One of the key benefits of the IoT in vehicles is to capture telematics data that is being generated off of the vehicle that is connected to the cloud. This may include data collected by onboard sensors such as car navigation, the accelerator position, the throttle position, or even the seat locations of passengers. The managed data can be collected and used to drive enhancements to the fleet’s engine control, braking, and visual systems to improve vehicle efficiency or performance. It can be used to offer trouble-free service including extended warranties, predictive maintenance, and other asset management tools.
Autonomous vehicle development will accelerate, thanks in large part to the increased investment by the automotive industry in new technologies, convergence of the hardware and software layers, and advances in AI. Trust is the biggest hurdle, with both OEM’s and consumers being weary of the potential for autonomous vehicles to fail or be distracted, resulting in crashes, endangering human lives.
Recent data from AAA shows that 58 percent of U.S. drivers believe it is either “very likely” or “somewhat likely” that autonomous technology will occur within the next decade. Developing better ways to manage autonomous vehicles will require new capabilities and services that proactively address safety, reliability, and customer experience. IoT offers the potential to create new business models for data-driven services around this as well as vehicle-to-vehicle and vehicle-to-infrastructure communication. d2c66b5586