Demand for Off-Highway Vehicle (OHV) Telematics to Witness Significant Surge Due to Increasing Cost of Fuel
Off-highway vehicle (OHV) telematics collects data from various sources, including traffic lights and traffic signs. It finds applications in agriculture, mining, construction, and other industries majorly due to increasing fuel costs . Off-highway vehicle telematics systems are used primarily to improve the delivery of customer service, reduce claims due to mismatches between the time the claim was made and the time it is processed, and increase the profitability of premiums. In order for such systems to work properly, they must be able to provide accurate and timely data in real-time about the conditions encountered during a claim. When an insurer purchases off-highway vehicle (OHV) telematics system software they are often purchasing the best available technology for managing these various aspects of vehicle and driver tracking. There are many different components that make up these systems. The most basic of components includes the base unit and the portable modules. The b...