

64% of truck industry CEOs say the future success of their organization hinges upon the digital revolution. This should come as no surprise, as transportation as we knew it a decade or two ago is slowly fading into obscurity.
Operating standards in the industry are improving, and values such as speed, efficiency, eco-friendliness, and safety are reverberating in announcements at industry conferences and in truck industry reports.
Self-driving, fully autonomous vehicles, mainly electrically powered and based on AI and the Internet of things , are transforming 21st-century transportation. It is well worth taking a look at examples of solutions implemented by innovators with substantial development capital.
Some innovations, in particular, are shifting the industry forward. And they are literally doing so. Developments like autonomous vehicles, electric-powered trucks, Big Data , and cloud computing have modified the way goods and people are transported. Smart analytics allows for more efficient supply chains, but not only that. It also enhances driving safety and the experience of traveling long distances.
High-tech trucks break down less frequently and cause fewer accidents. And self-driving technologies, which are still being developed, enable you to save time and money.
Better location tracking, improved ambient sensing, and enhanced fleet management . All these benefits can be achieved by implementing IoT solutions.
Composed of devices and detectors in the vehicle and in the road infrastructure, the network is a space for the continuous exchange of data in real-time . It provides information about the conditions on the route, but also whether the cargo is stable (tilt at the level of the pallet or package), and whether the pressure in the tires is at the right level. This facilitates the work of drivers, shippers, and management.
This solution is applied, for instance, at one of the globally leading logistics companies, Kuehne + Nagel. The company uses IoT sensors and a cloud-based platform in its daily work. It simply works.
The use of artificial intelligence algorithms is equally important. Advanced Big Data analytics , coupled with AI, allows companies to make decisions based on accurate, quality data. According to Supply Chain Management World research, 64 percent of executives believe that big data and coupled technologies will empower and change the industry forever. This is because it will improve performance forecasting and goal formulation even further.
Performance indicators are measured in this way by the logistics company Geodis. With their proprietary Neptune platform, they leverage real-time coordination of transportation activities. With one app and a few clicks, carriers and customers can manage all activities during transport.
Software-based solutions in the trucking industry are eradicating a number of issues that have previously been the bane of the industry. These include breakdowns, which sometimes take a fleet's operationally significant "arsenal" out of circulation. You can find out about such incidents even before they happen.
Drivers of the new Mercedes-Benz eActros, for example, have recently been able to make use of the intelligent Mercedes-Benz Uptime system. This service is based on more than 100 specific rules that continuously monitor processes such as charging. On top of that, they control the voltage history associated with the high-voltage battery.
All information required in terms of reliability is available to customers via a special portal in the cloud. In this way, the German manufacturer wants to keep unexpected faults to a minimum and facilitate the planning of maintenance work for the fleet.
Automated trucks equipped with short and long-distance radars, sensors, cameras, 3D mapping, and laser detection are poised to revolutionize the industry. They are also a solution to the problem of the driver shortage, though, as a matter of fact, we still have to wait a while for fully autonomous trucks.
However, there are many indications that there will be increased investment in such solutions. Just take a look at the proposals from tech giants in the US like Tesla, Uber, Cruise, and Waymo.
The latter offers the original Waymo VIA solution, promising van and bus drivers an unparalleled autonomous driving experience. Waymo Driver's intelligent driving assistant, based on simulations with the most challenging driving scenarios, is capable of making accurate decisions already in the natural road environment. WD sees and detects what's happening on the road, in addition to being able to handle complex tasks of accelerating, braking, and navigating a wide turning circle.
The sustainability trend is now powering multiple industries, with the truck industry being no exception. So it should come as no surprise that a rising number of large transport vehicles are being electrified.
Tesla is investing in electric trucks, and doubly so, because in addition to making their Semi Truck an electric vehicle, Elon Musk's brand has additionally created its own charging infrastructure - a network of superchargers under the brand, the Tesla Supercharger Network. As a result, ST trucks are able to drive 800 km on full batteries, and an additional 600 km of range can be attained after 30 minutes of charging.
