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Frost & Sullivan Commends Storm Telematics' Best-in-Class Customer Value/ Service in the Fleet Optimization and Asset Management Analytics Market

Storm's analytics solutions not only offer customers an overview of fleet status but also help identify the areas that need improvement
Frost & Sullivan
2016-05-31 20:00 1761

MOUNTAIN VIEW, Calif., May 31, 2016 /PRNewswire/ -- Based on its recent analysis of the fleet optimization and analytics market for the oil and gas industry, Frost & Sullivan recognizes Storm Telematics (Storm) with the 2016 North America Frost & Sullivan Award for Customer Value Leadership. Storm has uniquely integrated traditional telematics with advanced radio frequency identification (RFID) to create a proprietary fleet and analytics solution suite comprising Smart-vu Pro, Smart­vu TagNet, and Smart­vu Analytics. Unlike competing solutions that largely gather telematics data, Storm's solutions intuitively accumulate data sets that are relevant to customers' respective businesses, focused on those key performance indicators that are of relevance to the organization.

Storm Telematics
Storm Telematics

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"By fusing telematics data and RFID technology into an analytics engine, Storm is able to convert data into actionable intelligence and generate quantifiable savings," said Frost & Sullivan Research Analyst, Gokulnath Raghavan. "It analyzes massive volumes of data from multiple sources and formats, and turns them into clear, highly granular information so the client can measure the true cost of inefficiency."

Storm believes that in order to deliver best-in-class customer service, it is important to first create a vast data pool. Performing algorithm-based analytics of that data pool allows customers to gain insights into the current state of their assets, as well as the benefits that they will enjoy by optimizing fleet and asset performance. The cost of inefficiency is pushed to a driver app that presents rankings, scorecards, compliance, and the true cost of inefficiency, giving the operator first-hand information about areas that need to be addressed.

In addition to an overview of assets in an enterprise fleet, Storm provides advanced descriptive, diagnostic, predictive, and prescriptive analytics. While descriptive analytics offer fleet managers a detailed understanding of issues that may occur, diagnostic analytics enable customers to comprehend the reason behind the issue's occurrence. Predictive and prescriptive analytics, meanwhile, preemptively inform customers about the consequences of pending incidents and the measures that can be taken to avoid them.

"With a team of mathematicians, statisticians, and data visualization specialists, Storm creates distinct, flexible algorithms that match each customer's needs, while simultaneously collecting telematics data," noted Raghavan. "Unlike its competitors that require clients to sign long-term contracts, Storm does not have contract terms, and its solutions have the ability to seamlessly integrate with existing back-end application program interfaces."

To ensure that customers receive a truly superior ownership experience, Storm conducts quarterly customer surveys for feedback on ways to improve its products and functionalities. The company has dedicated implementation specialists for every customer account, facilitating prompt feedback and relevant fleet information.

Storm's strategy of delivering the best value for the money has opened many doors in the North American fleet optimization and analytics market. The company's 9-year partnership with Canadian Natural Resources has positioned it to expand its customer base in the energy sector.

Frost & Sullivan is excited to recognize Storm Telematics for its market-leading focus on enhancing customer experience and return on investment for its products in the fleet optimization and analytics market.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and ultimately customer base expansion.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Storm Telematics

Storm Telematics, Inc. headquartered in Edmonton, Alberta Canada, is a privately held company that deploys advanced optimization solutions with sophisticated analytic reporting and dashboard tools, which allows for greater operational efficiencies to be delivered to its clients. Storm specializes in Telematics/ GPS, RFID, Advanced Analytics, Rig Mat Optimization, Fluid Optimization, Fleet and Asset Optimization, Insurance Optimization, LoneCall, Trailer Optimization. Storm's award winning optimization platform provides unparalleled reliability and scalability allowing for measurable return on investment. The keys to our success: Implement best of breed technology with performance/ efficiency tools to solve our client's top challenges; Use proven project management methods to achieve quick-wins and accelerate seamless, non-disruptive implementations; Always be focused on the business impact of technology and its ability to improve measurable results.

Learn more at http://www.stormgps.com/resources/contact-us/

Contact:
Ginny Mulligan
P: (780) 644-9209
E: gmulligan@stormgps.com

About Frost & Sullivan

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Source: Frost & Sullivan
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