Did You Know ? There are more than 9 billion connected devices in-use around the world . That number is expected to triple within the next ten years .
AT A GLANCE By 2020 , there will be 250 million connected vehicles with the following capabilities :
> > Telematics — The science of transmitting data over great distances , used for safety and security
> > Advanced Driver Assistance Systems ( ADAS )— Accident avoidance and driving efficiency tools
> > Interactive Screens — Navigation , satellite radio , traffic , and weather
> > Well-being — Senses driver fatigue and sends electronic alerts
> > Autonomous Driving — The self-parking car
Consider how the automotive industry is embracing connectivity and new technology trends to stay relevant . Evaluate how your company ’ s business processes and technology capabilities might benefit through expansion — answering the growing call for connectivity .
Reach Your Connectivity
Potential through Updated IT Systems
As technology continues to evolve at warp speed , companies are noticing another changing trend : the increased demand of connectivity for everyday objects to send and receive data , also known as the Internet of Things ( IoT ). Staying competitive depends upon more than creating the latest gadget . It also means providing a way to connect that device to phones , tablets , security systems , cloud platforms , and networks .
Industries are responding . Cisco Systems , Inc ., the multinational technology company , recently announced the purchase of Jasper Technologies , a leader in object connectivity , in order to move to a more automated , connected service offering for their billions of internet-connected devices . Even automotive brands like Jaguar Land Rover are making connectivity a central element of new vehicle development , averaging around $ 18.9 billion in investments over the last 6 years .
Not all companies have the liquid assets on-hand to make such massive investments . Nevertheless , evolution is still needed to stay competitive . Begin updating your systems and IT capabilities to keep up with the growing demand for connectivity by taking these three steps :
1
Merge operations and IT departments . Promoting departmental integration ensures that data can be easily accessed and shared among specialties — promoting teamwork for the thorough testing of connection speed as well as effectiveness of new network applications .
2
Understand connectivity limits . If you ’ re making the move to greater levels of connectivity speed , keep in mind that hundreds — even thousands — of devices and applications can be connected to a single wireless network at the same time . That knowledge can help you decide whether your existing technology network is equipped to handle current traffic and usage levels — or whether it ’ s time to develop new networks .
3
Partner with established organizations who have influence and resources . Universities , research institutions , and regulatory agencies provide a wealth of knowledge surrounding the latest technology trends . These institutions also have the resources to create new industry standards , and the personnel to integrate systems for testing and support of future initiatives .
Looking to update your existing systems ? Call your relationship manager to discuss financing options today : 855.274.2800 .
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10 | SNB . COM // CONNECT TECHNOLOGY FALL 2016