Non-Analytics Financial Reporting Data

Most fleet transactions and data producing events are captured primarily for financial and budget reporting purposes. Even when the fleet management team manages to create a consolidated report from multiple sources and formats, it will lack the comprehensive and critical life cycle cost elements, needed to conduct meaningful analysis to derive actionable insights for execution.

Fleet reports are generally in lack of accurate and complete odometer readings, standardised cost categories, usable and sufficient vehicle ID and vendor details, time and date stamps to enable meaningful comparisons and interpretations. This makes it virtually impossible to compile feasible action plans derived from the insightful analytics needed to produce successful cost reduction outcomes impacting business results.

autolytix-lack-of-data-driven-technologies-informaton-analyticsautolytix-ahead-of-the-game