Cost and benefit of using AI in fleet operations
Summary
ChatGPT promises to dramatically increase organizational visibility, build a baseline for strategies and plans, streamline internal and external communication, and effectively optimize end-to-end operations. Three critical areas in running a corporate transportation fleet could see significant impacts with the continued growth of AI and ChatGPT – asset management, equipment finance, and M&R planning and operations. In fact, aside from the general considerations, ChatGPT is not built to analyze actual miles of vehicle operating and utilization data to build an effective asset management plan. Furthermore, the Boston Consulting Group (BCG) offers a report that shows how AI may help organizations achieve $1.5 trillion in additional value3 from increased productivity and reduced downtime in the global industrial sector by 2030. This is important because customized TCO analytic tools that leverage predictive modeling allow organizations with transportation fleets to create future business insights with a significant degree of accuracy.