Updates and New Solutions Add Efficiency, Insights, and Improvement for Increased Optimization of Fleet Management and Safety
SAN DIEGO, Calif.– March 8, 2023 – Netradyne, an industry-leading SaaS provider of artificial intelligence (AI) and edge computing solutions focused on safety and driver coaching for commercial fleets, today announced its seasonal launch, which introduces new solutions and updates to its existing product suite. Amid current economic uncertainties, efficiency and visibility into every aspect of a commercial fleet’s business have never been more crucial. Netradyne’s new features, Recommended Coaching, Collision Management, Fleet Safety Progress Report, and Fleet Tracking, help commercial fleets of all sizes address these challenges and better adapt to the ever-changing economic and industry climates.
- Recommended Coaching: Unlike anything else on the market, Recommended Coaching brings new levels of effectiveness and efficiency by automatically identifying the drivers who need coaching the most when they need it the most. Using historical driving behavior and AI, Netradyne’s solution acts as a safety manager’s assistant to sift through all alerts and instantly provide lists of drivers needing coaching, thus creating significant productivity improvements. Weekly update recommendations leverage data from either the last coaching session or the previous six completed weeks. Recommended Coaching alerts will include 1-2 driving trends contributing to a driver’s score reduction. If a driver receives recent coaching, they will automatically move to the bottom of the list. If a driver ignores a Recommended Coaching alert the week it is provided, they remain in the coaching cue, and their session is in escalation. Drivers with good scores and a track record of good driving behavior can bypass Recommended Coaching sessions, saving time for drivers and busy safety managers and, ultimately, costs for fleets.
- Collision Management: With increased road collisions, non-truck occupant injuries, and litigations, commercial fleets’ insurance, and collision costs have risen dramatically. From 2010 to 2020, the market saw a 71% increase in costs incurred from collisions1. Lags in the current reporting of collisions and injuries significantly extend claim closure ratios, increasing claim costs and litigations. To help combat these rising costs, Netradyne’s new Collision Management feature can eliminate reporting lags with its precise detection of collisions and ability to provide real-time First Notice of Loss (FNOL) information. Collision Management helps commercial fleets reduce litigations, claims, and rising insurance costs through a set of tools that streamline the entire workflow — from capturing the event on HD video all the way to submitting an insurance claim. With higher degrees of integration and automation, Netradyne can detect the difference between fender benders and head-on-accidents in real-time, which addresses pain points at an early stage, saving fleets time and resources across the board.
- Fleet Safety Progress Report: Insurance costs have increased 47% in ten years, creating yet another always-growing cost for commercial fleets2. As such, fleet managers and executives are constantly looking to measure and reduce risks to help lower costs across the board. The new Fleet Safety Progress Report provides actionable insights and a concise view of the fleet’s performance. The Driver•i® platform analyzes massive amounts of data compiled from driving behaviors, fleet performances, road data, and detected data events and creates easy-to-use reports showing key insights about fleets and driver risk levels. Now, fleets can negotiate insurance premiums based on actual performances instead of being set by aggregated market data. Fleets get a detailed report demonstrating the effectiveness of Netradyne’s safety solutions, offering a powerful mechanism for highlighting actionable improvement opportunities and a tool to negotiate prices and facilitate discounts based on driver performance and risk.
- Fleet Tracking: A key component to a robust fleet safety and management solution, Netradyne’s Fleet Tracking offers customers enhanced visibility and optimization across vehicles and fleets with a complete picture of the path of travel and activity. Customers can create location geofences, receive notifications when a vehicle enters and leaves a geofence and share a vehicle’s location with third parties like customers or vendors, providing greater visibility and optimization across the entire supply chain. Information gleaned from Fleet Tracking empowers safety managers and drivers with advanced route monitoring, increasing efficiencies and cost savings.
“As a high-performance organization, we strive to deliver new impactful solutions for our customers facing the repercussions of a volatile market. Netradyne’s recent SMB survey reinforces that safety and financial concerns continue to be top of mind for fleet business decision-makers. Our seasonal launch provides a new feature suite that gives our customers the peace of mind that Netradyne continues to innovate in safety, fleet management, and cost optimization,” said David Julian, Co-Founder and CTO at Netradyne. “We look forward to building on our market-leading safety technology and to continue finding opportunities to raise the industry standard for the commercial fleet industry.”
About Netradyne, Inc.:
Founded in 2015, Netradyne is an industry-leading fleet safety SaaS startup with over 500 employees and offices in San Diego, CA, and Bangalore, IN. Trusted by more than 1,000 commercial fleets of all sizes and vehicle types worldwide, Netradyne’s flagship product Driver•i fleet camera system delivers the industry’s most advanced AI-powered HD video safety cameras, fleet performance analytics, and driver awareness tools. Driver•i recognizes risky and good driving behaviors by analyzing every minute of drive time, in-cab, and out with 98% accuracy.
For more information, visit www.netradyne.com. Stay up to date with Netradyne on LinkedIn, Facebook, Twitter, our blog, and newsroom.
Footnotes:
- * ATRI’s most recent report, The Impact of Rising Insurance Costs on the Trucking Industry, February 2022.
- *ATRI’s most recent report, The Impact of Rising Insurance Costs on the Trucking Industry, February 2022.
Media Contact:
Sarah Duckett
Sr. Communications Manager, Netradyne
sarah.duckett@netradyne.com
