The Future of IoT in the Automobile Industry The Internet of Things has led to a wave of connectivity that left no industry in the world untouched. We have already seen that IoT is making a substantial impact on healthcare, agriculture, retail and it has already started influencing the way we handle our automobiles, buy them and even drive. When devices get connected to each other through smartphones, our world will get smarter than ever. Car Deals will Go Online There have been real horror stories of car dealers becoming inefficient and customers going through emotional turmoil. There has been news on online car deals that save customers a lot of money (for example, Carvana and Beepi). If that is going to happen for sure, buyers and sellers can cut out the dealer and there will be no mediator. If there is no middleman, the customer can save more than $1000 in a single deal. People research online before they buy a car, now they can research and buy it online. This idea is getting a lot of popularity these days. Revolutionary Changes in Financing and Insurance Internet of Things is making changes in the auto insurance industry as well. Through internet of devices, insurance companies can monitor the habits of auto drivers, the speed at which drivers move on the roads, the time of driving, and so on. In fact through IoT, you can expect plenty of cautious drivers because if they know their insurance premiums are likely to be lowered when they drive carefully, they will remember to be careful. This type of incentivizing customers will reduce the potential threat to people and property. Apart from gauging the driving habits of the drivers, IoT analysis can predict the future (weather patterns, for instance) as well, thereby helping the customers to be better prepared on the road ahead. According to a report made by experts in the automotive industry, about $54 million will be delegated to connected vehicle technology and through this, vehicles will be connected to the internet in some way of the other. There is no way any car manufacturer can remain blind to the potential of Internet of Things, so you can expect this feature in almost every vehicle that will be released by 2020. Evolution of Driverless Cars The ultimate expression of a car that drives itself is being developed through IoT. Such a car would be 10% hardware and 90% software, and it would be connected to everything - connection is made from vehicle to vehicle, vehicle to cloud and vehicle to driver. Cars would be connected without the direct involvement of the driver, through the help of software that is still in the process of being perfected. Such a move would be a great thing for people who hate driving. Hence, vehicles are not just going to be all about driver comfort and super ergonomics, there would a new era where you can see driverless cars all around. Intelligent Vehicle-to-Infrastructure (V2I) Technology Vehicle-to-Infrastructure is already happening in a smaller scale, but this will evolve hugely. Vehicles will start communicating with drivers/vehicles through wireless local area network. This will alert the driver when he is on a collision path with another vehicle. He will begin to get notifications regarding vacant parking spots, traffic jams, and so on. Vehicle-to-Infrastructure is going to become ubiquitous. Look at Ford Mondeo for instance. It was launched with pre-collision technology, making the company pioneers in the technology. Pre-collision would also be accompanied by pedestrian detection technology with brake support, cross-traffic alerts, adaptive cruise control, and so on. The idea is to prepare the driver for the road ahead and do it in real time. Connected Cars will Turn into a Hub of Infotainment Information and entertainment are going to meet Internet of Things to create a totally different experience for the user. In the future, vehicles will come embedded with telematic solutions that would make driving a pleasure. The driver would have apps on the dashboard that would give him/her real-time trip reports, traffic reports, hand gesture sensors to help prevent accidents, speech to text functionality to prevent the woes of typing, latest gaming systems to provide in-car gaming and Wi-Fi hotspots. Conclusion At present, cars like Telsa, Nissan, Audi and Jaguar are “connected cars”. Other premium model vehicles and luxury cars are built with in-vehicle wireless connectivity. In the future, connected cars will not be a rarity because all the cars that you buy will be "connected" digitally. The increase in consumption for connected cars would pave the way for new opportunities for designers, app developers and web developers. Of course, the initial milestone will focus on car-to-mobile connection, but this will eventually spread to vehicle-to-vehicle and then vehicle-to-infrastructure connection. The wheels are spinning at a great speed and with it will transform the way we use our vehicles. This is just the beginning! Get on board the Internet of Things bandwagon! Let us create customized apps for your business. Contact Us Today! Free Whitepaper: Internet of Things

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