{"id":11523,"date":"2018-09-13T15:50:08","date_gmt":"2018-09-13T13:50:08","guid":{"rendered":"https:\/\/www.intellias.com\/?p=11523"},"modified":"2023-08-21T08:25:17","modified_gmt":"2023-08-21T06:25:17","slug":"how-can-the-automotive-industry-use-internet-of-things-iot-technology","status":"publish","type":"blog","link":"https:\/\/intellias.com\/how-can-the-automotive-industry-use-internet-of-things-iot-technology\/","title":{"rendered":"How Can the Automotive Industry Use Internet of Things (IoT) Technology?"},"content":{"rendered":"

Internet of Things (IoT)<\/a> devices are transforming our lives in a tremendous way. Today, users of IoT devices can evaluate engine performance, control air temperature, and measure physical health indicators with only a few clicks. Picture this: by 2020 there will be more than 20 billion IoT devices<\/a> in use. Automotive companies and related businesses can no longer afford to ignore the significance of IoT in automotive.<\/p>\n

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By 2020, there will be more than 20 billion IoT devices in operation.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/blockquote>\n\t\t<\/section>\n

Conventional perceptions of the automotive industry<\/a> are radically changing with IoT development. Predictive maintenance, Wi-Fi capabilities powered by 3G\/4G\/5G functionality, Car2Car connectivity, and advanced fleet management are only a few examples of how IoT-based solutions are shaping the new automotive age. If you\u2019re eager to find your place, take a thorough look at how IoT in automotive industry is changing the business.<\/p>\n

Complex IoT-based technologies deal with electronics, software, sensors, actuators, and connectivity devices. Sophisticated algorithms and the pace with which IoT and automotive technologies develop might scare you at first glance. But there\u2019s no need to worry. Being at the forefront of the industry\u2019s rapid transformations, Intellias experts know exactly what to expect from the extensive use of IoT in automotive industry \u2014 and how you can capitalize on the\u00a0connected car technologies<\/span><\/a>.<\/p>\n

\"How<\/p>\n

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Everything you need to know about IoT in automotive and not only<\/h2>\n

The term Internet of Things (IoT) refers to billions of physical devices connected to the internet. IoT devices can collect, share, and exchange data with other connected devices or databases. Wireless technology lies at the core of IoT-based digital intelligence, enabling all kinds of devices to communicate and operate without human involvement. In fact, almost any physical object can be considered an IoT device as soon as it\u2019s connected to the internet.<\/p>\n

IoT units installed base by category (millions of units)<\/strong><\/p>\n

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Source: Gartner<\/a><\/em><\/p>\n

As the cost of adding sensors and wireless connections to objects decreases, the number of IoT sensors for automotive devices grows. At first, the largest share of the world\u2019s IoT devices were applied in manufacturing to reduce human involvement and production costs. Today, consumer use of IoT devices substantially outpaces both cross-industry and vertical-specific use of IoT devices in business.<\/p>\n

Five IoT technologies that are changing the automotive industry<\/h2>\n

The automobile industry is one of the fastest-growing markets for IoT-based solutions. By 2020, more than 250 million cars are expected to be connected which highlights the\u00a0impacts of IoT in automotive industry. The number of installed connectivity units in vehicles is likely to increase by 67% over the next two years<\/a>, and consumer spending on in-vehicle connectivity is expected to double by the end of the decade. Drivers around the globe expect their vehicles to become smartphones on wheels, and IoT is already proving car connectivity to be the most promising futuristic technology.<\/p>\n

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The number of installed connectivity units in vehicles is likely to increase by 67% between 2018 and 2020.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<\/blockquote>\n\t\t<\/section>\n

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Prevent expensive repairs with predictive maintenance technology<\/h3>\n

\"How<\/p>\n

Predictive maintenance technology is based on the use of IoT connectivity tools that collect data on the performance of different parts, transfer that data to the cloud in real time, and evaluate the risks of potential malfunction of a car\u2019s hardware or software. After information is processed, a driver is notified and advised of any necessary service or repair to avoid potential incidents.<\/p>\n

Predictive maintenance can facilitate vehicle use by both private owners and dealerships with large fleets of vehicles. It enables end-users to get the right information in advance. With IoT connectivity tools, you can forget about unplanned stops or breakdowns during the ride.<\/p>\n

How it works with your battery<\/strong><\/p>\n

\"How<\/p>\n

Predictive maintenance technology is closely linked with machine learning algorithms. These algorithms are remarkably effective at monitoring things such as battery life. Here\u2019s how it works:<\/p>\n