Today fleet managers lack information regarding their vehicles true reliability and condition (health status). Each vehicle represents 3-5k€ p/year in maintenance. Vehicle malfunctions and their unpredictability lead to higher operational costs and less reliability over the performance and operation of fleets.
In fact, inadequate maintenance has a measurable direct impact on operational costs related to shorter fleet lifetime, more frequent and expensive replacement of vehicle parts, unpredictable and recurrent off-road (VOR) time and even unoptimized fuel consumption.
VOR time has a strong impact on the productivity and efficiency of fleets, and fuel and maintenance costs alone represent 47% of the total costs of trucking. In 2012 fleets of the EU-28 burnt 123 billion litres of fuel, representing around €200 billion in costs. In Europe alone, buses and trucks represent only 5% of the vehicles in circulation, but their CO2 emissions make up one third of total road transport emissions.
Stratio is an IoT product that turns vehicle maintenance into an exact science. Stratio’s device - Stratio Plug - is connected to the vehicle on-board diagnostic (OBD) interface, and collects data in real-time from all vehicle sensors. Artificial Intelligence (AI) is then used to identify failures before they happen.
Stratio explores an existing gap by focusing its approach on predictive maintenance, identifying potential problems and providing solutions through the Stratio Play platform, including expected repair time, potential costs and step-by-step guides on how to perform repair.
Main competitive advantages:
• Predictive maintenance, detecting the onset of systems degradation, reporting anomalies before failures occur
• Capable of extracting more data than competitors (standardized and non-standardized sensor data)
• Agnostic device, capable of retrofitting older vehicles, as it works in all vehicles despite age, brand or model
• Specifically designed for medium/heavy-duty fleets
