Margins on traditional telecommunications services such as voice and SMS have been tightening for some time, and so operators are enthusiastic when it comes to developing new lines of business. Telematics is one of the most promising business areas in the Internet of Things. With the maturity of cloud, big data, Advanced Driver Assistance Systems and self-driving technologies, a new development peak in telematics is coming. Consequently, leading operators are investigating opportunities in the telematics business.
A combination of intelligent terminal products and smart data analytics platforms is the optimal mix for operators to access the telematics field quickly. In order to succeed in the telematics business, operators must certainly offer services that customers desire. Driving value from telematics data will be key. In addition, third party services will build on data provided by the telematics business driven by the operators.
a) Data collection: Collect vehicle location, conditions, fault events, driving behaviour, oil consumption etc. through on-board diagnostics (OBD), global navigation satellite system (GNSS), 6-axle gyroscopes, 4G+WIFI hotspot, Bluetooth, etc.
b) Data sharing: Provide authorised information through the cloud-based data processing of the telematics service provider to third parties such as insurance companies, repair shops, government, etc.
c) Data applications: Set up various business model algorithms based on the different end customer business scenarios, such as a usage based insurance (UBI), financial leasing, customer care, etc.
High adaptability: The number of vehicle types in Europe and America for OBD products exceeds 4,000.
End-to-end: Provide end-to-end solutions from data collection and data sharing, to end-user data applications.