Another giant, Volkswagen , is also following a similar approach. It is investing in electric trucks with solid-state batteries that, unlike lithium-ion batteries, provide greater safety and an improved quick-charging capability. In the long run, this is intended to lead to an increase of up to 250% in the range of kilometers covered.
The mission to reduce CO2 emissions in truck transport is also being actively promoted by VOLTA. Their all-electric trucks are designed to reduce exhaust tailpipe emissions to 1,191,000 tonnes by 2025. A slightly smaller, but still impressive goal has been set by England's Tevva Electric Trucks. Their vehicles are expected to reduce CO2 emissions by 10 million tons by the next decade.
Companies like Tesla, Nikola Corporation, Einride, Daimler, and Volkswagen already understand the need to enter the electric vehicle market with bold proposals. Major players in the automotive market are also targeting synergistic collaborations. For instance, BMW, Daimler, Ford, and Volkswagen are teaming up to build a high-powered European charging network. Each charging point will be 350 kW and use the Combined Charging System (CCS) standard to work with most electric vehicles, including trucks.
Another major collaboration involves Volkswagen Group Research and the American company QuantumScape. The latter is conducting research on solid-state lithium metal batteries for large electric cars. This partnership is expected to enable the production of solid-state batteries on an industrial level.
Truck electrification is not all that is needed. It is also essential that electric vehicles have an adequate range and unhindered access to charging infrastructure. In addition, optimizing consumption and increasing energy efficiency is also one of the challenges.
It is with these needs in mind that Proterra has developed special Proterra APEX connected vehicle intelligence telematics software to assist electric fleets with real-time energy management. Electric batteries are constantly monitored and real-time alerts appear on dashboards. Fleet managers also have access to configurable reports.
Meanwhile, the Fleetboard Charge Management developed by Mercedes offers a comprehensive view of all interactions between e-trucks and the company's charging stations. Users can see what the charging time is and monitor the current battery status. Beyond that, they can view the history of previous events. They can also adjust individual settings such as departure times and final expected battery status.
More technologically advanced trucks can be linked together. Platooning, or interconnected lines of vehicles traveling in a single formation allows for substantial savings. Instead of multiple trucks "scattered" on the road, the idea is to have a single, predictable in many ways string of vehicles moving in a highly efficient and low-emission manner.
How is this possible? The answer is simple: telematics. Telecommunication devices enable the seamless sending, receiving, and storing of information. Josh Switkes, a founder of Peloton, a leader in automated vehicles, explains how the system functions: We’re sending information directly from the front truck to the rear truck, information like engine torque, vehicle speed, and brake application .
Although platooning is not yet widespread, it may soon become a permanent fixture on European roads thanks to Ensemble . As part of this project, specialists, working with brands such as DAF, DAIMLER, MAN, IVECO, SCANIA, and VOLVO Group, are analyzing the impact of platooning on infrastructure, road safety, and traffic flow. However, the fuel savings alone are already said to be 4.5% for the leading truck and 10% for the truck following it.
Developers of automotive and truck industry technologies are focusing particularly on safety issues. These can be aided by intelligent sensors that allow a self-driving vehicle to generate alerts and take proactive action. This is how VADA works. This is Volvo ’s active driver assistance system, already being standard on the Volvo VNR and VNL models.
The advanced collision warning system, which combines radar sensors with a camera, alerts the driver seconds before an imminent collision. If you are too slow to react, the system can implement emergency braking automatically in order to avoid a crash.
Changes are also taking place at the design stage of large vehicles. This is particularly emphasized by the makers of these cutting-edge models. One of the leaders in this field is VOLTA , which advertises its ability to create "the world's safest commercial vehicles".
Their Volta Zero model provides easy and low level boarding and alighting from either side directly on the sidewalk. That's possible because the vehicle doesn't have an internal combustion engine, so the engineers were able to overhaul previously established rules.
While GPS is nothing new, the latest software uses the technology to a more advanced degree. For instance, for so-called dynamic route mapping, i.e. selecting the shortest, most convenient route, allowing for possible congestion. Importantly, this works flexibly, adapting not only to road conditions but also, for example, to unexpected increases in loading, etc.
