Influence Of Big Data on the Automotive industry

The big data boom is developing the outline for future technological innovations.

FREMONT, CA: This era is big all-around data, transforming the shape of various sectors, comprising banking, finance, healthcare, and more, and the automotive industry is not an exclusion. The big data boom is developing the outline for future technological innovations.

As Tom Wood, CEO of used-car buying website Cazana.com, big data could become the energy the auto industry is waiting for to keep pace with technological and lifestyle changes. The Connected Car Market Research Report refers that connected cars will be the next big thing, and by 2020 their services will record around $40 billion in annual revenue.

The related car services based on big data include navigation, remote diagnostics, infotainment, traffic management, usage-based insurance, and last but not least autonomous driving, which is undeniably safer as 90% of the accidents on roads is due to human error.

Through collective data analysis, big data will help control many vehicles in fleet management. Also, sensors will watch out for speed, route choice, and braking techniques before passing on informed decisions to the drivers.

With the arrival of big data, vehicle maintenance will also be more defensive because it will make it easy to monitor across all systems, eradicating the problems before they result in a breakdown.

The auto and insurance industries can also benefit from this surfeit of big data. The industry can utilize the information obtained from various smart sensors to compile custom insurance plans, performance, monitoring driver behavior and safety.

Additionally, connecting the dots of an accident will be more precise and less skewed than proof when accomplished through considerable data reconstruction. This will expectantly make customers drive more carefully and, without a doubt, make the roadways safer.