Fleet Complete & Pitstop have developed an advanced AI-powered platform for commercial fleet predictive maintenance. The collaboration began in 2020 and was made possible through an “investment of $3.016 million, with $2.016 million from project partners, and $1million from OVIN’s (Ontario Vehicle Innovation Network) R&D Partnership fund, with the goal to benefit the automotive supply chain in Canada and globally,” the company’s press release stated.
Fleet Complete is a global provider of telematic technology and Pitstop is a Toronto-based predictive analytics platform for automotive assets. The collaboration successfully demonstrated predictive analytics of parts and components including brakes, tires and engines, alerting potential breakdowns before they happen. “This capability is expected to increase vehicle uptime by up to 25%, with savings potential of up to $2,000 per vehicle per year,” the companies said in a recent press release.
“New transportation technologies have the potential to make the delivery of essential goods that millions of Ontarians rely on more efficient and affordable. Our government is proud to support Fleet Complete and Pitstop as they work together to explore and implement AI technology for commercial fleets,” Caroline Mulroney, Ontario Minister of Transportation, said.
The benefits of AI-driven vehicle prognostics and maintenance for commercial fleets include higher fleet safety standards, improved emissions, access to preemptive data, and reduced unscheduled vehicle downtime as well as the business costs associated with that downtime.
On February 15, 2022 the new AI platform will be showcased at a live demonstration at the Globe and Mail’s ‘Future of Automotive’ event in Toronto.
