At first glance, factory or manufacturer warranties sound fairly straightforward. After purchase, the manufacturer will cover any repair and replacement costs for a certain period of time, such as five years and 500,000 miles for a vehicle or three years and 10,000 hours for a machine.
As the shift continues to an on-demand economy, travel and commuting are becoming more personal in nature. It's about creating your own system, using various modes, to reach your destination.
Usage-based insurance (UBI) paired with vehicle telematics is an evolutionary step over traditional risk rating methods for insurance underwriting.
The World Economic Forum defines the Fourth Industrial Revolution as "characterized by a fusion of technologies that is blurring the lines between the physical, digital and biological spheres."
The FMCSA ELD mandate went into effect in December 2017, and regular enforcement will begin April 1, 2018. With very few exceptions, truck drivers are subject to the FMCSA's Hours of Service (HOS) rule and must have either an Electronic Logging Device (ELD) or an automatic onboard recording device (AOBRD) installed.
Vehicle sharing has been around in some form for a long time, and now technology and demand have laid the foundation for a new service platform: Vehicle as a Service (VaaS). In urban areas where vehicles are used mainly for short trips, car and ride sharing subscription services use mobile apps to provide easy scheduling and access to vehicles.
The IoT industry is booming, and big data is major factor in that growth. You've invested in a connected solution for your business to operate it more efficiently and stay competitive.