ABAX: Mobility Made Smarter

The need for effective transportation is dramatically increasing, businesses are looking ahead for solutions that improve efficiency, comply with legislation, and increase profitability. However, most businesses today are facing increasing challenges including potential inflationary pressures, the specter of a potential recession, and staff shortages. By having a dashboard of all assets and operations, it’s possible to control how assets are used, how they are deployed, and where they are utilized to ensure that operations achieve a high efficiency level. The ability to control assets effectively and efficiently is essential whenever there may be market uncertainties, challenges, and complexities to contend with. This is where ABAX, one of the largest IoT and smart mobility solution providers, is creating an impact. With ABAX, businesses can turn mobility data into insights that helps lower total cost of mobility, and manage business more efficiently, saving time, resources, and money.

ABAX Smart Mobility solution is designed to increase the lifespan of company assets. With smarter asset usage, the lifetime of assets will increase, and there will be less waste in lost tools, thereby rapidly reduces energy consumption. ABAX Smart Mobility is beneficial economically on many levels. With rising fuel prices, cutting in fuel consumption is the first on most obvious cost-saver, together with minimizing downtime. By adding the service usage and the use of data-driven insurance as well as leasing, the TCO (Total Cost of Ownership) will decrease. Abax Smart Mobility can more than quadruple an Enterprise Cost of Mobility through cost reductions in all main cost areas of a mobile asset.  “With ABAX, your operations can be optimized through insight. When acting upon data, your company will enhance safety within your fleet and lengthen the asset lifespan. The cost of maintenance, fuel usage and real value depreciation will also go down,” explains Morten Strand, CEO, ABAX.

Through the use of GPS, and BLE Bluetooth technology, the ABAX solution picks up the locations of all company assets adding them to one common map. The asset does not need to have ABAX hardware and through open APIs, any asset type or OEM brand, like Hitachi machines, can be connected and added to the ABAX platform. The result is an easier workday for the manager who will get a full overview of tools, vehicles, and machines in one common map and report.

ABAX is one of the largest IoT companies in Europe with solutions for mileage claim, tool tracking, and equipment control with over 500,000 tracked units all over the world. ABAX translates the customer mobility data into advanced technology solutions, unlocking company data potential and savings. An instance that highlights the company’s value proposition is when ABAX assisted a UK professional Builder Lee Jones for their full range of assets like tool tracking. Jones revealed that they lost €80,000 worth of tools monthly. On top of losing the actual value of the assets comes the cost of delays and time spent on traveling to buy new assets. In 2020 theft cost the construction industry £800 million and that figure is projected to increase in 2022. ABAX helped by Adding trackers to all company assets and setting up a Geofence to decrease the number of losses. With the help of technology, all motions trespassing geographic fences will be picked up and sent out as a warning to the phone.

Today, ABAX has grown from being a vehicle tracking company covering mileage claims to becoming a leading SaaS provider, offering management solutions for all moving company assets such as vehicles, machinery, equipment, and tools. The future of connected assets is already being developed into the ABAX solution combining all mobility data into an overarching ecosystem that brings additional benefits and business opportunities into new verticals like leasing, insurance, tires, and fueling. “As of today, ABAX has no competitors developing both hardware and software for the future of the mobility data industry. By connecting all company assets, into one user interface, ABAX has taken the use of data a giant step further,” concludes Strand.