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How GPS Technology has Reduced Corporate Asset Theft Over the Last Decade
1. How GPS Technology has Reduced Corporate Asset Theft
Over the Last Decade
Who'll become the first one to create a space colony, Elon Musk or perhaps Sir Richard Branson? It's
probably even money!
It looks like car theft is set to be a thing of the past with advancements in technology and
development of GPS vehicle tracking systems. With the ever growing improvements in the GPS
technology, the prices are coming down so that most people with cars can now afford them. Vehicle
tracking systems, in combination with other anti-theft devices, are the reason car theft rates are
hitting an all time low according to the FBI. Data collected by the FBI shows that in 2008, 300 cars
per every 100,000 were reported stolen, whereas twenty years ago it was 650 stolen cars for every
100,000 people. Officials accredit this totally to the GPS vehicle tracking systems.
In recent studies, managers who used vehicle tracking systems in their corporate or fleet cars
reported almost 25% lower downtimes. While all vehicles require normal maintenance, consider the
fact that a car going at 70 mph takes159% more horsepower than one driving at the optimum speed
of 55 mph. The use of additional horsepower drains the engine more, which leads to more frequent
maintenance downtime. GPS vehicle tracking allows managers to keep an eye on the drivers and
their driving speed. Whenever a driver gets careless, it is possible to talk to the driver and warn him
of the dangers. Additionally, for each mile per hour that the driver goes above the ideal speed, the
fuel usage is increased by 1.5%. Again the drivers can be watched and encouraged to slow down.
Idling is another source of wastage for corporations with a large fleet of cars. Vehicle tracking
systems have built-in alerts that can warn drivers of their wasteful habits.
Installing GPS vehicle tracking allows managers to know where the vehicle is at all times and how
fast it is going. All stops are documented along with durations, and any accidents that take place are
recorded. Additionally, managers can set boundaries for their vehicles and should a vehicle cross
this boundary, the manager is alerted. The best thing is that if a driver does not have a mobile
2. phone, the driver can be spoken to through the vehicle tracking system installed in the car.
Besides vehicles, other corporate assets can be protected in many ways using veGPS technology. For
example, software can be implanted in the firmware of company computers; this software is immune
to re-installations and hard-drive reformatting or replacing. If the computer is stolen, documented
evidence is available to prosecute the thief.
In the past, it was difficult for employers to monitor people who worked on their own. These include
workers in the healthcare profession, emergency services, estate agents, and public transport staff.
People working outside the typical working hours, like factory staff or night cleaners were also
difficult to keep an eye on. According to the Health Safety at Work Act of 1974 and the Management
of Health Safety at Work Act of 1999, it is important to identify dangers faced by lone workers and
take suitable action. Failure to meet these requirements can lead to companies being prosecuted in
situations where safety failures lead to the death of an employee. Devices similar to those used in
vehicle tracking are available and suited to the needs of the lone workers. The devices are small
enough to fit in a pocket easily and allow workers two-way communication and GPS tracking.
Additionally, they do not require external antennas to operate even inside cars. These units monitor
lone workers non-stop throughout the year.
With the help of 24 satellites continuously orbiting the earth, it is now possible to find the location of
almost anything which has the receiver attached to it, to within a few meters. Inside mobile phones,
they help one to find locations so it is almost impossible to get lost anymore. Sports enthusiasts can
use them to calculate distances they cover when they work out. But the most significant application
is the tracking of anything from cars, to people, or even monitoring the movements of endangered
species. GPS vehicle tracking devices are useful in numerous applications, where they are
responsible for saving lives and money.
To learn more about GPS technology, you ought to check back here pronto. There'll be lots of great
posts to browse!
http://www.infobarrel.com/How_GPS_Technology_has_reduced_corporate_asset_theft_over_the_last_
decade