News Roundup - April
Here at Interactive Communications, we aim to give our visitors a website that offers a useful information on the Telematics sector – we believe that providing you relevant information on a regular basis is the best way to give you some added value as a visitor to our website. As such we publish a monthly News Roundup for the Telematics industry so our readers can keep up to speed with what’s going on in this sector in one convenient place. Let us know what you think about this News Roundup by email and if there is anything you’d like us to cover, then please let us know and we will do our best.
First up is the news that Thatcham Research, the body leading the development of new technical standards for data recording on telematics devices has raised concerns that recent developments in the connected car market may that its work is already out of date. For the past three years, Thatcham Research has been working on behalf of insurers to develop technical guidelines which would standardise the type of continuous information that would be appropriate for telematics devices to record and transmit so that this data can be used to generate a profile of drivers’ behaviour.
Next we seen telematics in action. When thieves broke into the premises of a plant dealer in Italy and made off with a brand new JCB excavator, the JCB’s telematics system tracked the machine. Even though the GPS signal was lost when the machine was loaded into a container, the dealer had programmed LIveLink to send him a text signal the next time the machine was started up. The signal was again picked up and the JCB was recovered in a barn in the countryside.
Even though a telematics car insurance policy is likely to lower premiums, it’s been revealed that most Brits are avoiding telematics policies due to concerns about privacy. A measly 3% of British drivers have taken out a telematics policy according to price comparison website uSwitch.com due to fears that “Big Brother is watching them”!
Despite this worrying news for the industry here in the UK, PR Newswire is reporting that the global consumer telematics market is expected to reach around $26.18 by the year 2020.
A study carried out in the UK has revealed that despite UK businesses having a legal obligation to protect their employees, a massive 34% of companies in the South West have insufficient measures in place to protect their staff when working alone. With the Office of National Statistics estimating that there are now about 6 million lone workers here in the UK, this is a situation that needs remedying and the telematics industry is in a prime position to help.
A recent study carried out by DHL and Cisco titled “The Internet of Things in Logistics” has discovered that by 2020 there will be more than 50 billion devices connected to the Internet of Things. It’s expected that this will give supply chains a £1.3 billion boost as the connection of physical objects to the Web helps to deliver more efficient and transparent supply chains in the future.