October - 2014 - issue > CXO View Point

Internet of Things in the Automotive Industry - Car 3.0

By Subramanian Gopalaratnam, Head of Innovation & Technology, Xchanging
Monday, November 24, 2014
 By Subramanian Gopalaratnam, Head of Innovation & Technology, Xchanging
Xchanging (LSE:XCH.L) is a London based business processing, technology and procurement services provider. The company has a current market cap of $433.70 million.

"As we move further and further down the path of connectivity, the car itself may or may not become smarter, but what it integrates within will be interesting. The vehicle is going to become a smart cog in the wider Internet of Things" - John Ellis, Ford Motors.

Besides transforming the way we shop, the Internet has created a hyper connected world. However, the global car industry has been slow in adapting to the connectivity boom and continued to remain traditional.

Although, in the last two years there has been a turnaround in the way car companies operate. Car manufacturers are now considering their customers' requirements and are designing products to address those. This has been the outcome of a rapid increase in the number of smartphone users who are looking to integrate their driving experience with consumption of digital information.

Over the last half-decade, the telecom and automotive industry leaders have joined hands to engage in the creation of next-generation of cars. For instance, early this year, Google announced the formation of an 'Open Automotive Alliance' with some of the leading global car OEMs (including General Motors, Honda and Audi) and chipmaker NVIDIA to release Android Auto, a car-focused version of the Android OS starting in 2014.

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