Volta Zero also relies on the advanced route and vehicle monitoring. Using the Sibros OTA Deep Logger, you can receive up-to-date information on individual vehicles and the entire fleet.
Apart from the passenger car market changes, a similar revolution is underway in the truck and van industry. This transformation is called for as the problem is not only a shortage of professional drivers but also reducing the cost of transportation and increasing volume. So any loss-reduction initiative is of paramount value.
As for the solutions we have mentioned in this article, they will certainly not all be widely implemented in the next few years. For example, it is difficult to expect only electric-powered autonomous trucks to be on the road as early as 2027. What can be widely rolled out now is, for example, optimization of cargo loading (by predicting when the truck will arrive), better route finding (via advanced GPS), or predictive maintenance (early repair before it generates logistics costs). It is only the second step to progress toward full electrification and autonomization.
Regardless of how the truck industry evolves over the next few or so years, it is definite that the changes will be based on the idea of a digital revolution, advanced software, and smart components.
All this is geared to enhance mobility services, bringing aspects such as driving comfort, business efficiency, and safety to a new level. This is a fact well known to the big OEM players and to the tech and automotive companies that year after year are competing with each other in innovations.

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Ever since Henry Ford implemented the first production line and launched mass production of the Ford Model T, the automotive industry has been on the constant lookout for ways to boost performance. This aspect has become even more relevant today, given the constant market and social unrest. Coming to rescue supply chain management and product lifecycle optimization is predictive maintenance. Not only OEMs, but the entire automotive industry: insurers, car rental companies and vehicle owners are benefiting from the implementation of this technology.
Predictive maintenance is an advanced maintenance approach that utilizes data science and predictive analytics to anticipate when equipment or machinery requires maintenance before it faces a breakdown.
The primary aim is to schedule maintenance at optimal times, considering convenience and cost-effectiveness while maximizing the equipment's longevity. By identifying potential issues before they become critical, predictive maintenance significantly reduces the likelihood of equipment breakdowns.
Various types of maintenance strategies are employed in different industries:
Predictive maintenance employs various techniques, such as vibration analysis, acoustic monitoring, infrared technology, oil analysis, and motor circuit analysis. These methods enable continuous equipment condition monitoring and early detection of potential failures, facilitating timely maintenance interventions.
Predictive maintenance hinges on the real-time condition of assets and is implemented only when the need arises. Its purpose is to anticipate potential failures by monitoring assets while they are actively operational. Unlike preventive maintenance , this approach is rooted in the current operational state of an asset rather than statistical analysis and predetermined schedules.
Predictive maintenance solutions utilize a combination of sensors, artificial intelligence, and data science to optimize equipment maintenance.
The development of such solutions varies depending on equipment, environment, process, and organization, leading to diverse perspectives and technologies guiding their creation. However, there are steps common to every project: data collection and analysis, model development and deployment, as well as continuous improvement.
Here is a step-by-step process of how solutions are developed in the automotive industry :
Implementing predictive maintenance solutions in a fleet of vehicles or in a vehicle factory is a process that requires time, consistency and prior testing. Among the main challenges of rolling out this technology, the following aspects in particular are noteworthy.
Integrating data from many sources is a significant barrier to implementing predictive maintenance solutions. To accomplish this with a minimum delay and maximum security, it is necessary to streamline the transfer of data from machines to ERP systems. To collect, store, and analyze data from many sources, businesses must have the proper infrastructure in place.
Lack of data is a major hindrance to implementing predictive maintenance systems. Large amounts of information are needed to develop reliable models for predictive maintenance. Inadequate information might result in inaccurate models, which in turn can cause costly consequences like premature equipment breakdowns or maintenance.
To get over this difficulty, businesses should collect plenty of data for use in developing reliable models. They should also check that the data is relevant to the monitored machinery and of high quality. Businesses can utilize digital twins, or digital representations of physical assets, to mimic the operation of machinery and collect data for use in predictive maintenance systems.
