The start of a new year brings a new set of objectives and reflection on last year’s goals for most fleet managers. Did your fleet performed as you hoped it would? Do you have what you need to work toward goals for 2023? And what about looking toward long-term success?

For some, it may seem easy to work with goals regarding the immediate future. Cut fuel costs in the first quarter. Slash emissions by the end of the year. But what if your fleet strategy could set up your fleet for success both today and years down the road? This is the idea of futureproofing your fleet.

Why should you care about futureproofing?

While most of your goals right now probably center around 2023, setting your organization up for long-term success can never hurt. If there’s anything we’ve learned in the past few years, it’s that change is constant and inevitable. Whether they be industry matters such as mass vehicle shortages, updates of vehicles and technologies within your fleet, changing global socioeconomic situations and so on. A futureproof fleet is one that is prepared from the start to adapt to these changes and grow alongside them.

Business intelligence is a great tool for helping fleets prepare for these changes and create a forward-thinking management strategy. By using your fleet’s various data sources, managers are able to use custom reports and visualizations to identify cost-saving opportunities and boost operational efficiency.

5 ways BI can help you futureproof

One thing that every fleet manager should know, is that business intelligence can be one of their greatest tools in reaching 2023 objectives. With all of their fleet data sources streamlined into one space, the custom reports and data visualizations make it easy to quickly identify how your operations can be optimized.

Creating a benchmark for success

Knowing where you stand can provide invaluable insight for your fleet when it comes to identifying weak spots and knowing which areas need improvement. It can be tricky to know if your fleet is performing relatively well if you don’t know how your industry peers are doing.

Benchmark your fleet data to ensure that your fleet is performing up to industry standard and to set baselines for your own performance down the line. This is also a powerful tool for showing stakeholders your fleets year-over-year growth going forward.

Rightsize your fleet

Rightsizing efforts can make a huge impact when it comes to lowering fleet costs and reducing waste. Often times, fleets are unaware that their underutilized assets are eating away at budget without making up for it in day-to-day operations. Instead, managers could get rid of excess vehicles and optimize vehicle usage for better efficiency. These efforts also promote fleet longevity by keeping your fleet optimized and efficient while reducing unnecessary costs and waste.