Use of IOT in Automotive Industry
Internet of Things refers to a connection of billions of complex devices like electronics, sensors, gateways, actuators, and platform hubs. These tangible devices connect and interact with each other over a wireless network. Connected objects (or things) share data with each other and operate without any intervention by humans. With an annual production of more than 70 million units, the automobile sector is one of the biggest manufacturing industry in the world. According to an international estimate, the global turnover of the automobile industry in 2017 was an astonishing 3 trillion dollars, amounting to a combined global GDP of 3.65%. The advent of IoT in automotive industry has opened new avenues for carmakers and buyers all across the world. With usage at both industrial and commercial level, IoT in automotive sector has become a prominent hotspot for vari...