Singapore fleet managers face data and safety hurdles
Companies are increasingly digitising their fleet management operations to enhance decision-making and operational efficiency.
Yet, a quarter of fleet managers in Singapore still face challenges when it comes to improving vehicle and driver safety. They also struggle to leverage the wealth of data from asset tracking technologies and achieve supply chain and fleet visibility.
Consequently, real-time tracking of shipments (80%) and fuel management (72%) emerged as the top requirements within a fleet management solution. Furthermore, asset tracking and driver routing applications were identified as key uses of mapping technology and location data, highlighting their importance in improving operational efficiency, estimated time of arrival (ETA) calculations and customer satisfaction.
The whitepaper by Here Technologies and Amazon Web Services also reveals that sustainability is increasingly becoming a central focus in operational decision-making. Companies are heavily relying on their fleets to meet sustainability targets and comply with growing regulations.
Eight per cent of fleet managers in Singapore plan to adopt electric vehicles (EVs) within three to four years, while 83% anticipate adoption within five to six years. While electrifying fleets is an obvious step, EV infrastructure challenges and cost concerns delay widespread adoption.
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“These findings underscore the critical challenges and exciting opportunities within Singapore’s transportation and logistics sector. Our mission is to provide fleet managers with reliable, data-driven insights that address these challenges and enhance both efficiency and sustainability,” says Abhijit Sengupta, senior director and head of Business for India and Southeast Asia at Here Technologies.
Organisations enhanced their cyber defence for cyber insurance
Businesses are improving their cyber defences to qualify for insurance coverage (76%), get better pricing (67%) and secure improved policy terms (30%), according to Sophos’s Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders study.
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The study also reveals that recovery costs from cyberattacks are outpacing insurance coverage. Only one per cent of those who made a claim said that their carrier funded 100% of the costs incurred while remediating the incident.
The most common reason for the policy not paying for the costs in full was because the total bill exceeded the policy limit. Recovery costs following a ransomware incident increased by 50% over the last year, reaching US$2.73 million ($3.7 million) on average, reports The State of Ransomware 2024 survey by Sophos.
“The fact that 76% of companies invested in cyber defences to qualify for cyber insurance shows that insurance is forcing organisations to implement some of these essential security measures. It’s making a difference, and it’s having a broader, more positive impact on companies overall,” comments Chester Wisniewski, director, Global Field CTO of Sophos.
He continues: “While cyber insurance is beneficial for companies, it is just one part of an effective risk mitigation strategy. Companies still need to work on hardening their defences. A cyberattack can have a profound impact on a company from both an operational and a reputational standpoint, and having cyber insurance doesn’t change that. As cyber insurance adoption continues, hopefully, companies’ security will continue to improve.”
IN PICTURE
Epson partnered with the Asean Fashion Designers Showcase (AFDS) to host the Asean International Fashion Week (AIFW) at the ArtScience Museum in Singapore last month.
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Photo: Epson
Featuring 11 designers from AFDS, the Epson Runway Show showcased the reality of sustainable fashion through Epson’s digital textile printing technology. Each designer’s unique pieces were brought to life using Epson’s dye-sublimation printers — namely the SureColor F6430, SureColor F9430H and SureColor F10030 — to demonstrate the printers’ potential for high-quality, sustainable fashion.
According to Epson, its dye-sublimation printers reduce water consumption in comparison to analogue printing methods. Its dye-sublimation inks are also certified with Oeko-Tex Eco Passport, a certification that it was tested for harmful substances.
DIGITAL LIFE
Photo: Play for Dream Technology
Play For Dream MR is a mixed reality (MR) headset which seeks to deliver spatial entertainment. It features industry-leading specifications, a powerful self-developed algorithm architecture, an integrated design aesthetic, and a wide range of control methods including eye, hand and voice tracking.
With the MR headset, gamers can enjoy ultra-realistic visuals, immersive surrounding sound, and haptic feedback from the controllers, recreating the thrill and excitement of gaming across multiple sensory dimensions. It can also be used to enhance office productivity as its seamless multi-screen capabilities enable multi-tasking.
