Predictive analytics, or the use of raw data and statistics to predict future outcomes, has become a hot commodity in the world of sports over the past decade. Starting with moneyballers like Billy Bean and the Oakland A’s, GMs and sports statisticians have been able to gain a better understanding of what has happened statistically in the past, and what is most likely to happen in the future, to make decisions that increase the likelihood of winning games and have statistically strong individual and team performances.
Today, this same strategy has been used for different purposes in the world of fleet management. By understanding how vehicles and drivers perform in the past, fleet businesses can leverage that data and make data-driven decisions that often increase fleet efficiency.
But how does this work? What are the benefits of predictive analytics in the fleet industry? In this blog, the fleet management software specialists at Skypatrol will discuss the applications and benefits of predictive analytics for small and medium-sized fleet businesses.