Transitioning from preventive to predictive maintenance is complex and time-intensive. It requires comprehensive steps beyond technology, including assembling a skilled team and managing upfront costs. Without qualified experts versed in software and process intricacies, project success is doubtful.
The implementation of predictive maintenance programs comes with substantial costs. These upfront expenses pose challenges, including the need to invest in specialized sensors for data collection, procure effective data analysis tools capable of managing complexity, and possibly hire or train personnel with technical expertise.
To address these hurdles, collaboration with specialized vendors and the utilization of cloud-based solutions can prove cost-effective. Additionally, digital twin technology offers a way to simulate equipment behavior and minimize reliance on physical sensors, potentially reducing overall expenses.
The implementation of predictive maintenance involves extensive data collection and analysis, which can give rise to privacy concerns. Companies must adhere to applicable data protection laws and regulations, and establish proper protocols to safeguard the privacy of both customers and employees. Even though predictive maintenance data may be anonymized and not directly linked to specific individuals, it still necessitates robust security measures, since preventing data breaches and unauthorized access to vital company information is crucial for overall success.
Life cycle optimization, stock management, or even recycling management - in each of these fields predictive maintenance can bring substantial benefits. And this is not only for OEMs but also for fleet operators, transportation or logistics companies. And even for the end user.
Below we list the key benefits of implementing predictive maintenance in an automotive-related company:
Predictive maintenance clearly is not a one-size-fits-all solution for all sectors. Notably, it will work well for high production volumes and short lead times and anywhere you need to ensure reliability, security and convenience.
The automotive industry is a perfect fit for this model. As shown in the examples featured in the second part of the article, the top players in the market are tapping into this technology.
According to Techsci Research , “ The global predictive maintenance market was valued at USD 4.270 billion in 2020 and is projected to grow around USD 22.429 billion by 2026”.
Generative AI is quickly emerging as one of the key drivers of automotive innovation. This shift is not just a future possibility; it's already happening. In 2023, the generative AI market in the automotive sector was valued at approximately USD 387.54 million . Looking ahead, it's projected to surge to about USD 2,691.92 million by 2032 , demonstrating a robust Compound Annual Growth Rate (CAGR) of 24.03% from 2023 to 2032. Major Original Equipment Manufacturers (OEMs) are integrating sophisticated AI algorithms into various aspects of the industry, from vehicle design to enhancing customer interactions.
The impact of generative AI in the automotive sector is already evident. For instance, NVIDIA's generative AI models empower designers to swiftly transform 2D sketches into intricate 3D models, significantly speeding up the design process and opening up new avenues for creativity and efficiency. Meanwhile, automotive manufacturing companies are exploring collaborations with tech giants to integrate advanced AI language models into their vehicles, enhancing the driving experience.

This article will explore how leading automotive players are leveraging generative AI to not only keep pace with the evolving demands of the market but also redefine mobility and automotive excellence.
The introduction of software-defined vehicles (SDVs) represents a significant shift in the automotive industry, moving beyond traditional performance metrics such as horsepower and chassis design to focus on software and digital capabilities. By 2025, it is estimated that vehicles could require as much as 650 million lines of code each. These vehicles heavily rely on software for critical operations such as driving assistance, navigation, and in-car entertainment systems.
The integration of generative AI in this domain further amplifies these capabilities. Generative AI is known for its ability to create and optimize designs and solutions, which is beneficial in improving both the software and hardware aspects of SDVs. It helps in generating efficient algorithms for vehicle control systems, contributes to the development of more effective and adaptive software solutions, and even assists in designing vehicle components for better performance and efficiency.
However, bringing generative AI into this landscape presents both unique opportunities and significant challenges.
Integrating advanced AI systems into modern vehicles is a complex and multifaceted task that demands technical expertise and careful attention to data security and privacy , particularly with the increasing reliance on data-driven functionalities in vehicles.
The automotive industry is facing a complex regulatory environment. With the growing importance of AI and data in-vehicle systems, it has become crucial to comply with various international regulations and standards , covering areas such as data protection, safety, and environmental impact.
