Every year vehicle manufacturers pay $6.9B in recall costs and $50B in warranty claims costs. In addition, commercial fleets pay $150B for fleet maintenance and $1.8T in vehicle downtime costs. This negatively impacts both profitability and end customer costs.
SafeRide’s vehicle health management (VHM) solutions use artificial intelligence and deep learning to help automakers and fleet owners predict vehicle health issues and prescribe the appropriate maintenance, estimate the remaining useful life of components, detect performance degradation, and determine the root cause of problems.
To learn more about the current state of the industry and SafeRide’s advanced VHM solutions, check out our new YouTube video here.