JAM supports the development of an IoT solution (hardware & software), capable of reducing operational costs of businesses managing vehicle fleets by targeting the following key needs:
Fuel efficiency: fuel represented, in 2011, 32% of the total cost of fleet operation;
Maintenance costs: lack of maintenance shortens the vehicle lifetime and leads to excessive maintenance costs, fuel consumption, higher vehicle off-road time and losses in productivity;
Compliance with environmental regulations and reduction of CO2 emissions.
The device is connected to the mandatory vehicle interface for on-board diagnostics (OBD) and collects data from all vehicle sensors, using state of the art artificial intelligence to detect risks before malfunctions and breakdowns occur, allowing immediate interventions. Continuous monitoring of vehicle health allows the mechanical optimization of the fleet, reducing fuel costs and CO2 emissions.
This product is integrated in the 18 Billion Euros worth commercial telematics market as an aftermarket solution. The market is expected to grow to 42,8 Billion Euros by 2020. Although there are solutions in the market making use of the OBD interface to assess vehicles’ conditions, we will be able to introduce major market breakthroughs.
Product’s feasibility was assessed during a SME Instrument Phase 1 project, and with this Phase 2 project we will be able to have a market ready version of JAM.