EY: Telematics Roundtable June 2014
The number of connected devices worldwide is predicted to triple from more than 9 billion today to 25 billion by 2020.
The number of connected devices worldwide is predicted to triple from more than 9 billion today to 25 billion by 2020. With about 12 billion of these devices being connected by mobile technology, Telematics 4.0 the seamless integration of mobility and the Web is a source of huge opportunity.
To realize the full potential of telematics in the automotive sector, all stakeholders need to focus on the creation of value-added services and the delivery of those services to end-customers. This should generate the critical mass needed to build a win-win ecosystem.
To gain more insight into the strategic priorities facing stakeholders, EY's Global Automotive, Telecommunications and Insurance Centers recently brought together more than 25 senior decision-makers from across the telematics ecosystem. This 26-page report summarizes the results of those discussions.
This year's event in Munich developed the theme of collaboration, as well as investigating how players can leverage (and measure) real value from telematics. During a day of far-reaching debate, we brainstormed ideas in two key areas:
Creating the win-win ecosystem
What is the role of different stakeholders?
What will the winning customer solution look like?
Potential areas of friction between stakeholders
Realizing the enterprise value of telematics
Leveraging big data from car-Web integration
Bottlenecks to realizing enterprise value
Metrics for measuring enterprise ROI from telematics