IoT for Connected Cars (Automotive)
The automotive industry is poised to capitalize on the IoT opportunity, with recent research by KPMG revealing that 68% of high-level car company employees agree that traditional purchasing criteria will become irrelevant.
From IoT sensors to improve passenger safety to advanced GPS to ensure fuel and time efficiency, connected cars promise to upgrade the entire driving experience.
Likewise, businesses are set to benefit when connected cars become a reality, with 76% of respondents anticipating a tenfold increase in available revenue streams from connected cars, as compared to standard vehicles.
A car manufacturer embeds connectivity in its cars and launches these new services:
• For the end-user: Content-based services (navigation and entertainment), which can be offered to the end-user as a monthly or prepaid data package
• For the insurance provider: Usage and driving reports, which it charges to the insurance company on a postpaid basis for the overall volume of traffic across the fleet.
The manufacturer has little or no experience in telecoms, but given the scale of their operations, they are willing to invest in telecoms and operate the services of their connected cars like a virtual network operator.
Requirement from IoT platform:
• Flexibility: The platform has to be flexible enough to support its different IoT business models: in this case, the services outlined above as well as any potential future services.
• Single connection: It also needs the cars to stay connected, wherever in the world they may go, as swapping SIM cards and logging on to different networks in different countries is inconvenient and expensive.
• Ease of implementation: With no experience in the telecoms space, the manufacturer has no core network, no SIM platform or connectivity. It needs a solution that is easy to implement via APIs.
Given its aspirations to run its own telecoms network, the BICS M2M-in-the-cloud solution is ideal for automotive manufacturers. The platform includes:
• A purpose-built M2M / IoT SIM management platform,
• An MVNE platform, and
• Worldwide connectivity
The manufacturer has the option to determine, for each component of its IoT platform, whether to use BICS’ services or develop its own.
Car manufacturers using BICS M2M-in-the Cloud solution can take the in-car connectivity to the next level, generating up to ten times the levels of revenue compared to standalone car sales.
Cross border parcel tracking service – ParceLive
“Our ambition for ParceLive has always been to provide the most detailed, current and useful information across the globe. With the help of BICS, that ambition becomes a reality as it ensures that the ParceLive trackers are well connected wherever they go, whatever happens to them.”