Moving to a new connectivity system
Fleet management companies that are still subscribed to older wireless systems like 3G are in danger of facing genuine tech obsolescence. 3G networks are increasingly shuttered to free up wireless spectrum for existing 4G LTE and still-expanding 5G networks. IoT (Internet of Things)-connected telematics devices, trailers, and safety mechanisms will be affected, and this will ultimately impact entire fleet management systems within the trucking industry.2
In the long run, enterprises adopting new wireless systems should resolve more issues rather than face new challenges. Yet, setting up a new connectivity system can be complicated with multiple devices, vendors, software or applications, and networks to consider.
Navigating different markets
Recent research shows that approximately a third of logistics companies in the Asia Pacific (APAC) region are considering IoT (37%), warehouse automation (33%), and electric vehicles (32%) as key investment priorities in the next two years. It also shows that while GPS, RFID, and QR codes (20%) are most commonly used in fleet management, IoT is also gaining traction, with 21% of respondents having adopted it.3
However, especially in APAC as a region, enterprises face market fragmentation, preventing them from truly bringing connected cars to end-users. APAC has diverse cultures and languages, differing regulatory frameworks (from data privacy to compliance), mobile network operators, and varying levels of infrastructure maturity, such as different rates of 5G adoption.
Managing multiple devices
Digitalised fleet management typically consists of fleet management software devices, vehicle software, and management interface software.4 Enterprises investing in IoT for connected cars may be concerned by the number of new devices to be purchased for the fleet, ranging from hundreds to thousands of vehicles or assets.
Ideally, a one-stop service provider like Singtel cuts through the complexities that come with intimidating system shifts while saving on time and costs.
For instance, a solution like Singtel’s Paragon requires no new hardware investments, and lets enterprises pay only for what they use. Paragon also provides access to a robust ecosystem that connects to industry-leading device and chipset manufacturers, platform and app providers, domain partners, and system integrators. It was designed with the desire to help enterprises reduce the complexity and time needed in adopting 5G, edge computing and low latency applications and services while lowering the barriers to entry for enterprises.
Enterprises will be able to benefit from their 5G and edge computing deployments sooner and at a lower cost.