Penske Truck Leasing unveiled Catalyst AI, an artificial intelligence (AI) platform that delivers real-time insight into fleet performance.
“Catalyst AI was born from our vision to harness the power of AI to meet the needs of today’s fleet managers,” says Ann Walsh, SVP of digital and customer data at Penske. “By integrating over 57 billion data points with AI, our patent-pending algorithm and industry expertise enables fleet managers to better optimize their operations using leading-edge technology.”
Key takeaways:
- The Catalyst AI platform compares a fleet’s performance to similar fleets across Penske’s live database of hundreds of thousands of vehicles in real-time. This platform enables leaders to benchmark their fleets using apples-to-apples comparisons, unlock fuel efficiency opportunities, optimize utilization, and business performance using targeted insights.
- At the heart of Catalyst AI lies its patent-pending algorithm that identifies the most similar fleets by evaluating key dimensions of fleet operations and composition. This process creates a unique "fleet DNA," enabling highly customized operational KPI benchmarks tailored to each fleet's specific performance needs.
“With innovation at our core, Penske is committed to developing solutions that drive efficiency and performance for our customers. Catalyst AI addresses the critical need for comparative, real-time insights in fleet management,” says Sherry Sanger, EVP of strategy and marketing for Penske. “This cutting-edge technology enables businesses to unlock new efficiencies, reduce costs, and ultimately, sets a new standard for fleet performance.”
