IMPROVING SAFETY & ROI BY ANALYSING DRIVER RISK

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IMPROVING SAFETY ROIBY ANALYSING DRIVER RISK
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One of the most anticipated innovations in
transportation is Advanced Driver Assistance
System (ADAS) technology, and new capabilities to
this technology are being continuously developed
and introduced. This is a boon for fleets as they
stand to benefit from the improved safety and
efficiency of ADAS technology as part of their
fleet management system.   ADAS operate using a
wide range of technologies - from cameras to
radars and lidar systems which can operate both
independently and in conjunction with other
systems that help to identify and avoid possible
hazards. This is achieved by either warning the
driver or proactively taking over an element of
vehicle control such as braking or steering if
the driver doesnt react. ADAS have a key role to
play in the reduction of the number of vehicle
accidents on the road. As the technology has
improved, so has the safety of fleet vehicles
equipped with ADAS.
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Facts on Fleet Safety

• Depending on the type of the goods, fleets have
  different risks which specifically can be
  categorized by
• Fleets who have a need to improve their TAT
  (Turn around Time) for eg. Ecommerce fleets
• Fleets who have a need to improve overall safety
  for eg. Hazmat fleets
• Accidents are a major concern across the globe
  when it comes to long-haul driving.

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Accident Timings and Causes
When a vehicle meets with an accident
Not every drowsy driver loses his life, but
accidents are never planned and so being drowsy
or inattentive while driving can cause serious
damage to goods, lives etc. and can also impact
business activities. Here are some pertinent
stats that show what impact an accident can have
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Losses Due to On-road Accidents
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For fleet companies, if any of their vehicles
meet with an accident, the impacts of this can
include

• Damage to the vehicle Repairable
• Injuries to driver co-driver or traveller/rider
  on the road
• The first impact is immediate repair expenses.
  Even for a minor accident, it can cost up to 50K
  to 1L and for major accidents, it can go even
  higher
• This causes the Insurance premiums to go up
  considering the fact that the risk profile of a
  fleet company goes up after even one accident.
• Considering the risk claims made for insurance,
  the fleet company loses the advantage of the No
  Claim Bonus (NCB) for the next years premium
  cycle. These benefits usually range between 20
  to 50
• Because the truck is off the road due to
  maintenance work, it wcarries out 5-7 long haul
  round trips (Approx 2,000 Kms per round trip) in
  a monthill also incur business losses up to INR 6
  Lacs during a month considering a truck on
  average
• They might incur a penalty for damaged goods
• It can have an adverse impact on business
  reputation

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Benefits of having ADAS
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How ADAS has performed so far in reducing the
accidents and risk
drivebuddyAI has engaged in significant data
analysis of existing customer fleet companies to
quantify the benefits of using its ADAS platform.
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Visit drivebuddyai.co for further information!