June 10, 2015

Verizon Enterprise Explores Why the Time for Connected Vehicles Is Now

As with other Internet of Things (IoT) applications, the connected car is also about capturing data to improve efficiency and especially within the sharing economy. As society demands everything to be readily available quickly and efficiently, connected solutions will be a major facilitator in allowing assets to be shared and monetized.

Here are three reasons why the connected car has huge potential for innovation: 

  1. Rapid urbanization has created a need for sharing resources and a shared economy.
  2. Connected vehicles are a new line of revenue for businesses. Connectivity can be leveraged by car dealerships or rental agencies to enhance customer experiences or enterprises looking to capitalize on underutilized assets, such as vehicle fleets.
  3. The technology exists to do this. IoT provides individuals and organizations with on demand access to a wealth of shared resources and assets.

To check out the full article, click here.

Tags: innovation , Internet of Things , IoT , Connected Cars , Verizon Enterprise