
88% of Field Service Companies Using AI and New Solutions See Uptime Boost
OAKVILLE, ON, June 11, 2025 /CNW/ - Geotab Inc. ("Geotab"), a global leader in connected vehicle solutions, has released its first 2025 State of Field Service Report, revealing that field service companies are starting to use artificial intelligence (AI) and are already seeing measurable improvements in operational performance, including increased uptime and higher first-time fix rates.
The data shows strong early returns:
93% reported that they have "partially" implemented AI in operations, indicating a formal and growing approach to AI adoption.
88% reported that AI and new technologies are improving asset uptime, reducing service costs and increasing customer experience overall.
75% said AI and technology enhanced first-time fix rates, boosting efficiency.
62% expect AI to transform inventory management within the next year.
"Many field service managers are so focused on meeting daily demands that adopting new technology can feel daunting. But AI does not have to be complicated to make a difference," said Bob Bradley, Vice President, Data Science and AI Engineering, Geotab. "Simple applications, like automatically dispatching the nearest technician, flagging issues before equipment fails, or keeping customers informed in near real time, delivers immediate value. Start with these manageable steps. Once you see the results, expanding AI's role across the operation becomes a natural and rewarding next move."
Field service fleets play a critical role in modern infrastructure, supporting everything from utility repair and telecommunications to HVAC and emergency response. When these fleets experience delays, downtime or inefficiencies, the impact is felt across businesses, homes and public services. Every day, field service fleet managers are under pressure to keep technicians productive, reduce idle time, ensure parts are available, and limit unplanned downtime. These operational hurdles are compounded by rising customer expectations and the need to deliver faster, safer and more sustainable service. AI is emerging as a practical tool to navigate these challenges and improve performance.
"Field service leaders are facing growing demands every day, from keeping technicians productive and reducing downtime to meeting rising customer expectations," said Maureen Azzato, Portfolio Director of Field Service, Geotab. "My suggestion to service leaders is to focus AI on the areas that creates immediate impact, like dispatch efficiency, predictive maintenance or ensuring the right parts are on hand. Those quick wins not only ease daily pressures but also build momentum for broader transformation."
Guided by its commitment to delivering practical AI solutions at scale, Geotab helps fleets of all types transform data into decisions. With access to one of the world's largest connected vehicle datasets and a comprehensive suite of AI-powered tools — including predictive maintenance and safety, intelligent dispatching, and near real-time performance insights — Geotab empowers businesses to improve uptime, streamline operations and deliver greater value to their customers every day.
Learn more about Geotab's AI-powered fleet solutions and download the full report.
About Geotab
Geotab is a global leader in connected vehicle and asset solutions, empowering fleet efficiency and management. We leverage advanced data analytics and AI to transform fleet performance, safety, and sustainability, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve over 55,000 global customers, processing 80 billion data points daily from more than 4.7 million vehicle subscriptions. Geotab is trusted by Fortune 500 organizations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal Government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorizations. Our open platform, ecosystem of outstanding partners, and Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we're celebrating 25 years of innovation. Learn more at www.geotab.com and follow us on LinkedIn or visit Geotab News and Views.
