Since 2016, there has been a drastic evolution in the automotive industry. Gone are the days of the old fashioned vehicles. Four-wheelers now need more than the basic features, and there must be advanced features in the transports like the big data, cloud computing, and other technological characteristics. So manufacturers have to come up with different innovative ideas to make better models. Each model must have some additional feature than the last one. It is possible to optimize mechanical pars individually. This has opened up a new horizon for the manufacturers.
Insurance based on use
The connectivity wave got its source from the Internet of Things. It has its influence on almost every industrial sectors. The platform has now become a commonplace to connect the insurers of different areas like property, motor, health, and so on. The IoT data is aiding in the assessment of risk factors, policies for pricing, and estimating the insurance amounts. As car insurance will take into consideration numerous factors, the premium calculation will be based on the use of the car. As per the present trends in Australian automotive industry, the increasing awareness programs offer safe driving is helping in reduction of the insurance payout amounts.
Use of artificial intelligence
The automotive industry is also utilizing the artificial intelligence technique for the automation of various activities while driving. For instance, when you back your car, you can get the entire rear view on the screen in front of you. Also, the voice assistant will continuously update you about objects present behind the car. The use of such artificial intelligence is among the latest Australian automotive industrytrends. It helps to prevent collisions, reduce the volume of emission and aids in parking management. There is also the option to connect your phone to the control panel. So to receive any urgent call, you can simply talk just as you do with the person who is seating at the next seat.
With the help of wireless technology, you can now literally exchange all information from the vehicle to everything. Any entity that comes in contact within your car can fetch the necessary information, and the information will also be there on the cloud as your virtual hard disk. There will be proper assistance for a lane change, and authoritative guide to help you with rollover warning. The warning is also essential to prevent accidents. The smart technology can identify any obstacle.