telematics new developments & usage
TRANSCRIPT
2
Flow of discussion
Indian Automobile Industry
Indian Infrastructure
Challenges
Telematics – Introduction
Telematics Device
Smart Phone Technology
Benefits of Telematics
Fleet Telematics
Telematics Insurance
Global & Indian Market Scenario
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Indian Automobile Market – Sales Trend
0.00
5.00
10.00
15.00
20.00
25.00
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Nos.
in M
illion
Financial Years
Automobile Domestic Sales Trend
14%
3%
4%
79%
Domestic Sales Trend 2015-16
Passenger Vehicles
Commercial Vehicles
Three Wheelers
Two Wheelers
Indian Automobile Industry
Sales has increased from 15 to 20.40 Million in the last 5 years
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Indian Infrastructure
Indian Roadways network is the second largest in the World next only to USA
Due to the rapid growth of population and theburgeoning middle class, infrastructure isconstantly on the rise in Indiawith new roadsnew bridgesnew flyovers being built all over and all thetime
Indian Road Network
Type Length (km)
State Highways 128,000
Expressways National Highways 66,754
Rural and other Roads 2,650,000
Important district roads 470,000
Total (approximate figures) 3,314,754
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Challenges - Theft
•A Vehicle is stolen every 13 minutes in Delhi•MV thefts make up fifth of all IPC crimes reported in Delhi
Source: Ministry of Road Transport Authorities and Highway
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Avoiding Theft
•Use Stickers which says my Car is Protected
http://indpaedia.com/ind/index.php/Automobile_thefts:_India
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Consequence of stolen vehicles
Loss of wealth to the country and the vehicle owners
Parts will be sold illegally
Stolen Cars are used to commit Crimes
Financiers are not able to recover their dues
Every year Rs.2000/- Crores (approx.) worth of theft claims are settled by Insurance Companies. So, they are forced to increase premium to off-set loss.
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Challenges – Road Accidents
Road Accidents Road Accidents
1214 road crashes occur every day in India
Two wheelers account for 25% of total road crash deaths
20 children under the age of 14 die every day due to road crashes in the country
377 people die every day, equivalent to a jumbo jet crashing every day
Two people die every hour in Uttar Pradesh –State with maximum number of road crash deaths
Tamil Nadu is the state with the maximum number of road crash injuries
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Some of the causes of Road Accidents
Use of Mobile Phones while driving
Over Speeding
Drunken Driving
Distractions to Driver
Red Light Jumping
Avoiding Safety Gears like Seat belts and Helmets
Non-adherence to lane driving and overtaking in a wrong manner
Main cause of accidents and crashes are due to
HUMAN ERRORS
Challenges – Road Accidents
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Telematics - Introduction
Almost everywhere the need for remote monitoring of risk was felt
Manufacturers can build Vehicles with Tracking Application & Devices
With embedded Features to facilitate
- Navigation
- Tracking
- Location based emergency services
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Telematics - Introduction
Emergence of technologies such as GPS and internet lead to emergence of Telematics
Solutions for tracking Vehicles and assets on the roads to bring in safety
Evolution of Telematics
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Telematics - Introduction
Telecommunications Vehicular Technologies
Road Transportation Road Safety
Electrical Engineering Computer Science
Telematics encompasses
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Telematics - Introduction
Telematics is a combination of telecommunications and informatics
Telematics makes vehicle Safer
Telematics keeps the vehicle from getting lost
Vehicles are fitted with Telematics device to analyse driver’s behaviour
Driving information on braking, Acceleration, Distance Travelled, Speed etc are obtained
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Telematics Device
• Where & when the customer drives and the type of Road
GPS System
• Impact on the Vehicle – from braking to accident
Monitor Censor
• Sends the information to database
Sim Card
• Controls how the information is analysed and transmitted
Computer Software
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Telematics Device
Telematics box (device) measures how a driver handles his Vehicle
Taking breaks in long Journey
Speed @ which customer drives
Brake or accelerate sharply
The time day/night of driving
Motor Way Miles, Total Mileage & No. of Journey
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Smart phone Technology
Two-thirds worldwide use the internet, but fewer do in Africa and South Asia
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Smart phone Technology
Through censors inside the driver’s mobile phone, actual driving behaviour can be gathered
Simple factors – distance / Mile to sophisticated factors such as whether smart Phone belongs to the driver can be obtained
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App also gives specific feedback to drivers on how to improve which could lead to fewer accidents
When location data and driving behaviour are analyzed, the software can determine whether the customer is behind the wheel.