One significant challenge for OEMs is the lack of standardization within the software-defined vehicles industry, which can complicate the development and integration of new technologies as there are no universal norms or protocols to guide these processes.
Internal transformation is also a critical aspect of this integration. OEMs may need to revamp their internal capabilities, processes, and technological infrastructure to use generative AI effectively.
Integrating generative AI technology allows for more creative and efficient vehicle design , resulting in quicker prototypes and more innovative models .
It also allows for creating personalized vehicles that cater to individual user preferences like never before. In manufacturing, generative AI promotes more efficient and streamlined production processes , which optimizes resources and reduces waste.
Let's explore how automotive manufacturers already use gen AI to boost their operations.
Generative AI's integration into the automotive industry revolutionizes multiple facets of vehicle design, manufacturing, and user experience. Let's explore these areas:
Toyota Research Institute has introduced a generative AI technique to optimize the vehicle design process to produce more efficient and innovative vehicles. This approach allows designers to explore a wider range of design possibilities, including aerodynamic shapes and new material compositions.
BMW's use of NVIDIA Omniverse is a significant step in design improvement. The company uses this platform to create digital twins of their manufacturing facilities, integrating generative AI to enhance production efficiency and design processes.
BMW has implemented generative AI in a unique way to improve the scheduling of their manufacturing plant. In partnership with Zapata AI, BMW utilized a quantum-inspired generative model to optimize their plant scheduling, resulting in more efficient production. This process, known as Generator-Enhanced Optimization (GEO), has significantly improved BMW's production planning, demonstrating the potential of generative AI in industrial applications.
Traditionally, predictive maintenance relies on historical data to forecast equipment failures, but generative AI enhances this process by creating detailed, simulated data environments. This technology generates realistic yet hypothetical scenarios, encompassing a vast array of potential machine failures or system inefficiencies that might not be present in existing data sets.
The generative aspect of this AI technology is particularly valuable in situations where real-world failure data is limited or non-existent. By synthesizing new data points, generative AI models can extrapolate from known conditions to predict how machinery will behave under various untested scenarios.
In modeling, generative AI goes a step further. It not only predicts when and how equipment might fail but also suggests optimal maintenance schedules, anticipates the impact of different environmental conditions, and proposes design improvements.
One of the challenges in using generative AI, particularly in customer interaction, is the accuracy of AI-generated responses. An example of this was an error by ChatGPT, where it was tricked into suggestion of buying a Chevy for a dollar . This incident underlines the potential risks of misinformation in AI-driven communication, emphasizing the need for regular updates, accuracy checks, and human oversight in AI systems. Nevertheless, this technology offers many opportunities for improving the customer experience:
For instance, in collaboration with Microsoft, General Motors is exploring the use of AI-powered virtual assistants that offer drivers a more interactive and informative experience. These assistants can potentially provide detailed insights into vehicle features and performance metrics and offer personalized recommendations based on driving patterns.
Also, Mercedes-Benz is exploring the integration of generative AI through voice-activated functionalities in collaboration with Microsoft. This includes leveraging the OpenAI Service plugin ecosystem, which could allow for a range of in-car services like restaurant reservations and movie ticket bookings through natural speech commands.
Grape Up has developed an innovative voice-driven car manual that allows drivers to interact with their vehicle manual through voice commands, making it more accessible and user-friendly. With this technology, drivers no longer have to navigate through a traditional manual. Still, they can easily ask questions and receive instant verbal responses, streamlining the process of finding information about their vehicle.
As the automotive industry accelerates towards a more AI-integrated future, the role of expert partners like Grape Up becomes increasingly crucial. Our expertise in navigating the intricacies of AI implementation can help automotive companies unlock the full potential of this technology. If you want to stay ahead in this dynamic landscape, now is the time to embrace the power of generative AI. For more information or to collaborate with Grape Up, contact our experts today.
Our initial article on predictive maintenance covered the definition of such a system, its construction, and the key implementation challenges. In this part, we'll delve into how PdM technology is transforming different facets of the automotive industry and its advantages for OEMs, insurers, car rental companies, and vehicle owners.
