How to See an ROI from Your Telematic System Faster

construction technologyA telematic system gives you the data you need to manage your equipment in more cost-effective ways, but there’s a learning curve to using one. By investing some time in planning how you’ll use yours, you’ll start enjoying the full benefits of a telematic system as soon as possible.

Set Clear Goals

Raw data won’t help you much if don’t know how you’re going to use it. Start defining your goals for using your telematic system by listing eight to 10 improvements you could make using the data.

Then focus in on the top three opportunities you want to take advantage of right now. Any more than that and you risk spreading your efforts too thin or getting tied up in unnecessary complexity. Once you’ve achieved your goals with those opportunities, move on to the next.

Choose an Experienced, Responsive Provider

When you’re choosing a telematic system provider, take your time to investigate each company. Find out how long they’ve been in business, who their clients are, and how many telematic boxes they’re managing.

Talk with them enough to get a feel for their level of expertise. A provider should be able to explain the benefits of a telematic system in plain English and help you understand how to use the data to improve cost¬†savings, safety¬†and efficiency. If they can only throw jargon and statistics at you, it’s a sign they don’t truly understand what they’re talking about.

Put Someone in Charge

It’s all too easy to collect data without actually using it to make improvements. To make sure valuable information is put to use, assign one or two people to the job of implementing your telematic project.

Your field workers are ideally positioned to make use of the data, but first they need to get it in a format they can understand. The job of analyzing data, creating reports, and getting information to the right people in the field should be the primary responsibility of at least one person.

For more guidance on realizing the full benefits of a telematic system, contact us at Construction Monitor.

Leave a Comment

Your email address will not be published. Required fields are marked *