Q. What are the newest data analytics tools in fuel management?
A. Data visualization is probably the hottest trend in fuel management right now...
A. The latest fleet management solutions will take advantage of the Internet of Things (IoT) to provide fleet operators a wide range of benefits over the lifetime of their vehicles. These could include seamless payments, reduced fuel spend, driving analytics, preventive maintenance and, at the far end, autonomous vehicles. But this shift means businesses must have a data management strategy before implementing solutions.
To make the most of your investment, focus on the metrics you want to measure to address your most pressing operational issues. Then, think about which insights make sense to improve safety, reduce risks, streamline operations and elevate your bottom line. Once you have a data management strategy in place that meets your key goals, that’s where a consultant like WEX can help refine and define it for you.
ClearView offers actionable insights into fueling and purchasing behavior, with data served visually and even voice-activated via Alexa so you can understand easily. With WEX Telematics, you can track vehicle location, speed, fuel use, idling, driver performance and more. DriverDash lets you make fuel payments securely from inside your vehicle. Just a few examples.
Senior Vice President and General Manager
A. Data visualization is probably the hottest trend in fuel management right now...
A. I think we always want to collect more data. Our partners and customers expect that from us...
A. Absolutely. That’s becoming a huge need in the marketplace...
A. Fraud is definitely a big issue for companies managing their fuel costs. One of the biggest issues is...
A. We are in the electric space today. We’ve got acceptance at a number of charging stations, including ChargePoint...
A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must...
A. Absolutely, and fuel cards are a key control...
A. Level 3 data capture is one of the fundamental ways fleet operators are able to better identify and more effectively rein in costs...
A. Fuel cards help businesses fuel their vehicles, document and analyze those fuel purchases, and limit exposure to unauthorized purchases...
A. Not all fuel cards are the same. Here are some popular criteria that fleet managers use when selecting a card program...
A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.
A. We have 10.5 million WEX fuel cards in circulation worldwide...
A. We start off with basic levels of consumption: usage, trends, when they’re buying, where they’re buying. Then we’ll drill down a bit deeper to say...
A. Established in 1983, we are an industry leader known for developing technology that pioneered the closed-loop, proprietary fuel card network...
A. Not any time soon. There’s a deadline of 2020, but...
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