FleetRisk Advisors

Trucking operators prevent more accidents through stronger and faster risk prediction models

Published on 26-Sep-2013

"Our new solution has enabled us to push the boundaries of predictive risk analysis, which has translated into real value for our trucking operator customers that rely on it." - Patrick Ritto, chief technology officer

Customer:
FleetRisk Advisors

Industry:
Travel & Transportation

Deployment country:
United States

Solution:
BA - Business Analytics, BA - Predictive Analytics, BA - Risk Analytics, Big Data, Big Data & Analytics, Big Data & Analytics: Operations/Fraud/Threats, Business Performance Transformation, Enabling Business Flexibility, Energy Efficiency, Enterprise Modernization

Overview

Founded in 2004, FleetRisk Advisors is a consulting company that provides risk management advisory services to trucking and logistics organizations and commercial fleets to improve their operational efficiency.

Business need:
To meet customers’ demands, FleetRisk Advisors needed to extract even deeper predictive insights regarding truck driver safety from an ever-growing range of measured parameters and get it done faster so that customers would have the time to take truly preventive action.

Solution:
For each of the company’s customers’ truck drivers, a powerful new predictive modeling solution translates some 4,500 data elements, from a diverse and ever-growing range of sources, into quantitative risk ratings related to the likelihood of on-the-job accidents, giving operators the cue they need to intervene proactively to prevent such accidents and to save lives.

Benefits:
On average, the services provided by FleetRisk Advisors have helped customers reduce the incidence of minor accidents by 20 percent and serious accidents by as much as 80 percent.

Case Study

Founded in 2004, FleetRisk Advisors is a consulting company that provides risk management advisory services to trucking and logistics organizations and commercial fleets to improve their operational efficiency. Based in Alpharetta, Georgia, and a unit of the Qualcomm Group since 2011, the company works with some of the largest commercial vehicle operators in the United States.

The Opportunity
To meet customers’ demands, FleetRisk Advisors needed to extract even deeper predictive insights regarding truck driver safety from an ever-growing range of measured parameters and get it done faster so that customers would have the time to take truly preventive action.

What Makes It Smarter
For each of the company’s customers’ truck drivers, a powerful new predictive modeling solution translates some 4,500 data elements, from a diverse and ever-growing range of sources, into quantitative risk ratings related to the likelihood of on-the-job accidents, giving operators the cue they need to intervene proactively to prevent such accidents and to save lives.

Real Business Results
On average, the services provided by FleetRisk Advisors have helped customers reduce the incidence of minor accidents by 20 percent and serious accidents by as much as 80 percent. Customers have also seen an increase in driver retention of roughly 30 percent in an industry in which roughly 100 percent turnover is normal. FleetRisk Advisors cut the time required to bring new customers on board in half, making it economically viable for the company to incorporate proofs of concept into its sales cycle. Faster processing of predictive algorithms reduced the time required to deliver results to customers by 80 percent.

For More Information
Please contact your IBM representative or IBM Business Partner. Visit us at ibm.com/spss.

To learn more about FleetRisk Advisors, visit http://www.fleetriskadvisors.com/.

Products and services used

IBM products and services that were used in this case study.

Software:
SPSS Modeler Desktop, SPSS Collaboration and Deployment Services, SPSS Modeler, SPSS Modeler Server, PureData System for Analytics (powered by Netezza technology)

Legal Information

© Copyright IBM Corporation 2013 IBM Corporation Software Group Route 100 Somers, NY 10589 Produced in the United States of America September 2013 IBM, the IBM logo, ibm.com, PureData, Netezza and SPSS are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. A current list of IBM trademarks is available on the Web at “Copyright and trademark information” at www.ibm.com/legal/copytrade.shtml This document is current as of the initial date of publication and may be changed by IBM at any time. Not all offerings are available in every country in which IBM operates. The performance data discussed herein is presented as derived under specific operating conditions. Actual results may vary. THE INFORMATION IN THIS DOCUMENT IS PROVIDED “AS IS” WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED, INCLUDING WITHOUT ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND ANY WARRANTY OR CONDITION OF NON-INFRINGEMENT. IBM products are warranted according to the terms and conditions of the agreements under which they are provided.