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RoviTracker is a telematics company specializing in the equipment, agriculture, and trucking industries. Its technologies operate in the IoT (Internet of Things) space, collecting data from heavy equipment such as GPS location, engine run times, battery voltage, PSI, fluid levels, temperature, solar chargers, video, motion, and more. That data then becomes accessible in real-time through transparency platforms and report generators that provide key insights into utilization at job sites, fuel transparency, equipment misuse, and other crucial efficiencies and discrepancies. In partnership with Sandhills, RoviTracker is able to reach buyers in the market for its telematics devices and technology through targeted advertising on Sandhills Publishing’s industry-specific trade websites.

The partnership will also take RoviTracker’s data a step further by integrating asset valuations powered by Sandhills’ FleetEvaluator—a dynamic valuation software that weighs real-time data against key market considerations and health-of-the-market indicators to generate accurate asset valuations. Instant access to these crucial datasets presents clear advantages for users. The upcoming data integrations also add value to RoviTracker’s product offerings for new and existing clients. “We’re excited to work with Sandhills Publishing because of its extensive presence, understanding, and vision in the heavy equipment space,” says Alain Eav, CEO of RoviTracker. “This partnership offers our clients a quick, simple solution for asset valuations,” he adds, noting the crucial advantage of real-time data. “In today’s markets, stale data is virtually useless; it’s an expense that weighs on the bottom line—similar to having old, exhausted machinery in the yard. Together, RoviTracker and Sandhills Publishing can provide a solution that allows dealerships and rental and leasing companies to make the most profitable decisions for their fleets.”

“Accurate asset valuations ultimately influence short- and long-term utilization strategy and the route to liquidation,” adds Sandhills Publishing’s Moani Baumfalk, who is working with dealerships and rental and leasing companies to leverage these technologies to streamline data capture technology and fleet management tools for rental equipment. “Partnering with RoviTracker allows us to align that data with other crucial utilization and profitability metrics so that dealers and rental and leasing companies can access the real-time information they need to make smart business decisions and capitalize on market opportunities.”

What is Predictive Analytics?

Predictive analytics combines several monitoring methods to establish regular trends and predict the future path of those trends. It utilizes data mining, machine learning, statistical algorithms, and predictive modeling to analyze and observe the current performance of a piece of equipment and predict future performance, including possible failure or malfunction. This is accomplished through the collection and analysis of historical data combined with current, real time data. This data is pulled from multiple sources to provide more accurate readings.

How it is Used?

While predictive analytics can be used in almost any industry and business, here at RoviTracker, we place more of an emphasis on tracking and maintaining heavy equipment. Through the use of predictive analytics, users are able to monitor the fuel level, engine run time, and battery voltage of their equipment. They will be able to know if their equipment is working properly or if there are any issues that may cause the equipment to fail in the near future. Rather than reacting to problems when they occur, the user is able to detect when problems may happen and take steps to prevent those problems from growing into malfunction or failure. It can also be used to determine when regular maintenance should take place.

It is far easier and more cost effective to service heavy equipment before it fails or malfunctions. Through the use of predictive analytics, problems can be detected early, often before they even happen. The user is able to take a more proactive approach to ensure everything is still working properly. It is significantly more cost effective to perform minor maintenance compared to equipment replacement.

RoviTracker provides predictive analytic service to monitor equipment in real time.