SOURCE Geotab Inc.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
an hour ago
- Cision Canada
Parkland Corporation Announces Execution of Supplemental Indentures for Senior Notes in Connection with the Consent Solicitations
CALGARY, AB, June 20, 2025 /CNW/ - Parkland Corporation (TSX: PKI) ("Parkland") today announced that in connection with the successful completion of its previously announced consent solicitations, Parkland, the applicable Guarantors and the applicable trustees have executed supplemental indentures (the "Supplemental Indentures") to amend the indentures (the "Indentures") governing the notes listed below (the "Notes"). The consent solicitations were made in connection with Parkland's definitive agreement whereby Sunoco LP ("Sunoco") will acquire the issued and outstanding common shares of Parkland (the "Transaction"), which was previously announced on May 5, 2025. The Supplemental Indentures amended the Indentures by (collectively, the "COC Amendments"): (a) eliminating Parkland's potential obligation under such Indenture to make a "Change of Control Offer" (as defined in such Indenture) as a result of the Transaction; and (b) amending the defined term "Change of Control" in such Indenture to provide that Sunoco and its affiliates will be "Qualified Owners" of Parkland. The Supplemental Indentures became effective upon their execution and are binding on all Holders, as defined in that certain consent solicitation statement issued on May 27, 2025 (the "Consent Solicitation Statement"), including those who did not deliver a consent at or prior to the Expiration Date, as defined in the Consent Solicitation Statement. The COC Amendments will cease to become operative if the Transaction is not consummated or if the applicable consent fees are not paid to the applicable depositary or tabulation agent. This press release is for informational purposes only and does not amend the consent solicitations, which have expired and were made solely on the terms and subject to the conditions set forth in the consent solicitation statement. Further, this press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities. Please refer to the earlier press releases dated May 27, 2025 and June 10, 2025, in connection with the consent solicitations for more information. Forward-Looking Statements Certain statements contained herein constitute forward-looking information and statements (collectively, "forward-looking statements"). When used in this news release, the words "believes", "expects", "expected", "will", "plan", "intends", "target", "would", "seek", "could", "projects", "projected", "anticipates", "estimates", "continues" and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, the Transaction. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include statements regarding the consummation of the Transaction. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties. For more information, please see the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form dated March 5, 2025, and under the headings "Forward-Looking Information" and "Risk Factors" included in the Q1 2025 Management's Discussion and Analysis dated May 5, 2025, each as filed on SEDAR+ and available on Parkland's website at The forward-looking statements contained herein are expressly qualified by this cautionary statement. About Parkland Corporation Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in 26 countries across the Americas. Our retail network meets the fuel and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, we have developed supply, distribution and trading capabilities to accelerate growth and business performance.


Globe and Mail
an hour ago
- Globe and Mail
Credit Risk Assessment Market Global Rising Demand & Huge Scope Till 2032
Market Size and Overview Market Size and Overview- The Global Credit Risk Assessment Market size is estimated to be valued at USD 9.52 Bn in 2025 (market size) and is expected to reach USD 23.97 Bn by 2032 (market forecast), exhibiting a compound annual growth rate (CAGR) of 14.1% from 2025 to 2032. This forecast underscores strong adoption across banking, insurance and corporate finance sectors, supported by evolving market dynamics and rising demand for predictive credit scoring. Industry Overview The credit evaluation domain is witnessing accelerated digitization as financial institutions and fintechs deploy advanced analytics and AI-driven models for real-time decision-making. Robust risk governance frameworks and regulatory mandates are driving demand for end-to-end credit risk assessment platforms. Our proprietary market research and market insights reveal a dynamic landscape where legacy systems are being replaced by cloud-native architectures, setting the stage for significant business growth. Request Sample Pages: Key Takeaways Region • North America: Early adopters of AI-powered scoring engines, driven by stringent regulatory environments. • Latin