In the first part of the article, we discussed the importance of sensors in a PdM system. These sensors are responsible for collecting data from machines and vehicles, and they can measure various variables like temperature, vibration, pressure, or noise. Proper placement of these sensors on the machines and connecting them to IoT solutions, enables the transfer of data to the central repository of the system. After processing the data, we obtain information about specific machines or their parts that are prone to damage or downtime.
The automotive industry can benefit greatly from implementing these top predictive maintenance techniques.
How does it work?
Machinery used in the automotive industry and car components have a specific frequency of vibration. Deviations from this standard pattern can indicate "fatigue" of the material or interference from a third-party component that may affect the machine's operation. The PdM system enables you to detect these anomalies and alert the machine user before a failure occurs.
What can be detected?
The technique is mainly applied to high-speed rotating equipment. Vibration and oscillation analysis can detect issues such as bent shafts, loose mechanical components, engine problems, misalignment, and worn bearings or shafts.
How does it work?
The technique involves using infrared cameras to detect thermal anomalies. This technology can identify malfunctioning electrical circuits, sensors or components that are emitting excessive heat due to overheating or operating at increased speeds. With this advanced technology, it's possible to anticipate and prevent such faults, and even create heat maps that can be used in predictive models and maintenance of heating systems.
What can be detected?
Infrared analysis is a versatile and non-invasive method that can be used on a wide scale. It is suitable for individual components, parts, and entire industrial facilities, and can detect rust, delamination, wear, or heat loss on various types of equipment.
How does it work?
Machines produce sound waves while operating, and these waves can indicate equipment failure or an approaching critical point. The amplitude and character of these waves are specific to each machine. Even if the sound is too quiet for humans to hear in the initial phase of malfunction, sensors can detect abnormalities and predict when a failure is likely to occur.
What can be detected?
This PdM technology is relatively cheaper compared to others, but it does have some limitations in terms of usage. It is widely used in the Gas & Oil industry to detect gas and liquid leaks. In the automotive industry, it is commonly used for detecting vacuum leaks, unwanted friction, and stress on machine parts.
How does it work?
The technique works through electronic signature analysis (ESA). It involves measuring the supply voltage and operating current of an electronic engine. It allows locating and identifying problems related to the operation of electric engine components.
What can be detected?
Motor circuit analysis is a powerful tool that helps identify issues related to various components, such as bearings, rotor, clutch, stator winding, or system load irregularities. The main advantage of this technique is its short testing time and convenience for the operator, as it can be carried out in just two minutes while the machine is running.
How does it work?
An effective method for Predictive Maintenance is to analyze oil samples from equipment without causing any damage. By analyzing the viscosity and size of the sample, along with detecting the presence or absence of third substances such as water, metals, acids or bases, we can obtain valuable information about mechanical damage, erosion or overheating of specific parts.
What can be detected?
Detecting anomalies early is crucial for hydraulic systems that consist of rotating and lubricating parts, such as pistons in a vehicle engine. By identifying issues promptly, effective solutions can be developed and potential damage to the equipment or a failure can be prevented.
How does it work?
Computer vision is revolutionizing the automotive industry by leveraging AI-based technology to enhance predictive maintenance processes. It achieves this by analyzing vast datasets, including real-time sensor data and historical performance records, to rapidly predict equipment wear and tear. By identifying patterns, detecting anomalies, and issuing early warnings for potential equipment issues, computer vision enables proactive maintenance scheduling.
What can be detected?
In the automotive industry, computer vision technology plays a crucial role in detecting equipment wear and tear patterns to predict maintenance requirements. It can also identify manufacturing defects such as scratches or flaws, welding defects in automotive components, part dimensions and volumes to ensure quality control, surface defects related to painting, tire patterns to match with wheels, and objects for robotic guidance and automation.
Smart maintenance systems analyze multiple variables and provide a comprehensive overview, which can benefit several stakeholders in the automotive industry. These stakeholders range from vehicle manufacturing factories and the supply chain to service and dealerships, rental companies, insurance companies, and drivers.
