The entire automotive industry is transforming. Automated driving, electric vehicles, omnipresent IoT devices, sensor data, and automotive software development are rebuilding transportation, impacting fleet management at every level. For vehicle manufacturers, shared mobility companies, rentals, public utility vehicles, and logistics companies, investment in IoT systems, software development, and smart devices. But it leads to unlocking new business models, cost savings, and improved customer experience.
What are Software-Defined Vehicles
SDV is a vehicle designed and developed with automotive software in mind. Its competitive advantage is not defined by performance or design but by in-vehicle software, applications supporting the driving experience, and the capability to connect with the whole digital world, including other IoT devices, IoT infrastructure, vehicles, and smart buildings.
SDV changes everything in automotive and requires software development skills. Along with building in-house expertise, automotive enterprises work with consulting and tech companies like Grape Up. External consultants ensure proficiency in determining the right technology and experience in building automotive software products. At the same time, consultants transfer knowledge to the customers’ teams.
How automotive companies collect data and where they use them
Automotive enterprises can provide many innovative solutions along with making better business decisions. Using telematics tools, IoT sensors, software components, and connected services, big companies and automotive startups gather and share data about the route, parking, breakdowns, and driving behavior. This way, they can use IoT data to improve internal business processes, supply chains, and operational technology.
Internet of things and telematics data enable car manufacturers and automotive enterprises to maintain vehicles effectively. With the successful development of this technology, electrical and electronics engineers get insights about upcoming failures and things to fix. It also works with all the parts of the vehicles. By monitoring car data, enterprises can reduce time and cost, improve customer experience, provide well-informed decision-making and improve supply chain management.
Stolen vehicle recovery
With every connected device and IoT system, enterprises are better equipped to recover stolen or missed vehicles. IoT technology allows us to forget cars and learnandoutes and driver behavior by collecting data and finding patterns using machine learning. Once strange behaviors occur, sensors detect them, and the systems can alert fleet managers to ask for human intervention.
IoT device management enables rental enterprises to improve customer experience. The process can be done through a mobile app, from booking to opening the car. The new rental process is simple and enables a paperless workflow. It meets the growing demand for contactless expertise and allows for reducing costs and delays. Touchless rental allowed vehicle rentals to develop services on-demand, and it’s visible in many cities.
Enterprise IoT applications increase efficiency.
Once automotive enterprises connect devices, critical infrastructure, IoT-based systems, and different technologies, their teams can use artificial intelligence and big data insights to improve processes, better manage energy consumption, unlock new revenue streams, and save money by fixing recurring issues.
The Internet of things is changing the way enterprises manage fleet
Automotive enterprises leverage information technology and smart objects to improve their services and internal processes. With every IoT platform and numerous embedded devices, the automotive industry gains data and insights allowing them to develop.