Connected cars

Smart car, smart business model Connected, driverless vehicles are set to overhaul not just the automotive industry, but software, finance and telecommunications too. KPMG’s Alec McCullie tells us how. On 6 April, six convoys comprising more than a dozen trucks arrived in Rotterdam after driving across Europe. The remarkable thing? In each convoy, only one of the trucks had a driver in control on the motorway. The rest were driving themselves. Connected and autonomous cars are on a fast track to becoming the norm. In February, the... [Lire la suite]

Embraced as one of the most significant technological breakthroughs in recent years, V2V is expected to improve the safety of our roads by allowing cars to communicate details like speed and GPS position to one another to help drivers avoid accidents. In December of 2016, the U.S. Department of Transportation (DoT) proposed a new regulation that would require new vehicles to be equipped with vehicle-to-vehicle, or V2V, communications.V2V is crash-mitigation technology that relies on the transmission of high volumes of data between... [Lire la suite]

The New Paradigm of Connected Insurance Connected insurance represents a new paradigm for the insurance business. This new insurance approach is based on the use of sensors for collecting and transmitting data on the status of an insured risk and the deployment of big data capabilities that transform raw information into actionable knowledge along the insurance value chain. The insurance sector, which is considered to be fairly traditional and resistant to change, is currently being overtaken by this transformative paradigm.... [Lire la suite]

Shared mobility: Global market for shared vehicles and mobility offerings to grow as much as 35 percent a year through 2020 Usage is replacing ownership – This change in consumer habits is set to transform the private transportation of the future. The world of shared mobility, where vehicles are shared and mobility offerings used jointly, will see rising revenues and growing customer numbers in the period through 2020. The Roland Berger experts anticipate annual growth rates of up to 35 percent in the new business fields around car,... [Lire la suite]

Can Amazon Dominate in Car Insurance, Too? In January 2013, LIMRA reported that 90% of industry executives it had surveyed believe that insurance companies will continue to form strategic alliances with “non-traditional organizations” to expand distribution. The example cited was MetLife’s trial alliance with 200 Wal-Mart stores. Then Accenture’s “Customer-Driven Innovation Survey” found that more than two-thirds of customers would consider purchasing home, auto and life insurance from businesses other than insurers—23% were open... [Lire la suite]

WHAT CHINESE DRIVERS WANT FROM THE CONNECTED CAR The connected car will be a reality within a few years, as enhanced safety, economy and entertainment become standard features of most new vehicles. So how do the Chinese feel about the car of the future? In this extensive global project carried out at the end of 2014, we interviewed 5,800 consumers in six key markets – China, Brazil, Germany, Russia the UK and the US – to find out what the future really looks like for consumers, automotive manufacturers and the wider supply chain. We... [Lire la suite]

Disruptive trends that will transform the auto industry Technology-driven trends will revolutionize how industry players respond to changing consumer behavior, develop partnerships, and drive transformational change. Today’s economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. Digitization, increasing automation, and new business models have revolutionized other industries, and... [Lire la suite]

Detecting hypovigilance, fatigue, and distraction with the NEXYAD real time driving risk assessment SafetyNex SafetyNex estimates driving risk in real time. The approach is to estimate if the driving behaviour (speed and acceleration) are appropriate or inappropriate to the infrastructure difficulty : on a disused airport, high speed and aggressive behaviour is not dangerous, although it is in front on a school, or approaching a narrow curve, etc ... read more :... [Lire la suite]

IoT Insurance: Trends in Home, Life & Auto Insurance Industries IoT in Auto Insurance Many auto insurance companies are starting to use the IoT, largely through connected cars, to track drivers' habits in real time. This practice has become known as usage-based insurance (UBI) and has surged in popularity in the last two years. According to a 2015 Nielsen survey, 20% of U.S. households took part in a UBI plan, up from 13% in 2014. BI Intelligence expects 35% of insured U.S. drivers to test one of these policies in 2021. By... [Lire la suite]

Cisco Connected Fleet According to ABI Research, global fleet management revenues will grow from $9.08 billion in 2013 to $27.61 billion in 2018. In the U.S. alone, more than 12 million fleet vehicles hit the road every day. These fleets keep our global economy running by delivering the products that enterprises and consumers rely on daily. When an enterprise's vehicle fleet is not managed effectively, it not only increases expenses for that business, but also impacts pollution levels, the condition of roads, and the prices we pay... [Lire la suite]