In 2019, Hertz Italia, thanks to Targa Telematics’ digital Fleet Management solutions, recorded a significant increase in the recovery rate of stolen fleet vehicles. In the first few months of 2020 this rate reached a 95%.
These results represent the effectiveness of the partnership signed in Italy between the leading American car rental operator and Targa Telematics, which has been providing Hertz with the technological platform for the management of its fleet for 5 years.
A Stolen Vehicle Recovery solution enhanced by the application of IoT developed on devices that make massive and specific use of machine learning based on big data analysis.
It should be noted that this partnership, signed in 2015, in addition to the value represented by the progressive increase in the recovery rate of stolen vehicles over the years, has allowed Hertz Italia to significantly optimise fleet management operations and insurance costs incurred, generating a return on investment (ROI) in 2019 of 70%.
“The Asset Management solutions, enabled by our digital mobility platform– observes Massimiliano Balbo di Vinadio, VP Sales Large Account of Targa Telematics-, have significantly mitigated the damage caused by the ever-present phenomenon of theft and have at the same time allowed Hertz Italia to take better care of individual vehicles and more control over the entire fleet. In these five years of fruitful collaboration with Hertz Italia, Targa Telematics has continuously developed the potential of the digital mobility platform, both at a technological level, through algorithms based on artificial intelligence that are increasingly efficient because they are correlated to a historical series of data, as well as with regard to process optimisation, allowing operational decisions to be supported in a precise and effective way and possible cases of theft to be identified in a timely and precise manner”.
Massimiliano Archiapatti, CEO and General Manager of Hertz Italia, added: “We are very satisfied with the results we are achieving thanks to the adoption of the Targa Telematics solution with which we have equipped cars and commercial vehicles. Hertz is a company very attentive to technological development and the digital solutions enhanced by IoT that Targa Telematics makes available to us allow us to efficiently manage the fleet, which is a strategic asset for our business.
We have built a solid relationship with Targa Telematics and we are pleased to be a veritable case study for them. I am convinced that the way we have set up the process, thanks to the collection and accurate analysis of data, for example that related to mileage or fuel consumption, provides us the opportunity to jointly define new standards in order to offer our Guests a service of an increasingly high level. Thanks to these digital tools, we are obtaining tangible results, also in terms of cost optimisation, with a significant return on investment”. ”.
The Asset Management module of Targa Telematics aims to preserve the value of vehicles, keeping it as high as possible over time, and includes dedicated tools for short and long term rental companies able to meet their specific needs. The service easily integrates with existing systems, provides information to support strategic and operational decisions and promotes the digitisation and improvement of internal processes. In this way, the customer can manage the main cost items more efficiently, reduce the risks related to theft or fraud and maximise fleet control and the related vehicle resale revenues.
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ABOUT TARGA TELEMATICS
Targa Telematics is an IT company with 20 years’ experience in connected vehicles.It provides technological solutions in telematics, smart mobility and digital IoT platforms for mobility operators. The company addresses short and long-term renters, large finance companies and large fleet with a range of services from insurance telematics to asset and fleet management, remote diagnostics and telemetry for cars, professional and construction-site vehicles, through to the management of airport service vehicles. In 2019 Targa Telematics reported sales of €45 million, 120 employees and more than 950 customers.
For more information: www.targatelematics.com.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 10,200 company-owned, licensee and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. The Hertz Corporation is one of the largest worldwide rental companies, and the Hertz brand is one of the most recognized in the world. Product and service initiatives such as Hertz Gold Plus Rewards, Ultimate Choice, Carfirmations, Mobile Wi-Fi and unique vehicles offered through its specialty collections set Hertz apart from the competition. Additionally, The Hertz Corporation owns the vehicle leasing and fleet management leader Donlen, operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets, and sells vehicles through Hertz Car Sales.
For more information about The Hertz Corporation, visit: www.hertz.com.