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Digi's iFleet ventures into new markets

By Chong Jinn Wei - on 11 Jun 2017, 11:00am

Digi's iFleet ventures into new markets

Digi recently announced its iFleet B2B solution, which is part of the company's Connected Vehicles strategy that offers solutions for commercial and private vehicular tracking.

From L-R: David Wong, CEO, SnT Global Logistics; and Praveen Rajan, Chief Digital Officer, Digi. <br>Image source: Digi.

Leveraging on Digi’s comprehensive 4G+ network and machine-to-machine (M2M) connectivity, the company wants to provide an Internet of Things (IoT) service to businesses that require a way to accurately track their vehicles.

“Malaysia’s automotive market landscape indicates that there is an opportunity for Digi to disrupt the status quo, to draw and create much value from the growth within this industry. The outlook is promising, where commercial vehicles carrying goods are increasingly required to have real-time tracking systems as per SPAD’s ICOP safety guidelines, and the number of registered vehicles total more than 27.6 million in 2016 with growth rates set to maintain at over 60,000 and 500,000  per year respectively for new commercial and private vehicles,” said Praveen Rajan, Chief Digital Officer, Digi.

With iFleet, companies are provided with an inclusive solution that covers software, hardware, and connectivity. Meant for tracking commercial vehicles, this intelligent fleet management system allows companies to track their vehicles in real time. This also means companies like SnT Global Logistics can also gauge the behavior of their drivers to encourage a safer driving culture. In the future, more features can be added to iFleet, such as smart fuel management.

In addition, Digi also wants to break into the motor insurance industry by introducing a usage-based insurance (UBI) solution. This allows insurance companies to more accurately price motor insurance premiums from fleet performance to individual vehicles. Not only will this reduce insurance claims loss ratio for insurers, but it will also promote safer driving habits.

By venturing into the two emerging IoT markets, Digi will be contributing towards the target Gross National Income (GNI) of RM9.5 billion by 2020.

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