The transport industry has taken a huge leap in the last few years with the installation of IoT embedded devices. Technologies like Apple CarPlay, Android Auto, Bluetooth, and GM’s OnStar, along with other applications, have made the transportation industry accessible like never before, it has become a part of our network now. The chief driving force for automotive is connectivity or in other words Internet Of Things (IoT).
To put it simply, IoT is the chain of the network that connects everyday devices, appliances, and other display objects by means of a sensor and a strong internet connection to seamlessly connect the devices. It is basically the wireless connection between and its surroundings that includes customers and dealership.
The most common example of IoT in the auto retail field is onboard technology. Another most used technology in the autonomous vehicle field is connecting all the display devices with 4G LTE Wi-Fi hotspots. All the technologies are powered by wireless connections. With the help of upcoming technologies, the auto retail market can flourish in coming years.
Today all the cars are connected with the help of sensors and modules, some of which are also connected with the in-vehicle network. The vehicle can transmit all kinds of complicated data that might involve detecting or predicting a potential problem, real-time data monitoring, service and maintenance tips, etc.
Carmakers are very much into this new technology. From the security point of view, so many apps like vehicle health reports have already been introduced in the market. The technology would enable the dealer to communicate with the customer if any problems detected, much before the warning lights.
The vehicle industry has experienced so many changes with the invention of the Internet Of Things (IoT), and that will go beyond blockchain and parts manufacturing industry or special order placement. Dealers need to understand IoT more accurately to get profit out of the vehicle industry. It is a rational idea to have a 360-degree knowledge of IoT and how it influences the automotive retail industry to be most effective in running the dealership business.
Tanaya is a Senior Content Developer at IoT Avenue who helped to build the content of the site along with several other sites with her compassionate SEO driven content. She is also a HubSpot, certified Content Marketer. She brings her five years of experience to her current role, where she is dedicated to developing the content of different websites.
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