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How GPS Technology has Reduced Corporate Asset Theft Over the Last Decade

By Edited Jul 2, 2016 0 0

It looks like car theft is set to be a thing of the past with advancements in technology and development of GPS vehicle tracking systems. With the ever growing improvements in the GPS technology, the prices are coming down so that most people with cars can now afford them. Vehicle tracking systems, in combination with other anti-theft devices, are the reason car theft rates are hitting an all time low according to the FBI. Data collected by the FBI shows that in 2008, 300 cars per every 100,000 were reported stolen, whereas twenty years ago it was 650 stolen cars for every 100,000 people. Officials accredit this totally to the GPS vehicle tracking systems.

In recent studies, managers who used vehicle tracking systems in their corporate or fleet cars reported almost 25% lower downtimes. While all vehicles require normal maintenance, consider the fact that a car going at 70 mph takes159% more horsepower than one driving at the optimum speed of 55 mph. The use of additional horsepower drains the engine more, which leads to more frequent maintenance downtime. GPS vehicle tracking allows managers to keep an eye on the drivers and their driving speed. Whenever a driver gets careless, it is possible to talk to the driver and warn him of the dangers. Additionally, for each mile per hour that the driver goes above the ideal speed, the fuel usage is increased by 1.5%. Again the drivers can be watched and encouraged to slow down. Idling is another source of wastage for corporations with a large fleet of cars. Vehicle tracking systems have built-in alerts that can warn drivers of their wasteful habits.

Installing GPS vehicle tracking allows managers to know where the vehicle is at all times and how fast it is going. All stops are documented along with durations, and any accidents that take place are recorded. Additionally, managers can set boundaries for their vehicles and should a vehicle cross this boundary, the manager is alerted. The best thing is that if a driver does not have a mobile phone, the driver can be spoken to through the vehicle tracking system installed in the car.

Besides vehicles, other corporate assets can be protected in many ways using veGPS technology. For example, software can be implanted in the firmware of company computers; this software is immune to re-installations and hard-drive reformatting or replacing. If the computer is stolen, documented evidence is available to prosecute the thief.

In the past, it was difficult for employers to monitor people who worked on their own. These include workers in the healthcare profession, emergency services, estate agents, and public transport staff. People working outside the typical working hours, like factory staff or night cleaners were also difficult to keep an eye on. According to the Health & Safety at Work Act of 1974 and the Management of Health & Safety at Work Act of 1999, it is important to identify dangers faced by lone workers and take suitable action. Failure to meet these requirements can lead to companies being prosecuted in situations where safety failures lead to the death of an employee. Devices similar to those used in vehicle tracking are available and suited to the needs of the lone workers. The devices are small enough to fit in a pocket easily and allow workers two-way communication and GPS tracking. Additionally, they do not require external antennas to operate even inside cars. These units monitor lone workers non-stop throughout the year.


Fleet Tracking

With the help of 24 satellites continuously orbiting the earth, it is now possible to find the location of almost anything which has the receiver attached to it, to within a few meters. Inside mobile phones, they help one to find locations so it is almost impossible to get lost anymore. Sports enthusiasts can use them to calculate distances they cover when they work out. But the most significant application is the tracking of anything from cars, to people, or even monitoring the movements of endangered species. GPS vehicle tracking devices are useful in numerous applications, where they are responsible for saving lives and money.
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