Samsara Inc., pioneer of the Connected Operations Cloud, today released data that shows how it’s helping customers reduce costs within the first year of adoption. Headwinds like inflation and high fuel prices have led physical operations companies to prioritize cost savings. Samsara helps leaders navigate today’s challenges and its technology can act as a deflation enabler.
For this data report, Samsara evaluated hundreds of Logistics and Field Services customers with more than 793 million miles driven among them in the last year. Benefits this sample customer cohort realized within their first year of Samsara adoption include:
- 47% reduction in crashes: Workplace safety is a top priority for many customers and reducing incidents is a particular concern. Customers with both Samsara Vehicle Telematics and Video-Based Safety solutions saw an even more dramatic decrease of 63%. This is a significant and immediate cost saving as an average crash can cost between $16,500 and $74,000, and even higher if there is a fatality.
- 40% decrease in idling: Fuel is a key cost for any organization that operates vehicles or equipment and can represent on average 60% of the total operating budget. Using telematics data from Samsara, customers can easily identify and coach drivers on fuel-wasting driving practices like idling. Assuming a price of $5 per gallon of fuel, this 40% decrease is equivalent to roughly $2,500 per vehicle saved in a year.
- 20+% improvement in vehicle utilization: The average fleet wastes up to about 10% of its annual budget, often due to underutilized assets and lost productivity. Samsara’s 20+% improvement can be a direct translation to revenue per vehicle, in addition to any new savings found by selling underutilized assets. These savings can then be reinvested back into the business.
“Leaders are under pressure to make every dollar count, and only want to invest in technology when it’s a clear win,” said Alexander Stevenson, general manager at Samsara. “Our study points to Samsara as an essential ingredient for smarter operations. We can quickly provide insights that increase productivity, cut costs, and help leaders navigate today’s challenges.”
To read the complete analysis of this data and gain additional insights, click here.
About the Data
Samsara’s Connected Operations Cloud collects more than 4.6 trillion sensor data points annually from IoT devices across diverse industries around the world. By organizing and analyzing these large volumes of data at scale—while taking the necessary measures to ensure complete customer privacy—Samsara reveals insights that customers can apply to their own organizations.