Tracking apps can also detect texting or talking on the phone while driving
Technology difference provides insurance claims management and roadside assistance service
Smart Phone Technology
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Most accurate dataMost accurate
Analytics
Access to real-time information about customers’ driving
habit
Sophisticated information whether
the smart phone belongs to customer
Smart Phone Technology
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Smart Phone Technology
GNSS (Global Navigation Satellite system)
• A cellular network assisted GNSS receiver will typically provide measurements of position, speed & course within seconds after start up
IMU (Inertial measurement unit)
• The IMU provides measurements of specific force and angular velocity obtained from a three-axis accelerometer and a three-axis gyroscope, respectively
GNSS and IMU measurements are often fused in a GNSS-aided inertial navigation system (INS)
Primary information Sources
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Benefits – Manufacturer (OEM)
Performance of Key-parts can be measured against metrics
Improve Customer Service
Can monitor over-all performance of products
Increase in sale of sophisticated Vehicles
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Benefits - Customers
Better Road Assistance
Increased Productivity of Vehicles
Benefits like reduction in Insurance premium
Enhances Security as it works like a tracker of the vehicle
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Benefits - Insurers
Reduce Customer Acquisition cost
Reduce Claim Costs and Fraud
Increase Customers Loyalty
MOTIVATE
RETAIN
REWARD
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Fleet Telematics
Monitoring of
• Location
• Movement
• Status
• Behaviour of Vehicle within Fleet
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Fleet Telematics
Safety
Gauging Maintenance
Eliminate Idling
Keep tracking of Vehicles
Improving routing
SOURCE: Press release; Company websites
Sharp
turns
Accele-
ration77% 63%
Braking 77%Time of
driving79%
Miles
driven100% Speeding 84%
Disengage-
ment of
device
47%Vehicle
diagnos-
tics
47%
Routes
used42%Location 43%
Telematics enables collection of a rich set of data, that is being used to mine for valuable insights
Carriers are collecting a rich set of driving data and learning from it
Sharp turnsAccele-ration
BrakingTime of driving
Miles driven Speeding
Disengage-ment of device
Vehicle diagnostics
Routes usedLocation
Fleet Telematics
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Telematics Insurance
Insurers can offer innovative products to
Manufacturers For built-in Telematics
CustomersThrough tie-up with Telematics Service providers
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Global Market
Commercial Telematics Market is expected to garner $49.12 billion by 2020, registering a CAGR of 18.4 %
during the forecast period 2014-2020
In certain economies like Brazil and China, the government legislations mandate the adoption of
telematics given the rising concern of vehicle tracking, safety and security
Asia-Pacific as well is forecast to be one of the most lucrative markets, in terms of growth given the supportive government regulations and the growing automotive market
Global Automotive Telematics Market is expected to attain a market size of $124.3 billion by 2022
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In summary, telematics offers OEMs and Insurers an industry shaping partnership opportunity
▪ Automotive industry can enhance information and technology present in the car to provide additional service and higher protection to vehicle owners Telematics based
Usage Based Insurance (UBI)
productsInsurance industry
▪ Insurers are keen to offer innovative products
▪ Can reduce premium rate based on loss experience
▪ Differentiate customers based on usage
E
Insurance industryA
Technology providersD
▪ Technology providers will be in a position to sell products with innovative features to the vehicle owners through OEM at reduced cost due to higher volume of sales
RegulationC
▪ Government and police authorities will be able to monitor movement of vehicles and terrorist / illegal activities can be curbed
▪ Stolen vehicles can also be traced and national waste can be avoided
CustomersB
▪ Customers will be more satisfied with owning and usage of high-tech vehicles giving protection to it and the users
Automotive industry