Technologies such as the internet of things (IoT), artificial intelligence (AI) and 5G are accelerating innovation in the automotive industry, giving rise to new opportunities for improved user experiences, collaboration with partners and data monetization. One area that's gaining renewed attention as a result is telematics powered usage-based insurance (UBI). While UBI is not new, adoption has been slower than expected for several reasons. In addition to data privacy concerns, telematics devices have to be added or retrofitted to cars, data must be collected, stored and shared with multiple parties and deriving useful insights requires analytics on a massive scale. This has added layers of complexity to how companies can partner and collaborate with each other, as well as how the supporting technologies can be integrated to support new business models.

Attachments

  • Original document
  • Permalink

Disclaimer

Equinix Inc. published this content on 04 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2020 17:10:01 UTC