OEMs are sitting at a critical moment in automotive history – they will either take part in the greatest transformation ever or get left behind. Adoption will look different for every organization, but all will need to address the major trends driven by consumer preferences, technology, data, and climate concerns. Overall, the most transformational trends […]
Posts Tagged ‘connected cars’
Connected Vehicles: The Future of Automotive is Here
Vehicles today remind me of smartphones on wheels. When you get down to it, they are computers capable of software upgrades, navigation, sensing, and even entertainment through subscriptions or mobile apps. Automotive manufacturers are realizing that many young consumers are preferring frictionless and fully digital customer journeys as opposed to multiple lengthy in-person visits to […]
Connected Cars Present Great Opportunity for Car Rental Companies
Similar to mobility, connected car technology (e.g., telematics) has been around for some time, but only recently has the car rental industry truly exploited the massive opportunity it presents. The Internet of Things (IoT) has allowed companies to leverage new technology that better manages their fleets of cars. It’s also helping businesses, such as those […]
IoT Shaking Up the Automotive Industry: 5 Real-World Examples
Futuristic cars portrayed in movies and TV shows years ago had some thinking our cars would fly instead of drive by 2017. Over the past few years, the evolution of connected cars has married consumer technology with our primary mode of transportation. And just on the horizon are cars that will be self-driving. Vehicles rolling […]
Getting the Show on the Road with Driverless and Connected Cars
Over the last several weeks, we discussed self-driving and connected cars in-depth. At the end of the day, as the automotive industry (everything from buying and selling vehicles to the driver experience) continues to evolve in today’s digital world, bumps along the way will be normal. Car manufacturers, companies focused on the development of autonomous […]
Designing Self-Driving Cars is Like the New Space Race
Designing self-driving cars is like the new space race. Finding the next big startup in autonomous and connected cars is the goal of many established companies and investors. It’s no surprise that companies like Apple, Google, and Uber want to dominate the space. It’s also evident that traditional car manufacturers fear outsiders such as IT […]
A Global View of Autonomous and Connected Cars
While much of the talk about driverless and connected cars is taking place in the U.S., the trend is global. Countries in Europe, like Germany, have made it a top priority. Countries in Southeast Asia and nations like China are also quickly designing a regulatory environment that can support the growth of such initiatives. However, […]
New Paths to Vehicle Ownership
One of the most fascinating effects of driverless and connected car technology is its financial impact on the customer-facing side of the automotive industry. According to Chris Ballinger, senior vice president and chief financial officer of Toyota Financial Services, approximately 87% of Americans who buy a new car finance it. In the U.S., 30-50% of […]
Negative Implications of Self-Driving and Connected Cars
While the benefits of driverless and connected cars are obvious, there are plenty of negative implications as well, many of which we can’t even predict. However, cybersecurity and data privacy are the most obvious issues. The technology that enables cars to function on their own, perform better, and enhance our driving experience comes with a […]
The Driving Force Behind Autonomous and Connected Vehicles
The benefits of driverless cars are limitless. According to the United Nations, each year 1.25 million people die in auto accidents globally (40,200 in the U.S. alone), and as many as 50 million are injured. More than 90% of accidents are due to human error or distraction. Forty percent of fatalities are related to drunk […]
The Inside Track: Connected Cars
Daniela Rus also believes that the cars of the future will be able to do a lot more than just self-drive; they’ll be able to understand how you’re feeling by listening to your voice, or route you to the nearest store when you run out of milk. Peggy Johnson, executive vice president of business development […]
The Inside Track: Autonomous Cars
When we think of driverless (or autonomous) cars, we often picture a futuristic time in which someone is relaxing in the passenger seat while the vehicle safely navigates its way to the desired destination. Believe it or not, certain aspects of that kind of technology already exist. Toyota Safety Sense, Active Cruise Control from BMW, […]