America: Growth fueled by microfinance expansions in Brazil and Mexico. • Europe: GDPR-compliant risk solutions prompting upgrades in Western Europe. • Asia Pacific: Rapid digitization in India and Southeast Asia accelerating demand. • Middle East: Infrastructure financing units in UAE and Saudi Arabia integrating advanced analytics. • Africa: Emerging markets leveraging mobile-driven credit models for unbanked populations. Segment Covers • Component: – Solutions (Credit Scoring, Portfolio Management, Fraud Detection): Example use case—real-time score recalibration in major lenders. – Services (Consulting, Integration, Support): Example use case—end-to-end deployment with 24/7 support for regional banks. • Deployment: – Cloud: Scalable scoring platforms launched by global fintechs. – On-Premise: Mission-critical systems preferred by tier-1 banks for data sovereignty. • End-User Industry: – Banking & Finance: 45% of deals in 2024 for retail and corporate credit risk. – Telecom & Retail: Use cases include postpaid billing risk and supplier credit profiling. Growth Factors • Rising Non-Performing Loans (NPLs): NPL ratios climbed to 4.8% in global banking portfolios in 2024, spurring demand for automated risk monitoring (market drivers). • AI/ML Integration: Adoption of machine learning algorithms grew 28% year-on-year in 2024, enhancing predictive accuracy (industry size). • Regulatory Pressure: Basel III and IFRS 9 compliance programs accounted for 35% of new license revenues (Credit Risk Assessment Market revenue). Market Trends • Real-Time Risk Monitoring: Over 60% of new deployments in 2025 offer continuous score updates (Credit Risk Assessment Market share). • Open Banking APIs: Data sharing initiatives led to a 22% rise in third-party risk data utilization (market trends). • Explainable AI: Transparency requirements driving investment in model interpretability frameworks, with 18% more R&D projects in 2024 (industry trends). Actionable Insights Supply-Side Indicators • New Solution Releases: Grew from 150 in 2024 to 210 in 2025, boosting overall production capacity by 40%. • Average License Pricing: Increased by 8% in 2024 as vendors bundled AI modules (market scope). • Export Penetration: APAC exports accounted for 30% of total software shipments in 2024. Demand-Side Indicators • Imports: Financial institutions in Latin America imported 45% of their risk platforms in 2024. • Use Cases Across Industries: BFSI accounted for 50% of new subscriptions, telecom 15%, retail 10%. • Nano-Indicators: Average daily risk checks per client rose from 2.1 million to 3.4 million in 2024 (market dynamics). Key Players • Experian • Equifax • TransUnion • FICO • Moody's Analytics • Oracle • IBM • SAP • SAS Institute • Fiserv • Pegasystems • Genpact • ACL • Kroll • PRMIA • Riskonnect • RiskSpotter • Riskdata • BRASS • Misys Competitive Strategies • Experian's 2024 acquisition of an AI-analytics startup drove a 15% uptick in Credit Risk Assessment Market report revenues. • FICO launched a cloud-native scoring service in Q3 2024, boosting its market share by 5% in North America. • Oracle partnered with leading regional banks in Asia Pacific for embedded risk modules, resulting in a 20% increase in subscription renewals. Buy this Complete Business Research Report: FAQs 1. Who are the dominant players in the Credit Risk Assessment Market? Dominant players include Experian, Equifax, FICO, Moody's Analytics and Oracle, each leading with unique AI-driven scoring and compliance solutions. 2. What will be the size of the Credit Risk Assessment Market in the coming years? The Credit Risk Assessment Market size is projected to grow from USD 9.52 Bn in 2025 to USD 23.97 Bn by 2032 at a CAGR of 14.1%. 3. Which end-user industry has the largest growth opportunity? Banking & Finance leads with over 45% of new deployments in 2024, but telecom and retail segments are expanding at 12–15% annually. 4. How will market development trends evolve over the next five years? Expect real-time risk monitoring, explainable AI, and open banking integrations to dominate, driving faster implementation cycles and modular pricing models. 5. What is the nature of the competitive landscape and challenges in the Credit Risk Assessment Market? Competition centers on AI accuracy, regulatory compliance and cloud versus on-premise offerings; challenges include data privacy and model interpretability. 6. What go-to-market strategies are commonly adopted in the Credit Risk Assessment Market? Partnerships with regional banks, cloud bundling with ERP suites, acquisition of analytics startups, and outcome-based pricing models are widely used growth strategies. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.


CTV News
2 hours ago
- CTV News
Moose Jaw unveils vision for AI-powered future with launch of new project
WATCH: The City of Moose Jaw unveiled a vision for an AI-powered future this week, with the launch of the Valley View Project.