1.3 million
annual global fatalities from auto accidents
$215 billion
predicted value of the connected car market by 2027
270%
increase in connected vehicles on the road since 2018
EXECUTIVE SUMMARY
TensorIoT creates custom vehicle fleet management systems that unlock business value for major clients in the automotive industry.
GOAL
How can you connect and utilize data from vehicles to derive advanced insights and provide clear benefits to the fleet managers as well as operators?.
RESULTS
Clients have access to real time vehicle tracking, detailed logs of past routes, live streaming video from vehicles and real time analytics, along with custom alerting.
Background
The 2020 McKinsey’s consumer survey on autonomous driving, connectivity, electrification, and shared mobility (ACES) reported that nearly 40% of consumers would buy different brands with improved connectivity. Connected vehicles provide a unique customer experience while simultaneously delivering cost and revenue benefits to a wide range of mobility companies. The value of connected vehicle data has applications for auto dealers, vehicle insurers, fleets, equipment manufacturers and suppliers, tech partners, and more.
The Challenge
Even though auto customers place a high value on connectivity, many original equipment manufacturers (OEMs) have struggled with connectivity or related software developments, resulting in delayed production and deployment as well as poor customer reviews. Developing for a software-defined car requires specialists to unlock the full potential of edge IoT, including real time monitoring, analysis and alerting capabilities.
The Solution
TensorIoT uses AWS Connected Mobility Solutions (CMS) as the foundation to develop specialized fleet management systems.
Clients have access to real time vehicle tracking, detailed logs of past routes, live streaming video from vehicles and real time analytics. Additionally, fleet management systems can monitor electric vehicle fleet batteries for optimization, and set up tire pressure monitoring to issue alerts when unsafe conditions arise.