Car Data Monetization: New Opportunity that Creates New Customer Benefits

As more and more cars are becoming connected, generating enormous amounts of connected car data and its monetization is rapidly becoming a critical part of automobile and transportation systems creating new value pools. Ericsson estimates the total number of connected cars in operation will rise to more than 500 million by 2025, projecting USD 219.21 billion by 2025.
It has become crucial for auto OEMs to collect, store, and analyze this data to generate actionable and valuable insights to secure the world of opportunities presented by this tech revolution.