The internet of things has revolutionized the world and have set up an innovative approach to living.
How do you feel when you see a self-operating car? IoT has changed the car driving scenarios by letting you find a parking space in a few seconds with notification, telling you less congested route to take in, a suitable place for parking, and a lot more. It is an amazing thing to let you have full access to information on just a tap.
What is it all about?
The coming future will define the new dimension of the automotive industry with more research in the field. It will bring greater opportunities and explore more possibilities to catch up public transportation too.
The research shows that how quickly the trend for connected car is growing. Now, more and more automobile giants are entering into the field for investing to profit from the significant business opportunity that IoT brings. It is expected that artificial intelligence will hit 381 million connected cars by 2020.
IoT is not just about driverless cars! It also provides a robust system for monitoring, spare parts management, security, and accidents. Overall, it is an extended hand to get better driving experience with or without drivers.
Opportunities in the field of Services
Automobile businesses are looking to reap the fruit from the growing demand for vehicle-centric
IoT services, such as digital door locks, central lock, and OEM part number lookup. It presents an ideal need and unfolds how these solutions are helping to ease the automotive industry. These services will truly connect the car making life simpler.
Getting the status and condition of the connected cars is easily visualized. Further accessing information through mobile phone apps, vehicle parts identification , receive scheduled maintenance, assign garage to facilitate smooth, efficient service is possible by these services.
Reasons that make IoT connected cars popular
1. It provides a great connected system
2. You will have real-time monitoring based on GPS
3. It will offer predictive maintenance which will further give advance spare parts management system
4. You will have access to better security & surveillance
5. You’ll get dashboard reporting
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6. It has data analytic
7. It will give more cognitive insights for management
The connected cars will soon work with mobile hotspots for passengers. It will give information via
M2M SIM card on a shared basis. These solutions are expanding as the demand for these services is increasing.
What is the future?
Now, what will the future IoT market bring in the car connectivity? It is predicted by tech giants and enterprises that all new cars will be equipped with eCall technology from April 2018. It will facilitate automatic location sending signals to emergency services. Sources reveal that eCall will lower the response time by 50% in rural areas, and 60% in urban and suburban areas. So, look hopefully for the brighter side of this technology in the automobile industry.
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