How Automotive IoT Solutions Streamline Car Rental Business?

IoT enabled cars to have a lot to offer to the customers ranging from improved control over vehicle status, enhanced security features for alarms and lost car keys, to driving ability and vehicle safety.

FREMONT, CA: Through the internet of things (IoT) is not the first thing that one visualizes while talking about the automotive industry, yet the statistics have a different story to tell. According to Gartner, around 20 billion connected devices will be there by 2020 and the industry that it will impact the most will be automotive. For several automobile manufacturers, mobility capabilities for the automotive industry can result in the digital revolution in the automobile manufacturing process. IoT enabled cars to have a lot to offer to the customers ranging from improved control over vehicle status, to enhanced security features for alarms and lost car keys, to driving ability and vehicle safety. Here’s how automotive IoT solutions are affecting the car rental market:

Easy Maintenance

Vehicle maintenance is a massive challenge for a car rental company as it has to manage a lot of vehicles that cannot be out of commission for long. An IoT based smart sensor can be highly effective in such a case where it can have all the credentials required for vehicle maintenance with accurate measurements of individual cars such as fuel indication, vehicle location, air pressure, and other real-time details.

Cost Cutting

IoT solutions enable rental companies to cut down on their costs by reducing employee requirements significantly. IoT solutions are increasingly managing various conventionally manual operations such as process billing or vehicle maintenance data, or process billing.

Order Processing

Though most of the customers provide online details while booking a rental car, yet others prefer to do it face-to-face. Manually collecting the customer information, allocation of a vehicle, manual inspection of the vehicle on return and other redundant tasks get tedious. However, by using automotive IoT solutions the rental companies can streamline the above processes without the probability of error that is often the case with manual involvement.

End-to-end Service

Apart from connecting the vehicles to the internet, automotive IoT solutions also pair the user’s device to the allocated vehicle which eliminates the need for a physical key to unlock the vehicle. The user can use his connected device as a key. Furthermore, customers can customize the music systems, navigate and make calls while driving (although not recommended).

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