Frost & Sullivan Lauds DriveCam's Driver-Centric Commercial Vehicle Safety Solution The solution effectively addresses key challenges faced by transportation businesses in driver safety, regulatory compliance, operational efficiency, and fuel optimization
MOUNTAIN VIEW, Calif., July 29, 2013 /PRNewswire/ -- Based on its recent analysis of the advanced commercial vehicle safety systems market, Frost & Sullivan recognizes DriveCam® with the 2013 North America Frost & Sullivan Customer Value Enhancement Award. With its constant commitment to meet customer needs and enhance customer value, DriveCam provides an innovative, predictive, analytics-based driver safety solution that identifies, analyzes and improves driving behaviors and addresses the crucial demands of transportation businesses to improve compliance with safety regulations, operational efficiency, and fuel optimization.
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.
DriveCam adds further value for its clients by combining driver and vehicle performance information with its extensive 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.
"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 solution has also proven useful in exonerating drivers in collisions where they are not at fault and protecting clients against fraudulent claims, resulting in reduced litigation and collision-related expenses.
Currently, more than 500 fleets and 400,000 drivers on the road use DriveCam's solution. The company's recent acquisition of RAIR further bolsters its value proposition in helping transportation businesses comply with strict CSA standards.
"DriveCam's solution has supported many fleets in improving their safety practices and reducing litigation and usage-based insurance claims," noted Lau. "DriveCam's RAIR offering eases the pressure on DOT-regulated carriers, effectively helping fleets improve their safety scores, regulatory compliance, and overall operational efficiencies."
For continuous improvement in its driver safety value proposition to current and future clients, as well as for consistently elevating the safety of drivers and vehicles resulting in operating cost reductions for its clients, DriveCam is the worthy recipient of the Frost & Sullivan 2013 Customer Value Enhancement Award.
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. The award recognizes the company's inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
As proven experts in compliance and the science of safe and efficient driving, DriveCam reduces collision-related expenses, fuel costs and the risk of audits and lost business for hundreds of commercial fleets worldwide. The company identifies and addresses the causes of poor driving by combining sight and sound with real-time, predictive analytics. With over 500 commercial and government fleet clients, DriveCam monitors 20 billion driving miles annually, while protecting more than 400,000 drivers worldwide. For more information, visit www.drivecam.com.
DriveCam, DriveCam Online, Driver Science Company and RiskPredict are registered trademarks of DriveCam, Inc. RAIR is a trademark of DriveCam, Inc. All other trademarks are the property of their respective owners.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
P: 210. 247.3870
SOURCE Frost & Sullivan