Impact of the IoT Technology on the Automotive Industry

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It’s not exactly news flash that the IoT technology is revolutionizing our lives. It became so ubiquitous that sometimes we take for granted the incredible impact it has on every aspect of our lives. Today, IoT is wearable, portable, and implantable, creating an ecosystem where everything is connected, and it’s rapidly making changes in our lives and businesses at various levels.

The number of connected IoT devices keeps growing at an astronomical rate – it’s estimated that by 2020, there will be 50B IoT devices up and running. The automotive industry and related businesses can no longer afford to overlook the significance of IoT for automotive development.

Technological advancements in the field of Artificial Intelligence, Machine Learning, and IoT will play an important role in the future of the automotive industry as the demand for autonomous vehicles is rapidly increasing. Conventional perceptions of the automotive industry are paving the path for IoT development.

Recent innovations and tech solutions will have far-reaching implications for automotive businesses. IoT innovator Micron Technology and the world leader in 3G and next-generation mobile technologies, Qualcomm, have recently joined forces and started working on advanced automotive connectivity solution that leverages the 5G network for autonomous driving. The integration of 5G will allow better monitoring and faster remote control of autonomous cars.

Enhanced Wi-Fi connection, predictive maintenance, and Car2Car connectivity are only a few examples of how the automotive IoT applications are impacting the auto industry. The possibilities seem endless, and the future even more exciting. Here’s a glimpse of how the IoT is transforming the automotive industry.

Improved Access

With fully integrated IoT solutions, every component of your vehicle will be connected to the internet, providing you with better control and remote access over your vehicle. Windows, ignition, trunk, light – everything can be controlled via your smartphone while you’re elsewhere.

It’s common wisdom that in the thick of winter, you need to start up your engine and let it warm up before hitting the road. Well, you could be doing that with a tap on the phone while you’re having a cup of coffee and going over news headlines.

The BMW has put this functionality into practice with their BMW Remote App which allows the users to unlock or lock their vehicle remotely, find where it’s parked, sound the horn, alter the auxiliary heating/cooling system, or flash the lights.

We all know lost or stolen car keys can be an absolute nightmare. NFC door locks enable a door to unlock whenever the user’s smartphone approaches and put your mind at rest.

TapKey has put this concept to display, creating a mobile app that grants you vehicle access by turning the smartphone into a car key.

Smart car alarms can alert you in case your vehicle is being broken into, and in case your car gets stolen, the app will help you trace it through the GPS device.

Improved safety on the road

While IoT provides many possibilities for the auto industry, the most important is safety. If there is one thing that even the biggest IoT sceptics can’t dispute, it’s the fact that the IoT solutions could drastically improve the safety of passengers and pedestrians on the road.

With more and more funds being invested in smart cities, IoT-powered vehicles are becoming much better adapted to help drivers in traveling safely. Your vehicles can communicate with IoT sensors that are installed on roads and identify when drivers are about to veer off the road as the result of fatigue or distraction. Autonomous vehicles can even take matters into their own hands and take control over the steering of a car if the driver doesn’t react on time.

Smart sensors could also give you some real-time insights about the road conditions, and assist in choosing a safer route and avoid dangerous areas before heading out.

Solved traffic congestion in cities

Getting in traffic during a jam is frustrating and it makes you feel helpless. IoT can not only help you avoid congestion and plan in advance but also reduce fuel consumption and save precious time.

IoT sensors in roadways could assist the drivers in avoiding crowded areas and help better plan their trip. Also, it can assist in distributing congestions and redirect the traffic towards less frequent areas.

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