“Alexa, start my car” is a phrase that we will soon be saying. These days, the connected vehicle is more than just knowing my radio presets or connecting to my phone. The connected vehicle can be transformed to an assistant on wheels, such that it will be able to read your text messages, find directions to the nearest Italian restaurant, and be able to set the thermostat in your house and turn the lights on for you when you get home. Enabling all these interactions from the vehicle requires a strong telematics system to execute. Telematics, in a nutshell, is a set of technologies that are providing the automotive industry the tools, methodologies, and systems to transform driving into an engaging and interactive connected vehicle experience.
The greatest thing about telematics may well be the number of services it can enable. Telematics allows OEMs to deliver a higher level of service to the consumer, and auto manufacturers are clamoring to win customers over with new capabilities, applications, and utilities. OEMs are now able to enhance user experience, analyze driving performance, and bring deep insights into driver preferences and behaviors. All this is enabled by telematics and the transmission of data from the IoT to the cloud – gotta love the cloud!
According to a McKinsey Sustainability and Resource Productivity report from 2016, “By 2030, up to US$750M will be generated in new, high-margin revenues from connected vehicle services, and US$1.4B in shared mobility services.”
So, my vehicle is now a big network of sensors and control units that constantly monitor, collect, and transmit a wide range of metrics and send them to the appropriate interested party. There are several participants in the connected vehicle ecosystem. The automotive OEMs, driver, suppliers, insurance carriers, dealer service centers, and the list goes on. To unlock the true potential of the connected vehicle, you would need to begin with a strong enablement platform that would encompass components, business process and stakeholder exchanges all baked into the final solution.
That’s where OpenText™ shines. Our most complete IoT Platform enables OEMs to realize true potential of connected vehicle telematics solutions safely and securely. At its core, the platform is made up of a collection of capabilities that manage ecosystems of people, systems and things. In other words, the Platform establishes a strong foundation for OEMs to optimize connected vehicle innovations. In this foundation are the components essential for a comprehensive data platform: identity & access management, messaging & orchestration and IoT services. Covisint enables OEMs to focus on the critical areas of enabling the connected vehicle, like designing services that satisfy business objectives and cars that can satisfy customer expectations. The OpenText™ IoT Platform can unlock the telematics potential of the connected vehicle.
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