The Vareli e-Journal

  We live in an era of a digital revolution. Digital innovations have profoundly transformed our daily lives; particularly one of the most serious implications has been experienced in the professional sphere. Businesses today have more data-driven technologies and techniques at their fingertips than ever before, allowing them to understand more about their customers and their needs. Today, we'll talk about Business Intelligence and why it's important to your business's success and stability. What is Business Intelligence? Before we dig into the importance, let’s first understand Business Intelligence and how it contributes to your business’s strategic objectives.  Business intelligence (BI)  refers to the technology, tools, techniques, and methods that are used to gather, evaluate, incorporate, and display relevant business data. The goal of Business Intelligence is to help and facilitate effective business choices. BI provides firms with access to data that is important ...

  What is Business Intelligence? Business intelligence (BI) is the procedural and technical framework that gathers, stores, and evaluates data generated by a firm's operations. It is a wide terminology that includes data mining, process analysis, performance benchmarking, and descriptive analytics. Moreover, it analyzes business data and generates comprehensive reports, performance evaluations, and patterns that help management make decisions. Business Intelligence Techniques Business intelligence solutions employ advanced and predictive analytics to assist firms in generating insights from data, discovering similarities, and forecasting future occurrences in business operations. Business intelligence reporting is not a one-time event; rather, it is a continual, complex process of data access, interpretation, and information exchange.  Modern Business Intelligence Functions Include: •    Data Preparation - Process of integrating and organizing data for evaluatio...

Trucks in India, on an average, have a fuel economy of 1-6 kilometres per litre of fuel. The dispersion in the data of fuel economy of Indian trucks is primarily due to a number of factors, including road conditions, vehicle maintenance, cargo, and driving conditions. Fuel expenditures account for 40-60% of the overall operating costs for enterprises and transporters. Therefore, fleet fuel economy is of paramount importance for business, as even a little optimization in fuel efficiency may lead to a significant impact on the operating costs, especially for large truck fleet operators. In addition to more profits, optimized fuel utilization allows more flexibility in providing customer satisfaction. Monitoring Fleet Fuel efficiency The total fuel economy of a fleet is much larger than the sum of individual fuel economy of vehicles. The mileage of a truck, bus, or SUV, for example, can differ significantly from that of a sedan. A pickup truck and a passenger automobile are very different...

In recent times, businesses that are utterly reliant on transportation are undergoing significant transformations. To enhance the productivity of the fleet and improve the life cycle of the most expensive assets, companies solicit for smart and efficient solutions. A   digitized fleet management system (FMS)   is the way forward. FMS not only tracks the fleet of the vehicles but also provides other cardinal information for the fleet managers to make effective decisions. Employing FMS, fleet managers can achieve their objectives from anywhere in the country, irrespective of the vehicle’s location. Benefits of FMS FMS encompasses procurement, maintenance, safety, budgeting, and monitoring of a collection of vehicles. A comprehensive FMS is capable of tracking every element of the fleet and alert them when any pro-active action is required.  Controlling a fleet brings colossal challenges, so streamlining the fleet management process through integrated and automated system ha...