How IoT and AI are helping keep truck drivers safe

A truck fleet accident costs an average of $16,500 in damages and $57,500 in injury-related costs for a total of $74,000. « This does not include a broad range of ‘hidden’ costs, including reduced vehicle value (typically anywhere from $500 to $2,000), higher insurance premium, legal fees, driver turnover (the average driver replacement cost = $8,200), lost employee time, lost vehicle-use time, administrative burden, reduced employee morale and bad publicity, » said Yoav Banin, chief product officer at Nauto, which provides artificial intelligence driver and fleet performance solutions.