Telematics has become so much more than just a monitoring process for young drivers. This sector is developing rapidly, changing the way insurance claims are processed and managed. Industry leaders, Insure Telematics Solutions (ITS), are using a combination of black box technology and artificial intelligence (AI) / machine learning(ML) algorithms
Global revenue from automotive telematics systems will grow at a compound annual growth rate (CAGR) of nearly 17% to more than $6.7 billion by the end of 2023, according to new research from business information provider IHS Markit.
We take it for granted amid the growing Internet of Things that enterprises deploying IoT solutions are taking a transformational step in their business as they connect hitherto isolated devices. Companies are giving ‘voice’ to dumb assets, says Jeremy Cowan, like street lights, parking spaces, water pumps, and transport vehicles.
On the back of this development in connectivity for vehicles will come other business opportunities which will add to the demand for traffic on this network.
Everyone is talking about autonomous vehicles but to make it work the automotive industry needs to create a connected car ecosystem for over-the-air (OTA) software and data updates. A 2015 IHS Market report says OTA will save car makers worldwide more than US$35 billion by 2022 but, parking the financial incentive for a moment, OTA also enables critical vehicle-centric data to be sent and [...]
Berg Insight, the M2M/IoT market research provider, released new findings about the effect of autonomous cars on auto insurance. Several major trends are currently impacting the motor insurance market, which has resulted in higher competitiveness and new stakeholders on the market.
Comms365, a solutions provider, specialising in bespoke data connectivity network services, announced the availability of IoT as a Service PoC kits that offer instant, scalable IoT capabilities to enterprises of all sizes.
BlackBerry Limited announced that Yanfeng Visteon, a global Tier 1 automotive supplier, has selected the company’s safety-certified QNX Platform for Instrument Clusters 1.0 software for a digital instrument cluster project with a major Chinese OEM. Terms of the deal are confidential.
Milton Keynes, UK. October 2, 2017 – IMS Evolve, specialists in Internet of Things (IoT), big data and machine management solutions, has appointed Arne Weber to the position of chief financial officer (CFO). His brief is to strengthen the company’s finance department, and support its rapid international expansion and business development.
London, UK & Melville, NY, USA. October 2, 2017 — InterDigital, Inc. (NASDAQ: IDCC) today announced the launch of its Smart City-focused Chordant™ business. The Chordant platform is designed to tackle the key business and data challenges in today’s smart city deployments.