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housands of signals are produced and processed inside modern vehicles, yet the purpose was intended only for safety-related driving tasks and onward vehicle development. Until recently, car data has received a great amount of attention with the advancement of ADAS, autonomous driving and vehicle connectivity. With millions of connected cars on the streets and hundreds of millions of connected car devices purchased and installed by the consumers, it creates a huge potential for applications and services enabled through car data.
The number of sensors installed and the complexity of data processing is continuously growing. As a company aiming to set the standard of car data circulation and facilitating a more open and fair data marketplace, it is empirical for us to look into the car data market and have a clear understanding of the current landscape, the procurement process of each data and its potential applications.
Our team has conducted a holistic overview of crucial car data dimensions, their applications and major players in the market with continuous updates. While most of the data-enabled functions/services are around driver experience, driver efficiency and safety, lots of future-looking applications are also being mapped out by us in our study.
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ata dimension wise, people usually think car data means data about cars, yet the scope of car data has way surpassed that stage. In order to have a more logical perspective, we have categorized them into three verticals, people data, vehicle data, and environment data. While most of the data gathered today are around vehicle and environment, we've seen tremendous potential in each and every vertical. Whether used alone or as a combination, those data can create huge practical and social values, assuming all legal and ethical issues are being solved.
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dditionally, the beauty of car data is not only can it serve the whole automotive industry, but create far more value in virtually all aspects of businesses and personal lives when combined with different sets of data. Companies like Spatial, is using GPS data, along with behavioral and demographic data, to help local businesses evaluating their real-estate value and making better, more data-informed decisions. Carvue, a garage management service platform, is using location data and workload data to help dealerships and workshops better manage their tools, materials, and people.
For the next article, we will dive deep into the car data market, to see exactly what kinds of data are being collected within the three verticals we've set (people, vehicle and environment), what different companies are doing to create valuable products/services based on all those data and if there are any problems we can solve by taking an innovative approach into the current data market.
In order to better understand needs and pain points of different players in the auto market, our founder, Alex, has been invited to attend this year's NADA show in San Francisco and discuss potential collaborations with industry leaders about our innovations and solutions.
