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The impact of cloud-based technology on the motor industry

cloud technology

Cloud computing is revolutionising the motor industry, providing a scalable and adaptable platform for storing, processing and analysing vast amounts of data every day, and as the first estimatics provider to offer a cloud-based solution, GT Motive is proud to stand at the forefront of this transformation, driving significant advancements in vehicle safety, bettering experiences and improving supply chain efficiencies.

As this technology is so close to our core, we’re taking the time to explore the impacts that cloud-based technology has had on the wider motor industry. Join us for a deep dive, as we kick off with how cloud-based technology has worked to:

Enhance vehicle performance and maintenance

One of the key advantages of cloud computing in the motor sector is that it offers users the ability to remotely monitor vehicle performance and predict maintenance needs.

By leveraging cloud-based analytics solutions, operators can analyse data from on-board sensors to detect and address potential faults before they become major issues, and this proactive approach goes a long way in reducing downtime, cutting repair costs and enhancing vehicle reliability, thereby lowering the risk of dangerous failures.

In fact, a recent study from McKinsey & Company found that predictive maintenance could reduce unplanned downtime by up to 50% and maintenance costs by 10-40% – a dramatic saving to say the least.

Facilitating real-time communication and smart transportation

According to recent Allied Market Research statistics, the global smart transportation market is expected to reach $261.7 billion by 2027, driven largely by advancements in cloud computing and IoT technologies.

This connectivity is crucial for the development of smart cities and the advancement of self-driving cars, and as vehicles become more interconnected, the ability to share real-time data can lead to significant improvements in traffic management and road safety.

What’s more, cloud-based technology also enables real-time communication and collaboration between vehicles, traffic infrastructure and other devices, creating a more seamless and efficient transportation system.

Optimising supply chain operations

Cloud-based technology also offers the motor industry real-time visibility into their supply chains, allowing them to manage inventory levels, enhance quality control and reduce lead times, and this optimisation can lead to cost savings and improved product quality, as well as bolstering the automotive industry’s overall competitiveness.

By integrating cloud-based solutions, manufacturers can quickly adapt to market changes and maintain robust supply chain operations, and Gartner predicts that by the end of 2024, at least 50% of large global companies will being actively using artificial intelligence (AI), advanced analytics and the internet of things (IoT) in their supply chain operations, with cloud computing playing a pivotal role.

Future developments in cloud computing for the motor industry

As with any technology, cloud-based solutions are ever evolving, and there are several key advancements which are set to shape the future of the motor industry even further. These include:

  1. Edge processing: this is the idea that as connected and autonomous vehicles become more popular, there will be a growing need for processing power at the network’s edge. As a result, edge computing allows data to be processed locally in real-time, reducing latency and enhancing reliability.
  2. 5G connectivity: the widespread adoption of 5G networks will enhance connected car capabilities by providing low latency and high bandwidth, enabling new use cases such as vehicle-to-vehicle communication and real-time updates for self-driving cars.
  3. Hybrid cloud architectures: designed to manage increasing data volumes, many businesses are adopting hybrid cloud architectures that combine private and public clouds. It’s particularly popular as it’s an approach which allows sensitive data to be stored and processed internally, whilst still benefiting from the scalability and cost-effectiveness of public cloud systems.
  4. Cybersecurity: as connected and autonomous vehicles become more common, the importance of cybersecurity will grow with it too, and cloud-based cybersecurity solutions will be critical in protecting data and preventing cyber-attacks on vehicles.
  5. Software-defined vehicles: this is the idea that with the arrival of software-defined vehicles, businesses are shifting towards cloud-based software platforms which allow them to update car features and functionalities over-the-air, enhancing user experiences and reducing the need for costly hardware updates.
  6. And AI-driven predictive analytics: whereby as vehicles generate more data, AI-driven predictive analytics will become increasingly important. Here, cloud-based AI platforms will enable automakers to analyse this data in real-time, identify trends and predict vehicle performance and maintenance requirements.

The core advantages of cloud-based technology in the motor industry

Cloud computing offers numerous benefits to the motor industry, including:

  • Scalability: whereby cloud computing allows automakers to easily scale resources up or down as needed, improving efficiency and reducing costs.
  • Reliability: as with cloud computing, data is secure and accessible, crucial for developing and deploying autonomous vehicles.
  • Security: as cloud computing provides robust security measures to protect sensitive data from unauthorised access.
  • Cost-effectiveness: whereby reducing the need for extensive IT infrastructure, cloud computing helps businesses to save money.
  • Speed: where businesses can gain access to the latest software and technology, enabling faster development of new features and services.
  • Innovation: as cloud-based technology can support innovation by providing access to a wide range of development tools and resources.
  • And collaboration: where cloud computing facilitates collaboration with other companies and organisations, driving the development of new products and services.

Real-world applications of cloud-based technologies in the motor industry

  1. Connected cars: a fine example of how cloud-based technology enables the development of connected cars that offer real-time traffic data, remote diagnostics and over-the-air updates.
  2. Autonomous vehicles: where we see cloud computing providing the infrastructure for collecting, storing and analysing the data necessary for the operation of autonomous vehicles.
  3. Data analytics: whereby the motor industry uses the cloud to gather, store and analyse vehicle data to improve performance, safety and fuel efficiency.
  4. Manufacturing: where we see oud computing used to optimise manufacturing processes by modelling production and managing supply chains.
  5. And the overall customer experience: where businesses enhance customer experience by providing personalised services and real-time vehicle information through cloud computing.

As we can clearly see, cloud-based technology is revolutionising the motor industry by providing a scalable, cost-effective and secure platform for data analysis and communication, and as the first estimatics provider to offer a cloud-based solution, we at GT Motive see the future of the motor industry as being undoubtedly intertwined with cloud computing, promising continued innovation and enhanced efficiency across all facets of the sector.

Supporting the motor industry with cloud-based technology

Built to connect all stakeholders and network partners within a single, secure platform, GT Motive offers a modern and intuitive solution for complete claims management that reduces claims costs and cycle times, whilst increasing efficiencies and protecting businesses.

We do this by offering a more accurate and up to date data within the system, such as part prices, VIN query and ADAS identification. As a result, GT Motive can help reduce the number of supplements required and any double keying, enabling your productivity to remain at the highest level.

But that’s not all.

Our cloud-based technology built on a secure database, common structure, with a primary integration point to the platform across all of Europe, allows us to offer the most complete catalogue of both collision and maintenance, based on accurate OE data.

Not only does this allow us to offer an accurate 96-98% car parc coverage, it also means that GT Global can form a secure part of your disaster recovery planning as well, acting as a complete digital ecosystem for your claims management processes.

Request your free GT Motive trial today.