IoT and the connected car are laying the foundation for a dramatic shift in the automotive sector.
In the Indian market, Tech Mahindra's Mahindra REVA came up with a concept for a new kind of 'connected' car which lets owners and service teams remotely access various essential features and functions of their vehicle.
- Drivers can access various features of their vehicle remotely using a smartphone app or a dedicated webpage.
- Owners can check the battery status, control air-conditioning, lock or unlock doors, find the nearest charging station and more.
- The vehicle provides SMS alerts for an unlocked door, missing out on using parking brake, etc.
- Mahindra REVA service teams use the IoT platform to monitor a vehicle's condition and proactively warn drivers when their vehicle is likely to face issues.
This is just one of the ways connected cars are changing businesses.
Today, 82% of automotive leaders believe that most cars will be connected by 2020.
Vodafone Business Services has identified three key trends that are ushering in this change, with the support of research data and experience working with many of the world's biggest vehicle manufacturers.
Services, businesses, and more are driving adoption of the connected car - Services that are most compelling for consumers, commercial fleet operators and OEMs are pushing for the connected car. From avoiding recalls to cutting fleet running costs, opportunities are everywhere.
Self-driving vehicles are closer than we might think - Commercial transportation has already been disrupted to an extent. Development of autonomous vehicles will now steer a new age of closer partnerships between car makers and technology companies.
This won't be only about technology, but about business models too - Beginning from a "car as a service" offerings, the potential for innovation is vast. The innovations will not be only from automakers themselves, but through collaboration across industries like retailers, insurers and smart city providers to bring new user-centric services to life and transform data into business value.
Find out more about what the future of transport will mean to your business in "Connected, Automated, Shared." Download the report