It is said that by 2020, more than 250 million cars will be connected to the internet. This presents an opportunity for carmakers to open up new areas where they could rake in more revenue. For example, car owners are used to purchasing automotive devices, such as in-car entertainment, dash cams, or diagnostic tools, separately. But car manufacturers instead add such features to new models.

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Jeff Lupient
How The Iot Affects The Automotive Industry
Vehicles now are becoming more connected and software-driven than ever. And with the continuous
progress of the Internet of Things (IoT), vehicles are seen to advance beyond having seamless links
with smartphones, navigation or tracking, real-time traffic information, and other current
technologies.
Image source: fpf.org (h ps://fpf.org/wp-content/uploads/2017/05/new-cars-photo-blue-700x450.jpg)
The following are some of the ways IoT can influence car manufacturers:
It can create additional revenue streams. It is said that by 2020, more than 250 million cars will be
connected to the internet. This presents an opportunity for carmakers to open up new areas where
they could rake in more revenue. For example, car owners are used to purchasing automotive
devices, such as in-car entertainment, dash cams, or diagnostic tools, separately. But car
manufacturers instead add such features to new models.
jefflupient in Jeff Lupient April 10, 2017June 12, 2017 282 Words

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Carmakers might transition into technological companies. Deloi e University Press mentioned
in a report (h ps://dupress.deloi e.com/dup-us-en/focus/internet-of-things/iot-in-automotive-
industry.html) on the future of car technology that, “Automakers fear that, should they lose
control of the customer to software providers, cars could become commodity devices secondary to
the software they run.” And IoT is fueling this trend. Thus, carmakers need to keep up by
developing and improving their own technological capabilities, which is what Tesla has already
started doing.
The arrival of commercial driverless cars is nearing. The necessary equipment needed for
autonomous cars, such as sensors, laser-based radars, onboard computers, communication
devices, and others, can be interconnected seamlessly because of IoT.
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content/uploads/sites/11/shu erstock_186282902-634x0-c-default.jpg)
Jeff Lupient (h ps://plus.google.com/u/0/113622284907709186968/posts) has skills and expertise in automotive
retail sales, having worked in the industry since he was only 15 years old. For more insights about the
automotive industry, follow this Facebook page (h ps://www.facebook.com/profile.php?id=100012760007255).

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Tagged:
automotive,
Internet of Things,
technology,
vehicles
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