ABAX Service Description

ABAX Total Cost of Ownership (TCO) Analytics 

ABAX TCO Analytics is a fleet analysis service developed to identify potential improvements and cost savings related to your fleets total cost of ownership (TCO). With the use of modern AI technology ABAX can help your company with cost savings and improved efficiency.

How far, and how you drive, can have a direct impact on your insurance premium, leasing premium and running cost related to service and maintenance. ABAX want to help you improve and save cost. We are now partnering up with high quality partners to analyse your data using AI and find the right synergies to enhance your fleet. Based on trends and driving patterns we are seeing in your fleet we can use our analysed telematics data to give you advice on how to improve

We will not share any data with any other 3rd party quoting partners other than described unless we are instructed to do so. If we are instructed to transfer data to a third party, we will only transfer the score (not raw data), unless we are expressly instructed to share additional data. 

Purpose of processing

The purpose of processing is to continuously identify improvements, to promote cost savings and to provide customized offers from relevant third parties. 

Driving distance and driving pattern will be analyzed to calculate risk for your fleet.

Driving distance and driving pattern will be analyzed to calculate depreciation for your fleet.

Driving distance and driving pattern will be analyzed to estimate tire wearage, service and maintenance needs.

Duration of processing

The processing of data will only last as long as the customer has ABAX TCO Analytics enabled. If the customer disables the service, the processing stops.

Type of processing

Data on your fleet will be transferred to our sub-processor Greater Than AB and analyzed using AI technology to identify potential improvements and cost savings. 

The analysis will result into a score between 1 (extremely good) and 15 (much room for improvement) which will be displayed in our user interface. Based on your score, we may display to you an offer from one or more of our partners in insurance, leasing and / or aftermarket.

The insurance partner may use the analysed data to offer a usage-based insurance (UBI) that regulates part of your premium based on use. The leasing partner may use the analysed data to offer a usage-based leasing (UBL) that regulates part of your leasing cost based on use. The after-marked partner may use the analysed data to offer a usage-based servicing agreement (UBS) that regulates your servicing costs based on use.

Types of personal data to be processed

Based on trends and driving patterns we are seeing in your fleet we are able to use our analyzed telematics data to give specialized offers in services such as insurance, leasing and vehicle maintenance. 

The following data must be processed to deliver ABAX TCO Analytics;

Data provided by hardware or created from hardware data to perform the analysis:

  • Vehicle data such as VIN number, registration number
  • Location data correlated to your current subscription (such as GPS, trip details, latitude, longitude, altitude and heading)
  • User data correlated to your current subscription (such as ID and name)
  • Equipment and tool data correlated to your current subscription (such as GPS, service hours and usage log)

Data transferred to third party quoting partners to calculate their offers:

  • Vehicle data such as VIN number, registration number
  • The customer’s business registration number 
  • Average risk score of the customer’s fleet 
  • The annual average driving length of the customer’s fleet
  • Contact information, such as name, e-mail, and mobile number
     

Categories of data subjects

Customer and Customers employees (admins and users)

Sub processors

By enabling ABAX TCO Analytics, sub processors used are listed on ABAX webpage: https://www.abax.com/uk/terms-and-conditions#sdp

ABAX Terms and conditions landing page is to be found here: https://www.abax.com/uk/terms-and-conditions