Investors are increasingly looking onto technology as an enabler for their business. The advancement of the mobile technology has allowed for investors to start looking at the possibilities of having a mobile solution to help drive their investments. Billions of dollars are currently being invested in the ‘connected vehicle.’ Investors see this as the next big digital playing ground. Most people around the world still don’t have much information about what it will mean to have a connected vehicle.
Central to this technology is having an embedded connectivity solution that allows humble network-accessible SIM cards to gain access to the Internet from a vehicle at any time and from any location around the world. Most of the vehicle manufacturers now believe that the advent of smartphones is going to revolutionize the transport industry. Giant strides have already been made towards using technology to make vehicles more fuel efficient, and safe.
Connectivity will involve automating the manner in which emergency services are accessed in the event of an accident. Under a new legislation to be introduced by the European Union, all cars will be fitted with an eCall device. This technology will work in such a way that when the vehicle is involved in an accident, the car will automatically contact the nearest hospital and report the incident. The exact location of the vehicle will also be sent automatically to the hospital.
The cash rich telecommunication companies who will be able to afford these services will roll this new technology into the high-end market. This is because such solutions are initially expected to be expensive and expensive solutions are usually expected to yield equally expensive products. Eventually, a majority of the connectivity software is expected to be installed in the more cost efficient vehicles that interface with the Internet. There is also the possibility that the mobile services providers will try to control the market price, but the price will definitely level up in the long run.
The growing number of budget eco-friendly hybrid cars being sold around the world is expected to have a big influence on this technology. This will help in the elimination of the contract based technology to allow users to use their own SIM cards. This means that it’s now a matter of time before cars will be sold coupled with connectivity equipment.
The smartphone app culture is also infiltrating the market at a very fast rate. There are applications for doing everything from finding parking to finding your favourite restaurant. This will make the future car a smarter car, which will definitely be an exciting achievement.