Ennovasys announces the launch of its cloud-based Connected Cars solution

CHENNAI, India - March 26, 2015 - PRLog -- Ennovasys, a leading player in the Internet of Things (IoT) space has launched their Connected Cars solution on the cloud.

Connected Cars is all about seamless interconnectivity as part of the recent technological trend towards IoT and smart devices, wherein much of the information related to a car’s overall health is collected from a GPS device connected to the car’s OBD (On Board Diagnostics) port and provides timely alerts to the owner/user.

With a robust solution that has been developed using field-level data and in partnership with a major IoT player for a joint Go-To-Market strategy, Ennovasys is well positioned to garner significant customer wins using its business model of partnering with large Systems Integration (SI) companies in different geographies.

How it Works

Transmits data from the vehicle (captured from GPS, accelerometers, magnetometers or in-vehicle sensors)

Captures environmentally relevant real-time transportation data and uses this data to create actionable information to support and facilitate transportation

On-board equipment suggests to vehicle owners on how to optimize the vehicle's operation and maintenance for maximum fuel efficiency

Incorporates embedded fleet management features

Cutting Edge Technology

Enterprise Class State-of-the-art Dashboard Driven Windows 8 Surface Interface

Completely offered on the Cloud (both Public and Private) and as Installed Version

Can be implemented at Dealer Level (Fleet Management) or at an Individual Level

Applicable Markets

Automotive OEMs and/or After-market Dealerships

Insurance Companies (using Data Analytics obtained from hardware and software)

Car Rental Companies, Radio-taxi Operators and Tourist/Travel Cab Service Firms

Do-It-Yourself (DIY) Car Owners and Individuals who order directly online

Works in all the five areas of the Connected Cars space comprising:

·         Vehicle Management

·         Customer Management

·         Fleet Management

·         Safety and Security

·         Usage Based Insurance

Benefits to the Customer:

·         Optimizing efficiency of a high value asset

·         Ability to increase car performance and consequently, lifetime value

·         Monitoring daily or frequent use progress

·         Ability to get real-time data on the car’s health in terms of engine performance, predicting engine failure, fuel efficiency etc.

·         Analysis of Fuel Consumption and Driving Patterns to reduce insurance premiums

·         Ability to increase car performance and consequently, lifetime value

·         Improving safety of the car and occupants by preventing accidents/collisions

·         Offering various services directly to the consumer, by providing infotainment in the long run

Benefits to the Insurance Provider:

·       Getting new business, impacting both the topline and the bottomline

·       Better customer acquisition and improved stickiness

·       Even with reduced premium, ability to increase the volume of sales and overall margins, as payouts will be less

·       Providing visibility of the insured car on a continuous basis that positively impacts asset lifetime and has a bearing on insurance payouts

Benefits to the Automotive Manufacturer/OEM:

       Real-time performance data on various car models as well as driver behavior obtained which can feed into the design and R&D decision-making processes to effect improvements in safety, efficiency and comfort

       Product improvisations possible on the fly using SOTA (Software Over The Air) and FOTA (Firmware Over The Air) upgrades in the future

Benefits to the Car Dealer:

       New business models driving revenues such as roadside assistance, discounted deals etc.

       Can partner with other vendors to offer value to customers, thus increasing touch-points

       Plan schedules for routine maintenance, thereby saving time for themselves and their customers

       Ability for integration with vendors/suppliers for inventory management and increase visibility of available spare parts for repair

CONNECTED CARS DEVICE

Along with the Connected Cars cloud-based software application, Ennovasys also offers the interface device that directly plugs into the car’s OBD port, thus offering an integrated solution to all stakeholders of the automotive ecosystem.

Features

·         Ennovasys has designed and developed hardware for the OBD/CAN-BUS based GPS device

·         Enterprise level ready software offered along with the device for automotive OEMs, dealerships and fleet management companies

·         Plug and Play features supported by Cloud-based software for easy setup

Speaking on the occasion of the launch of the Connected Cars solution, Mr. Mukundan Krishnaswamy, President of the company said that robust features, seamless connectivity and intuitive interface make their flagship product a compelling value proposition with proven business benefits, given the general complexity of deploying competing products in the marketplace.

He said that what separates Ennovasys' Connected Cars solution from many of the competitors' products is that it offers its hardware device with inbuilt connectivity and an integrated GPS, while many others rely on using a Bluetooth connection that typically needs a smartphone to take advantage of their more advanced features.

Mr. Mukundan Krishnaswamy also said the Connected Cars solution from Ennovasys cuts through the clutter of existing applications offered by other vendors, by providing a simpler path to initially experiencing the immediate benefits of deploying the Connected Cars solution with a clear ROI and graduating to using more advanced features at a later stage.

With future enhancements to the solution comprising building out the network in terms of social media integration and finally towards platform creation enabling other developers and vendors to create content-rich offerings and value-added services, Ennovasys will play the role of an enabler of a sophisticated ecosystem of stakeholders who can all benefit from the data and insights obtained from the Connected Cars platform.

Ennovasys actively seeks partners and system integrators who are willing to co-brand and jointly offer its Connected Cars solution to their customers in the automotive industry.

For partnership opportunities or to obtain more information on the Connected Cars solution from Ennovasys, please get in touch with Mugund at mugund@ennovasys.com.

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