Most of us take for granted the seamless delivery of essential foods, medical supplies, and everyday products that are contingent on a reliable transport network, and without fleet transport, our ability to access essential goods and services would be greatly diminished. Even so, the traditional fleet management approaches haven't adapted to the digital age. Most are outdated and cater to a one-size-fits-all model that leads to high operational costs, reduced productivity, increased downtime, environmental damages, and even compliance issues.
Fortunately, Nemodata is revolutionizing fleet maintenance and operations by harnessing the power of predictive AI insights. Recognized for its innovation, Nemodata was selected as one of MOVE America 2024's top startups, showcasing the industry's most disruptive solutions in the mobility ecosystem.
Nemodata's platform eliminates the rigid schedules and generalized maintenance approaches that don't take each vehicle's miles, driving conditions, and unique stresses into account. Instead, Nemodata's Smart Precision Maintenance Plans help fleet managers balance maintenance and operational needs by understanding each vehicle's 'true' mileage and 'true' health.
With more than $200 million lost operationally each day due to vehicle health, causing yearly revenue losses of $150 billion, Nemodata taps into a huge market opportunity in fleet health and maintenance operations. Their solution offers fleet operators a compelling alternative to the traditional systems, a move towards smarter, more efficient AI-driven preventive maintenance. Instead of relying on their rigid maintenance schedules that operate on a one-size-fits-all model, Nemodata uses real-time sensors that provide data and telematics to analyze each vehicle's health. "Unlike others, we do not aim to detect failures before they happen. We aim to prevent them from happening," asserts Tom Shachar, co-founder and CTO of Nemodata.
CEO Asher Dagan adds, "Nemodata's solution ensures that maintenance is done at an optimal time. Road conditions, weather, and vehicle loads all vary, and this one-size-fits-all approach can result in unnecessary maintenance or, worse, unexpected breakdowns that disrupt operations." With Nemodata's insights, fleet networks can vastly increase their uptime, minimize their environmental impact, improve their road safety, and cut down significantly on operational costs.
"The inefficiency of traditional and current fleet operations not only impacts financial performance but also exacerbates environmental problems, such as increased black carbon emissions, which are 1,500 times more harmful than CO2,contribute to global warming and approximately 4 million premature deaths annually."
It was that ability to potentially minimize negative impact and ultimately save lives that inspired Shachar to use his background in AI and complex system modeling to help build Nemodata. "In my previous startup, we developed a technique for early detection of neurodegenerative diseases. When I met with the CTO of a large bus fleet, he shared his goal to determine when air filters should be changed to minimize fuel consumption. I saw a broader opportunity to reduce environmental and health hazards, and ultimately, save lives."
Nemodata's solution isn't the only predictive maintenance solution out there, but it is clearly the most disruptive and unique. Shachar explains, "One of the main problems with predictive maintenance is the high rate of false alarms. When a system is designed to alert fleets to impending failures, it often triggers maintenance actions too early. Those premature actions not only waste time but disrupt operations as fleets pull vehicles off the road unnecessarily."
Nemodata, on the other hand, eliminates this issue by focusing not on predicting failure but on optimizing the maintenance window. Shachar elaborates, "If you're always trying to predict failure early, the result is false alarms and unnecessary downtime. But by adjusting preventive maintenance breakdowns altogether, we save time. We are adjusting the preventive maintenance to the right timing. And based on that, we have proof that we are able to save and to reduce the number of unexpected breakdowns that will happen during the lifecycle of a vehicle. And by that, we are increasing the uptime and saving money. So it's a completely different solution from all the other predictive maintenance solutions that exist."
The platform's strength lies in its ability to harness telematics systems and sensor data, allowing fleets to monitor their vehicles continuously and adjust maintenance schedules accordingly. By taking into account real-world conditions—such as weather, road stress, and vehicle load—Nemodata enables fleet managers to make informed decisions. This data-driven approach not only reduces the risk of breakdowns but also extends the lifespan of fleet components, leading to long-term cost savings.
Its strength also lies in Nemodata's dynamic leadership team. Shachar's diverse experiences also include developing algorithmic infrastructure as Founder and CTO in various startups and conducting advanced research in algorithmic design and complex systems at Tel Aviv University. While Dagan is a mechanical engineer with a proven track record as co-founder and CEO of Qualtero, a leading SaaS product used by NASA and Boeing, and equally impressive, COO Amy Wyron Robinson has scaled multiple businesses, including leading and scaling Gett B2B into a $100 million in ARR business unit.
While many fleet networks continue to struggle to find solutions to correct their inefficiencies, Nemodata has an effective and scalable solution. "For many years, maintenance operations didn't change a lot," Shachar notes, "but like with humans, each vehicle needs precise and specific health plans." Nemodata's approach to creating that plan and mitigating product risk, particularly in fleet maintenance, is a giant leap towards progress for the industry. Giving operators the ability to focus on precise, data-driven maintenance scheduling, Nemodata helps them reduce the risk of unexpected breakdowns, minimizes environmental harm, improves the financial health of fleets, and, ultimately, helps save lives.
With Nemodata, you can revolutionize your fleet maintenance and operations with the power of AI and get actionable insights for greater efficiency and growth.
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