6 Thing Automakers Should Consider To Strengthen Their Position In The Market
Say ‘Hi’ to the new-gen of IoT
IoT is quite famous for driving modern in-vehicle infotainment systems. Remember Jared Dunn’s streak with self-driving cars in Silicon Valley? Or how Black Mirror showed us the other side of IoT? These shows are just mirages of how IoT can impact our life. There is a lot more coming on the way through IoT, especially in the automotive industry (And we are not ignoring Jared Dunn over here). With IoT, you can connect infotainment systems with different in-vehicle systems. You can also connect your external devices with the internet. With infotainment systems, you can easily get more info on telematics and navigation.
How much impact would IoT leave in the Automotive industry?
There is a prediction that by 2020, there would be an increase in digitalization and technological advancements by $82 billion. Meeting customer demands is the foremost goal of the automotive industry. To create a digitally enthralling experience, it is of foremost importance to choose IoT.
Which companies are using IoT for their Automotive services?
Already many companies like Audi are involving IoT in their virtual showrooms section. With Virtual reality, your consumers can get a hawk-eye view of what is happening in their area. With more consumer-driven expectations, you can research and buy the best products when you buy and sell cars and parts on different websites.
Assisted driving to your aid
Apart from self-driving, there is another concept called assisted driving. This is another face of autonomous driving. With that, you can reduce the costs you spend on unnecessary equipment. With virtual reality, you can handle your GPS, cameras, sensors and different algorithms that involve IoT. This way, IoT would decrease the number of accidents. Being a driver, safety is the foremost factor. With assisted driving, your security would be 5x. This is what makes IoT solutions the most important need in driving.
Predictive maintenance to its full power
Your predictive maintenance tasks are going to get smoother with IoT by your side. Does your vehicle need any service? Do you need to replace a part of your vehicle? With more self-diagnostic systems, you can alert your drivers at any time of the day. This would reduce any mechanical failures or turmoil. This would save drivers from accidents and car owners from spending more. This is one of the main reasons why predictive maintenance is the current trend. Your automotive would have more sound features compared to any others.
Simplified Supply chain
Your manufacturers are going to experience the digital transformation to its fullest. When you are digitizing the connected supply chain, you can drive down the cost, engage your customers more efficiently and leverage data to its maximum. You can detect and minimize defect rates in automotive in a rather faster manner.
You can improve your manufacturing process through better supply chain management. With more options on our floor, we can completely personalize the experience of your customer and thus customize it completely. By communicating through social media and websites, you can talk to your customers, connect with them on an urgent basis and offer guidance.
Mobility-as-a-Service
With the onset of Mobility-as-a-Service (MaaS), there has been a continuous improvement in public and private ride-sharing facilities. Your data is in safe hands with IoT, unlike the common myths. The Automotive industry is in every way the second most data-driven industry in this world. With intelligent vehicles, you can collect different data about your drivers, routes, destinations and traffic patterns. With the smart car, it is simple to predict the behaviour pattern and preference of your users.
What should Automakers do to sharpen their market position?
Automotive businesses are engaging with IoT in real-time. These are the 6 things your automakers should be capable of doing to hold a permanent place in the market:
- Align yourself on a proper vision on what role your business would play
- Make affirmative terms with new capabilities required to be built internally or else acquired externally
- Get a proper insight on how data originates
- Create a perfect roadmap to shift to a more service-based approach
- Learn new methods to build better partnerships with new players all over the ecosystem
- Discover new ways to handle ordeals in manufacturing or lifecycle
How is Pattem Digital changing the course of IoT?
At Pattem Digital, we always look forward to building products that would outshine your competitors. You are going to delve deeper into more industry-oriented IoT solutions. This is going to set apart the way businesses have been operating, bringing in a lot of positive makeovers in the processes.
If you are using or planning to IoT for your day-to-day solutions, we are those best buddies to consult. Our friendly folks would sit with you, understand what you require and in return assist you thoroughly. We have years of experience working on IoT related products and services.
We offer a 360-degree turnaround from documentation to maintenance. If you feel that we are the right choice, let us know. We shall discuss more after a game of Foosball!
