Innovation Series Summary

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   Through this month we looked at how four areas of innovation are dramatically changing automobiles: how they move, how they’re accessed, and how our experience in them is changing.  Specifically we looked at Vehicle Connectivity, Mobility Solutions, Fleet Electrification, and Autonomous vehicles.  All of these innovations are at least partially rolled out, but at the same time it is clear that there is an expectation of dramatic change in the next 5-10 years, where many of the items that are a novelty today will become at least a substantial minority, and in some cases potentially the dominant technology in place. I had the opportunity earlier this week to attend an excellent conference called AutoMobility LA – it occurs during the 4 days preceding the annual Los Angeles Auto Show.  The conference organizers did a great job of assembling excellent speakers and...
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Vehicle Connectivity

Vehicle Connectivity

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   In the initial article of this series "The More Things Change..." we set the stage for discussing the four major innovations in automotive - either manufacturing, usage, or both - that are in development now and have been rolled out only in the early stages or to a small amount of the overall market.  While each of the four innovations: Connected Cars, All-Electric Cars, Car Sharing, and Self-Driving Cars, are generally independent of each other, vehicle connectivity is most important to achieving the other three innovations sooner, and is also the further along now, but there's still much more to come.   First and foremost, the "Internet of Things" (IoT) is the idea that every thing would be connected to the internet, and the common, and mundane, example then provided is that even your toaster will be connected to the internet (even...
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The More Things Change…

**This post contains affiliate links and the publisher may be compensated if you make a purchase after clicking on these links.**   The "Internet Revolution" is now about 20 years in the making, dating back to the 1990's and overcoming a major hiccup in the dot-com crash in 2000. However, it picked up again as people recognized that the answer to everything humankind had accomplished until then wasn't equally suited to a stand-alone digital process.  Similarly, while more and more businesses are striking a better balance of how connected tools can facilitate, not replace, an existing process, it's important to recognize that the internet changes almost everything.   Since the second largest line item in many family's budget (after housing) is the money spent on vehicles, it's important to keep in mind what is (and what isn't) changing, since any lease agreement includes some bit of future forecasting.  While the lessor needs to do most of this forecasting in order to set the...
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