Construction and mining manufacturer Caterpillar will use telematics provided by Accenture to offer connected equipment services for its customers.
Caterpillar is stepping into the Internet of Things market, installing Accenture telematics into equipment it manufactures for the construction industry, as well as diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
The Accenture Connected Vehicle Business Service provides on board connectivity services, telematics and data integration.
Caterpillar and its customers will be able to use telematics, opening new revenue streams from improving their processes, programme management and easy integration with third-party providers. Caterpillar and Accenture have been technology partners for over 25 years.
“We are proud to be working with Caterpillar to develop substantial new capabilities that will help the company achieve its vision,” said Brian May, managing director at Accenture and global client account lead for Caterpillar.
Construction supplier Travis Perkins said its new vehicle telematics system from Masternaut has helped it cut costs and significantly increased safety across the business, reducing accident figures over a five-year period.
In-built telematics are entering the consumer market. BMW announced the world’s first factory-fitted telematics to offer drivers insurance premiums based on their usage last week.