Based on its recent analysis of the advanced commercial vehicle safety systems market, Frost & Sullivan recognized DriveCam with the 2013 North America Frost & Sullivan Customer Value Enhancement Award.
“Most safety solutions in the commercial vehicle industry are focused on improving the vehicle’s safety, unlike DriveCam, which focuses on the drivers and improving their driving behaviors,” said Frost & Sullivan Industry Analyst Wallace Lau. “With DriveCam, fleets can achieve higher safety scores, enabling them to attract high-quality drivers and improve their brand image.”
DriveCam’s video event recorder-based solution offers transportation businesses unique insights to understand and correct risky driving behaviors. Installed behind the rearview mirror, the DriveCam sensor captures both sight and sound. Using two imagers — one facing the road and another facing inside the vehicle — the DriveCam solution uses the company’s patented RiskPredict analytics technology and the power of video to identify risky driving events. The DriveCam sensor runs continuously but only records and uploads the critical eight seconds before and four seconds after an event has been identified as risky.
Currently, more than 500 fleets and 400,000 drivers on the road use DriveCam’s solution.
DriveCam also combines driver and vehicle performance information with its database of critical events and analytics engine to predict future events before they occur. The DriveCam platform analyzes volumes of data, transforming it into actionable information that helps fleet managers understand key indicators impacting their fleets and drivers. Further, all recorded data is analyzed and posted daily on DriveCam Online —a Web-based SaaS application — for fleet managers to provide consistent and timely feedback to their drivers, resulting in an immediate improvement in overall fleet efficiency.
In addition to driver improvement, DriveCam’s solution has resulted in fuel savings of up to 12 percent, as well as reduced maintenance costs, the company claims.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products.