Nombre del autor:WPLWAdmin

  If you own a vehicle, you know how traditional vehicle insurance works. However, this model has become obsolete. It has evolved thanks to technology, giving rise to Insurtech.

  Location World was featured as part of the latest edition of the magazine América Economía, where it was recognized as one of the leading companies in technological services oriented towards security.

  Technology is changing the user experience across industries, and insurance is no exception. Telematics is propelling the usage-based insurance (UBI) market. In fact, the UBI market is expected to grow at a compound annual growth rate of 36.4 percent between now and 2022. One survey found that currently there are 20 million active UBI policies in 58 countries. This technology is a win-win, providing drivers with decreased premiums and insurance companies with an accurate method of assessing risk.

Let’s start by answering this simple question: What is IoT (a.k.a. the Internet of Things)? It’s a term that refers to the link between a physical object and the people that can work with it, through the Internet. These objects or gadgets use smart sensors and software, as well as other types of technologies that generate a huge amount of data. This data can be useful in many ways for the person receiving it. The Internet of Things was first coined in 1999 by British scientist Kevin Ashton, who connected several identifying tags to the Internet, through the use of radio frequencies (RFID). These tags were used in supply chains to quantify and monitor products, without human intervention. Today, IoT goes further, thanks to its versatility and intelligence. Both industries and users want to be more connected and enjoy the benefits of the ever omnipresent IoT phenomenon which allows us to be 100% present, without actually being physically there, by receiving first-line data in real time through sensors, data that can be used to make better decisions. How does IoT work?

  On a day-to-day basis, businesses are increasingly basing their decisions on big data. And as a result of this development, advanced analytics provides an avenue that allows you to make informed decisions—thus helping your organization solve a range of problems before they materialize.

  Every driver has thought at some point that traffic problems are generated by other drivers. We tend to believe that we drive perfectly. But is this true? With CarSync Drive you can find out if you are a good driver.

  One of the fundamental aspects for any logistics company is to be able to optimize the processes thus saving time, costs resulting in a better service for the clients. How can logistics companies achieve this? Companies can achieve this through the synchronization of all participants and real-time communication thanks to platforms such as CarSync Fleet.

At Location World, we firmly believe in the importance of applying telematics to vehicles to increase the efficiency of operations and reduce costs. However, today we would like to talk about another benefit of connecting vehicles to the Internet, saving lives in traffic accidents. Connected cars are those capable of transmitting and receiving information through the Internet. This allows them to communicate with other vehicles, with the driver or with the fleet manager. This type of communication has multiple applications. For example, if a company has a fleet of 40 trucks, it can assign the routes to each vehicle in a way that optimizes each kilometer traveled or know the exact position of each unit in real time.

These are two words that are used more and more frequently. However, although most of us understand what it is, few of us are aware of its real potential. Find out why many are calling data “the new oil” and how Location World is harnessing its power to take the transportation industry in Latin America to a whole new level.

After the growth experienced by the logistics industry in Ecuador and Latin America, companies in the sector have seen the need to strategically refine their services, incorporating technology into their control and monitoring processes. This was recently demonstrated in the first Smart Logistics 2018. This event took place in the city of Quito and brought together more than 30 companies from all over the country, which offer logistics services or depend on good control of the area to improve the functioning of the services they offer.