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Smart Vehicle Monitoring

Monitor and record information about drivers’ driving patterns to launch a defect trends analysis on equipment failures and maintenance. As such, demand forecasts for replacement parts are updated and monitored against inventories at different dealers and distribution centers. Similarly, data can be also leveraged for car insurance schemes.

Key benefits

Collaborative Preventive Maintenance
Collaborative Preventive Maintenance
By accessing vehicle data, mechanics can preventively advise customers on repairs and replacement parts, who now have full visibility on their cars’ health.
Optimized After Market Supply Chain
Optimized After Market Supply Chain
Based on usage and defect trends, demand forecasts for replacement parts are updated and monitored against inventories at different dealer and distribution centers.
Tailored Insurance Premiums
Tailored Insurance Premiums
Insurance companies can leverage captured vehicle data and offer Insurance premiums tailored to drivers’ driving behavior, often resulting in savings.

User Journey

  • 1
    Vehicle owner connects smart device to his car and receives a monthly report on his vehicle’s health
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  • 2
    His mechanic pushes an electronic maintenance contract for a due service and the vehicle owner accepts the contract and takes the car in for service
    Previous Next
  • 3
    Further trends analysis and diagnosis suggest additional preventive repairs
    Previous Next
  • 4
    Vehicle owner accepts the revised contract electronically
    Previous Next
  • 5
    Payments are settled through the platform
    Previous Next

Potential Service Features

  • Peer-To-Peer Interaction
  • Insurance Policy Renewal
  • Electronic Contracts and Payments
  • Historical Data Management
  • Predictive Maintenance Schedules
  • OEM Warranty Validation

Implementation Analysis

Implementation Timeline

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  • Short
  • Medium
  • Long

Regulatory Conduciveness

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  • Favorable
  • Challenged
  • Complex

Technology Commercial Viability

progress 20%
  • Currently Viable
  • Viable in Short Term
  • Viable in Long Term

Investment Requirements

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  • Low
  • Medium
  • High

Key Implementation Consideration

Conceptual Diagram

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Relevant Tech Solutions