DiGi makes foray into IoT space

by NG MIN SHEN

DiGi Telecommunications Sdn Bhd, the mobile service operations arm of telco DiGi.Com Bhd, has officially ventured into the Internet of Things (IoT) space with its intelligent fleet management solution, iFleet.

The business-to-business (B2B) solution, targeted at commercial vehicles, is the first IoT solution from DiGi’s range of Connected Vehicles offerings.

“DiGi’s focus on the IoT market is a strategy undertaken to diversify revenue streams as we transform from a telecommunications provider into a digital company,” DiGi chief digital officer Praveen Rajan said at the official launch of iFleet in Shah Alam yesterday.

iFleet allows businesses to track their vehicles in real-time, with its target market being consumer goods companies and transport service providers.

As an all-in-one solution, it includes 24/7 vehicle recovery service for stolen vehicles, global positioning system hardware, multi-platform user optimised cloud software, lifetime warranty and support as well as nationwide connectivity provided by DiGi.

The fleet tracking solution, which is available to both DiGi and nonDiGi customers, was originally manufactured in Europe and tested in Malaysia.

iFleet retails at RM90 per vehicle per month, while existing DiGi Enterprise customers can acquire the solution at RM75/vehicle/month for a limited time.

Praveen said the next step in DiGi’s Connected Vehicles strategy will be a business-to-customer solution aimed at private vehicles and a business-to-business-to-business solution for insurers that utilises usage-based insurance.

He said both solutions will be introduced sometime during the second-half of this year.

The company’s IoT venture will see it either develop in-house solutions or more efficiently partner with ready technology platforms or experts to offer IoT solutions where opportunities lie.

Praveen said Connected Vehicles, the first of many verticals within the IoT space that DiGi will venture into, was selected as the mobile service operator’s focus as there is an immediate demand in the market for such services.

“Malaysia’s automotive industry landscape indicates that there is an opportunity to disrupt the status quo and create value from the growth within this sector.

“Commercial vehicles carrying goods are increasingly required to have real-time tracking system as per the Land Public Transport Commission’s safety guidelines, and the number of registered vehicles totalled over 27.6 million in 2016 of which an estimated 80% are private vehicles,” he said.

Total industry volume of vehicles in the country is expected to increase 1.7% to 590,000 units in 2017 from 580,124 units in 2016, as projected by the Malaysian Automotive Association.