6 Ways the Internet of Things is Transforming the Automotive Industry
At its core, the Internet of Things (IoT) encompasses a connected system that collects and shares data. It is a transformative technology that affects almost all industries. From operations managers to business analysts, if you are interested to learn how IoT impacts organizations, consider taking a course in Internet of Things: Business Implications and Opportunities.
In this article, our focus will be on the effects of IoT in the automotive industry. From the business to the consumer side, this technology brings a wealth of benefits, including those we’ll be talking about below.
- Improve Production Efficiency
Several bottlenecks confront car manufacturers, resulting in production inefficiency. Using IoT is one of the most promising solutions to this problem. By having an interconnected system, it is easier to predict demand, manage the supply chain, ensure quality, make workers more productive, and promote safety in the manufacturing facility, among other things.
- Introduce Driverless Cars
Gone are the days when driverless cars were mere fantasies. Because of IoT, it is now a reality! From high-powered cameras to radar lasers, IoT fuels autonomous driving. Through a powerful program, cars can communicate with other cars to prevent collisions and make the road a safer place for everyone.
- Predict Repair and Maintenance
There are two approaches to car maintenance. The first is preventive. If you notice that the engine is not working properly, you should head to a service station for inspection. Meanwhile, the second is predictive. This is where IoT enters the picture. There is an on-board system that monitors all important parameters using computers and sensors to predict the job necessary to keep the car in its peak condition.
- Implement a Vehicle Tracking System
Embracing IoT is one thing that comes in handy for commercial fleet operations. By enabling a vehicle tracking system, IoT will help with driver authorization, trip scheduling, vehicle load monitoring, and security alerts, among other things. It will also have economic benefits as it optimizes the distribution of vehicles.
- Enhance In-Vehicle Infotainment
Google and Apple are two of the pioneers in embracing IoT for delivering improved in-vehicle infotainment. Through Wireless Local Area Networks (WLANs), drivers and passengers can wirelessly connect to the internet for both information and entertainment. Whether it is listening to your favorite songs or knowing the latest traffic information, IoT changes in-vehicle infotainment.
- Promote Road Safety
According to the World Health Organization, over 1.35 million people die annually as a result of road traffic accidents. To help address this growing problem, IoT is a likely solution. From communication technologies to wireless sensor networks, IoT provides the necessary tools to promote safer driving experiences.
From improving production efficiency to promoting road safety, IoT affects the automotive industry in more ways than one. By utilizing a connected system, IoT opens a whole new world of possibilities for car manufacturers, drivers, passengers, and even pedestrians!