The Impact of IoT in the Automotive Industry

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Photo by Erik Mclean on Unsplash

The internet has evolved from connecting people to connecting devices, creating ecosystems which facilitate the coexistence of the digital and physical world. The internet of things (IoT) has transformed the connected technology. Also, IoT has opened new doors in the automotive industry, revolutionizing entire vehicle systems and their operations.

The connected car IoT is a product of the collaboration between automotive manufacturers, telecommunication service providers, and software companies. The connected car technology has facilitated instant network connections, enabling the vehicles to communicate with devices, sensors, vehicles, and the internet.

However, connected cars are emerging. With the rising demands for digital convenience, the numbers of connected vehicles on the road are likely to increase over the next few years. The implementation of infotainment will enable the connected vehicles to deliver relevant information, combined with entertainment. The in-vehicle infotainment (IVI) systems will empower the connected cars to manage audio/video entertainment content, deliver connectivity via smartphones, and provide navigation features.

The rise of cloud technologies has enabled video live streaming and internet radio. Also, several smartphone apps, such as Projected Mode, Car Play, and Mirror Link, offer integration with connected vehicle technology. The real-time driver monitor feature can ensure safe and efficient driving. The advanced sensor technologies aboard the connected vehicle can keep track of the driver behavior, their fatigue levels, and so on, which will enable the car to take necessary measures to prevent road accidents. The sophisticated governing systems can adjust the speed and acceleration of the vehicle according to the driver fatigue level.

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Photo by Pietro De Grandi on Unsplash

Connected vehicles can also help in the reduction of traffic jams. The smart parking feature, powered by microcontrollers, real-time data regarding the availability of parking spaces, sensors, and automated parking payment service, will allow connected cars to locate parking spots and facilitate seamless flow of traffic. The reduction in traffic jams can also help in the reduction of air pollution.

The emergence of connected cars will facilitate enhanced analytical processing of traffic data, allowing the drivers and the road safety authorities to gain quality insights into vehicle performance and traffic management strategies. It will empower them to undertake timely action and avoid unwanted mayhem on the road.

In Three Ways Blockchain is Benefiting the Automotive Industry:
With an annual growth of 4.8 percent, the automotive industry has the potential for unprecedented technological innovations. However, blockchain is a critical technology that is benefiting the automotive sector in numerous ways. Here are the three ways in which blockchain is driving the automotive industry:

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Supply Chain Tracking

Blockchain is best suited for data maintenance. Thus, the technology benefits of supply chain mechanisms by allowing product traceability throughout the supply chain entirety.

Supply chain processes are complex and involve acquiring resources from various places and supplying them to factories and then to the retailers. There are different steps involved in the process, thereby making it difficult to track the operations manually.

With the help of blockchain, it’s convenient to track the supply chain processes at each juncture. Blockchain also ensures that the supply chain complies with the local laws and regulations and that the products are sourced ethically.

For instance, smelters, miners, and consumer brands require a third-party audit for the compliance guidelines, but with blockchain, this dependence gets eliminated.

For a Reliable Trust Protocol

Groupe Renault declared its plans to develop a digital car maintenance book using blockchain technology. The idea is to provide an open architecture with information gathered from multiple parties such as insurers, manufacturers, repair shops, and others while ensuring their accessibility to the customer.
Source Link : https://www.autotechoutlook.com

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I am a technology blogger, who loves to read and write on the latest in technology.

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