The Internet of Things empowers digital transformations in tremendous ways and has already established a significant impact on different sectors, including retail, healthcare, construction, agriculture, and tech companies. IoT plays a phenomenal role in the automobile industry as well, in that it paves the way to a more sophisticated platform with impeccable inbuilt features.

IoT in Various Areas of the Automobile Industry

Volkswagen, one of the pioneers in the automobile industry, stated, “Vehicles now rely on electronics and software. By 2020, 50% of a vehicle’s value will come from software.”BMW is the forerunner in successfully implementing connected cars,

Several areas of the automotive industry already reap the benefits of this powerful technology. Here are some examples of IoT applications that are creating a viral buzz among giant industries.

Connected Vehicles

Business intelligence analytical tools have predicted that connected cars may yield a whopping revenue of around 3.1 trillion dollars by 2020. Automobile giants like Daimler and GE have already jumped on the bandwagon of hands-on experience with these wireless vehicles. Whether stranded in the middle of a snowy highway or running out of gas in the late hours of the night, one can be rest assured that these connected vehicles will provide several life-saving features. While operating connected vehicles, one can drive with more confidence, making informed decisions with real-time facts of driving conditions and vehicle safety.

Driverless Cars

Automobile techies like General Motors believe that driverless cars will ultimately yield to very big business in the near future. GM plans to release their version of an autonomous car next year, while another company in the automobile industry, AUDI, in collaboration with Nvidia, is planning its launch by 2020. AUDI and Nvidia are working on a ‘Level4’ capability which develops a non-human supervised car model. The prototype of this highly automated car is based on AUDI’s Q7 car model, and it may be noted that Nvidia introduced the first automated car, DrivePX, prior to Xavier.

V2X Integration Function

V2X technology is a cumulative term used to represent both Vehicle to Vehicle (V2V) and Vehicle Infrastructure Integration (VII) systems that allow communication between cars by way of various sensors that are built in through wearables, portable devices, and centralized devices. An effective communicative channel is established between vehicles, and thus they rely on each other. The Vehicle to Vehicle communication system uses a dedicated short-range communication system (DSRC), through which various data, including location, direction, and speed, are exchanged effectively.

These V2X technologies provide distinctive safety application features, including:

  • A warning to drivers about upcoming road congestion, accidents, or any kind of protests
  • Assistance while merging onto highway roads
  • Speed management
  • Railroad crossing safety precautions
  • Prioritizing emergency vehicles

Fleet Management

Everyone has run out of gas in the middle of a long highway or bumped into reserve mode at one point in time. Fleet management facilitates easy tracking of one’s petrol level, collecting in-vehicle and in-cloud data, vehicle sensors, and vehicle location. IoT encourages a complete data collection of an end to end fleet management system.

Vehicle Telematics

Through vehicle telematics, black box assistance for road transportation has become a reality, wherein crash-resistant duplex black boxes facilitate navigation, security, safety, and streamlined communications like never before. Vehicle telematics provides a technology which has great potential to harness the automobile industry in the near future.

Predictive Maintenance and Safety

The internal parts of vehicle maintenance, such as engine safety, data transmitters, hardware, and other control units, are taken care of by integrating powerful software development kits (SDKs)into the vehicle successfully. This ensures to give personalized safety precautions, like automatic scheduling of periodic vehicle maintenance, seat belt usage warnings, monitoring of vehicle health, anti-sleepiness alert systems, and in-lane position controls. With these technologies, you can be rest assured that you will be safe throughout your time behind the wheel.

Bottom Line

In today’s fast-paced world, mere technology is insufficient; we need smarter technologieswith the perfect mixture of Artificial Intelligenceand IoT, an inevitability for Generation Z. IoT tactfully blends with top-notch technologies, such as vehicle telematics, predictive analysis, driverless cars, and connected cars seamlessly, with more innovative creations expected to come in the future. Get ready for a digital transformation that not only makes our lives easier but also benefits large enterprises in leading the way to great expectations. IoT is undoubtedly a trendsetter in the automobile industry.