The internet of things (IoT) is transforming the automotive industry, replacing carbon-emitting machines with smooth electronic devices on wheels. This IoT revolution is leading manufacturers to implement new business models to keep up with the competition and demand. Automobile manufacturers are collaborating with software firms to develop autonomous cars and release them into the market.
In the technology-driven world, the driving experience offered by autonomous vehicles is taking precedence over its physical appearance and brand identity. Manufacturers are developing new applications and services to deliver personalized driving choices to the consumer. With autonomous vehicles, the software will play the defining role in meeting the needs of a customer. Gone are the days when the consumer chose a car based on the build of its engine. Customers look for comfort and ease of operation, not to mention a smooth and noiseless ride. A few will bother to look under the hood when the car offers personalized profiles allowing consumers to set their desired driving modes, power delivery, cutting-edge security settings, and unlimited entertainment services with just a few clicks.
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The in-built systems are designed to exchange vast data over the internet. The manufacturers utilize the vehicle data to understand their customer base and develop applications that offer a more comprehensive range of services. Data analytics can generate maintenance prompts and carry out remote diagnostics over the internet. Manufacturers can leverage IoT to develop real-time updates for the vehicle systems and transfer them remotely to the vehicle. It will help in saving time and cost as the upgrades are done over the internet, eliminating the need for workshop tune-ups.
The rapid development of autonomous cars demands a robust IT platform with intelligent device management to aid manufacturers in remotely tracking millions of vehicle systems. A cloud-based data management and analytics suite will allow the car makers to manage the immense data collected from vehicles. Car manufacturers will have to collaborate with online security firms and design comprehensive firewalls to protect vehicle systems from cyberattacks.
The development of connected cars will potentially give rise to driverless car services as consumers veer toward autonomous vehicles. It will likely lead to the redefinition of vehicle ownership, opening new opportunities for vehicle sharing. The convergence of automotive and software technologies will open new doors, further accelerating the evolution of connected cars.