Intel has discovered that connected automobiles produce 4 TB of data per day, even with usage as low as a few hours each day. For OEMs that produce millions of cars annually, this is soon becoming to be a vast quantity of data that can reach the zettabyte scale. That’s not all, though, since OEMs also produce useful data when creating and manufacturing the cars, not only in the ‘connected car‘.
This data’s initial storage results in extra expenses. As a result, they must be integrated, examined, and utilized throughout: The primary goal of the data’s monetization is to increase OEMs’ sales (e.g. their entertainment services in the vehicle).
The data is most frequently utilized to reduce internal costs. This includes everything from quality assessments of individual components to the prevention of recall campaigns and process improvement in manufacturing.
To play a significant part in influencing the transformation of the industry, it will be imperative for everyone involved in the German automotive industry’s value chain to recognize the added value of this and other data and to use it across enterprises.
As a platform and service provider, the cloud may give scalability, flexibility, high processing power, and the opportunity to develop your offer.
Future automakers will resemble software firms in many ways as a result of the development of numerous cloud-based services, including Vehicle and machine data will rank among the most significant sources for business-critical choices and customer-focused services with the aid of cloud-based analytic systems.
This has advantages for all industry participants in many ways. Suppliers may raise component quality and have a better understanding of the supply chain. OEMs adopt cloud-based technologies to speed up data-based product design processes and boost machine efficiency.
Source:- Industry of things