisions,” added Branch. “The impact of COVID-19 on the transportation industry will become more clear in the coming days, weeks and months. At Geotab, we know that data will play an essential role in not only assessing impact but facilitating recovery efforts. We are all in this together.”
Geotab’s Commercial Transportation Recovery Dashboard can be accessed here.
Geotab is advancing security, connecting commercial vehicles to the internet and providing web-based analytics to help customers better manage their fleets. Geotab’s open platform and Marketplace, offering hundreds of third-party solution options, allows both small and large businesses to automate operations by integrating vehicle data with their other data assets. As an IoT hub, the in-vehicle device provides additional functionality through IOX Add-Ons. Processing billions of data points a day, Geotab leverages data analytics and machine learning to help customers improve productivity, optimize fleets through the reduction of fuel consumption, enhance driver safety, and achieve strong compliance to regulatory changes. Geotab’s products are represented and sold worldwide through Authorized Geotab Resellers. To learn more, please visit follow us @GEOTAB and on LinkedIn.