7 Essential Data Capabilities of Telematics Devices
Track core measurements such as miles driven, time of day and rate of speed.
Use hardware to identify risky behaviors, e.g., hard braking and cornering.
Using the data, glean reports on metrics such as fuel consumption, efficiency and carbon footprint.
Use device features for advanced trip logging, driving metric trends and mash-ups with third-party data.
Value-add services such as accident notification (especially appealing to parents concerned about their teenage drivers), vehicle recovery, navigation, geo-fencing and alerts.
Provide drivers with not only useful feedback, but price incentive to act on that feedback, which can provide customized tips for improving driving habits.
Historical telematics, premium and claims data is readily available and waiting to be used for analytics and modeling purposes.