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The Connected Car: Plugging the Automobile into the Internet of Things
Thursday, September 24, 2015
A wave of innovation is coming to the automotive industry. Just as the smart phone changed the mobile industry by bringing the internet to phones, cars of tomorrow will not only communicate with your home but drive you there as well. The big question is who will bring you these services; will it be the OEM’s or software companies like Apple and Google?
According to the 2014 McKinsey & Company report “Connected Car, Automotive Value Chain Unbound”:
- Today’s car has the computing power of 20 modern PCs, features about 100 million lines of code, and processes up to 25 gigabytes of data per hour.
- 36 million cars with preinstalled SIM cards are estimated to be sold worldwide in 2018.
- Over 90% of all new cars sold will be connected cars by 2020.
- Global connected car market revenues are likely to increase six-fold by 2020.