The Fuel And Fleet Card Business Are Here To Flourish With Technology

Fleet and fuel cards are the latest buzz today! And the fuel and fleet card market is estimated to expand to about $35 billion by 2019. A lot has been happening in terms of the fleet and fuel card membership and usage. But still, this sector is at a developing stage. Till date, it is very fragmented and an uncharted industry. The service providers bargaining capacity for discount deals from the fuel brands require increased visits to the gas stations. It certainly has a benefit. However, the issuers fast realize that it is essential to up their game. And here once can expect that the advanced technologies to be of some help.

The Recent Scenario

Today, the innovators are searching for brand new fleet card contracts. However, their capacity to draw in interest will get based on payment processing. As opposed to the gas cards, that only has the objective of fuel purchase, the fleet and fuel cards assist in buying fuel as well as maintenance amidst the maintenance and fuel merchants inside a specific network. It ensures that there’s an in-depth transaction reporting. To know more, you can check out the Superfleet fleet cards for Speedway.

It is not easy to manage the gas expenses at the pump stations! Hence, the companies have directed their employees and drivers to resort to fleet cards for remedying the after-effects of the fuel price increase. These cards enable the managers to keep track of the expenses per vehicle, bargain the price as well as lessen the fleet overhead by eradicating the tedious paper-oriented reimbursement processes.

It is essential for fleet managers to access all the relevant data linked with transactions when their drivers use this card. And almost 30% of the data gets lost, as it’s not tracked. Technology can be of immense help here.

The Use Of Big Data In Fuel And Fleet Cards

Based on a MarketsandMarkets research done recently, it’s revealed that the trucking and commercial fleet industries, using M2M communications and telematics have the edge over the other sectors, concerning big data. Based on the research study, rising competition, fuel expenses, and carbon dioxide emission management norms are some of the problems that make the use of technology important in fleet management.

The use of big data can help to outline functional efficiencies by managing vehicle mileage and performance. It can also enhance operational reliability, maintenance planning, safety, and driver control. Additionally, it can also optimize routes and navigations. And when there's no system to track the data, the value gets lost.

The policy changes that are pending will also boost the data processing done by fleets. It will ensure passenger safety and will also offer immense data to the fleet managers, which they can put to good use.

In terms of leveraging "big data," the trucking and commercial fleet industries enjoy a competitive edge over others. The fleets today are high-tech with advanced technologies. And the challenge is no more limited to collecting data! Instead, it’s about harnessing the power that comes with it. The data can help the fleet managers get several perspectives that they put to good business use as well and better their business. 

Fleet and fuel cards are the latest buzz today! And the fuel and fleet card market is estimated to expand to about $35 billion by 2019. A lot has been happening in terms of the fleet and fuel card membership and usage. But still, this sector is at a developing stage. Till date, it is very fragmented and an uncharted industry. The service providers bargaining capacity for discount deals from the fuel brands require increased visits to the gas stations. It certainly has a benefit. However, the issuers fast realize that it is essential to up their game. And here once can expect that the advanced technologies to be of some help.

The Recent Scenario

Today, the innovators are searching for brand new fleet card contracts. However, their capacity to draw in interest will get based on payment processing. As opposed to the gas cards, that only has the objective of fuel purchase, the fleet and fuel cards assist in buying fuel as well as maintenance amidst the maintenance and fuel merchants inside a specific network. It ensures that there’s an in-depth transaction reporting. To know more, you can check out the Superfleet fleet cards for Speedway.

It is not easy to manage the gas expenses at the pump stations! Hence, the companies have directed their employees and drivers to resort to fleet cards for remedying the after-effects of the fuel price increase. These cards enable the managers to keep track of the expenses per vehicle, bargain the price as well as lessen the fleet overhead by eradicating the tedious paper-oriented reimbursement processes.

It is essential for fleet managers to access all the relevant data linked with transactions when their drivers use this card. And almost 30% of the data gets lost, as it’s not tracked. Technology can be of immense help here.

The Use Of Big Data In Fuel And Fleet Cards

Based on a MarketsandMarkets research done recently, it’s revealed that the trucking and commercial fleet industries, using M2M communications and telematics have the edge over the other sectors, concerning big data. Based on the research study, rising competition, fuel expenses, and carbon dioxide emission management norms are some of the problems that make the use of technology important in fleet management.

The use of big data can help to outline functional efficiencies by managing vehicle mileage and performance. It can also enhance operational reliability, maintenance planning, safety, and driver control. Additionally, it can also optimize routes and navigations. And when there's no system to track the data, the value gets lost.

The policy changes that are pending will also boost the data processing done by fleets. It will ensure passenger safety and will also offer immense data to the fleet managers, which they can put to good use.

In terms of leveraging "big data," the trucking and commercial fleet industries enjoy a competitive edge over others. The fleets today are high-tech with advanced technologies. And the challenge is no more limited to collecting data! Instead, it’s about harnessing the power that comes with it. The data can help the fleet managers get several perspectives that they put to good business use as well and better their business.