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The Internet of Things (IoT) has brought dramatic changes to many consumer industries. Nowadays, it?s not uncommon to see a fridge that tells homeowners when the milk is almost gone, or a ceiling fan that shuts off automatically to conserve energy.
But one could argue that no industry is shifting as quickly as automotive, with projections of 250 million connected cars by 2020. As the move to connectivity continues, the auto industry will be forced to keep pace by incorporating the latest IoT features.
From well-known tech companies dipping their toes into auto manufacturing to self-driving cars, IoT will eventually impact every component of the automobile world – including auto sales and dealer divisions.  Are you prepared" You should be. Get ready for IoT to influence automotive in these five areas.
Detailed Data is the New Normal
With the advent of connectivity, technology companies and carmakers can monitor customer data – like internet patterns and driving tendencies – like never before. Why does this matter" For starters, warranty providers will be able to tailor protection plans by analyzing individual driver habits, be it good or bad. In the age of connectivity, data protection plans are no longer just for mobile carriers; they?re an important tool for the auto industry.
Changing Competition
Heads up! Carmakers are now going head-to-head with tech giants like Apple and Google, and ...