Below, we have outlined the primary benefits that these stakeholders can enjoy. In the OEMs section, we have provided examples of specific implementations and case studies from the market.
Fleet health monitoring and better prediction of the service time
Managing service and repairs for a large number of vehicles can be costly and time-consuming for rental companies. When vehicles break down or are out of service while in the possession of customers, it can negatively impact the company’s revenue. To prevent this, car rental companies need constant insight into the condition of their vehicles and the ability to predict necessary maintenance. This allows them to manage their service plan more efficiently and minimize the risk of vehicle failure while on the road.
Reducing breakdown scenarios
Car dealerships use predictive maintenance primarily to anticipate mechanical issues before they develop into serious problems. This approach helps in ensuring that vehicles sold or serviced by them are in optimal condition, which aids in preventing breakdowns or major faults for the customer down the line. By analyzing data from the vehicle's onboard sensors and historical maintenance records, dealerships can identify patterns that signify potential future failures. Predictive maintenance also benefits dealerships by allowing for proactive communication with vehicle owners, reducing breakdown scenarios, and enhancing customer satisfaction
Peace of mind
Periodic maintenance recommendations for vehicles are traditionally based on analyzing historical data from a large population of vehicle owners. However, each vehicle is used differently and could benefit from a tailored maintenance approach. Vehicles with high mileage or heavy usage should undergo more frequent oil changes than those that are used less frequently. By monitoring the actual vehicle condition and wear, owners can ensure that their vehicles are always at 100% and can better manage and plan for maintenance expenses.
Risk & fraud
By using data from smart maintenance systems, insurance companies can enhance their risk modeling. The analysis of this data allows insurers to identify the assets that are at higher risk of requiring maintenance or replacement and adjust their premiums accordingly. In addition, smart maintenance systems can detect any instances of tampering with the equipment or negligence in maintenance. This can aid insurers in recognizing fraudulent claims.
The German brand implements various predictive maintenance tools and technologies, such as sensors, data analytics, and artificial intelligence, to prevent production downtime, promote sustainability, and ensure efficient resource utilization in its global manufacturing network. These innovative, cloud-based solutions are playing a vital role in enhancing their manufacturing processes and improving overall productivity.
The BMW Group's approach involves:
Meanwhile, it should be taken into account that in BMW's body and paint shop alone, welding guns perform some 15,000 spot welds per day. At the BMW Group's plant in Regensburg, the conveyor systems' control units run 24/7. So any downtime is a huge loss.
→ SOURCE case study.
Predictive vehicle maintenance is one of the benefits offered to drivers and automotive service providers as part of Ford's partnerships with CARUSO and HIGH MOBILITY. In late 2020, Ford announced two new connected car agreements to potentially enable vehicle owners to benefit from a personalized third-party offer.
CARUSO and HIGH MOBILITY will function as an online data platform that is completely independent of Ford and allows third-party service providers secure and compliant access to vehicle-generated data. This access will, in turn, enable third-party providers to create personalized services for Ford vehicle owners. This will enable drivers to benefit from smarter insurance, technical maintenance and roadside recovery.
Sharing vehicle data (warning codes, GPS location, etc.) via an open platform is expected to be a way to maintain competitiveness in the connected mobility market.
→ SOURCE case study.
An effective PdM system means less time spent on equipment maintenance, saving on spare parts, eliminating unplanned downtime and improved management of company resources. And with that comes more efficient production and customers’ and employees’ satisfaction.
As the data shows, organizations that have implemented a PdM system report an average decrease of 55% in unplanned equipment failures. Another upside is that, compared to other connected car systems (such as infotainment systems), PdM is relatively easy to monetize. Data here can remain anonymous, and all parties involved in the production and operation of the vehicle reap the benefits.
Organizations have come to recognize the hefty returns on investment provided by predictive maintenance solutions and have thus adopted it on a global scale. According to Market Research Future, the global Predictive Maintenance market is projected to grow to 111.30 billion by 2030 , suggesting that further growth is possible in the future.
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