Technology Record - Issue 22: Autumn 2021

AUTOMOT I V E , MOB I L I T Y & T RANS POR TAT I ON 113 “There’s a lot of data that could be usefully shared, and it’s important that this is done in a consistent, coherent and affordable way” the potential to improve overall profitability beyond their core businesses. “Vehicle data has value, and many different people can make use of that data,” says Stenlake. “Insurers, for example, are willing to pay for data to enable usage-based insurance scenarios. Even customers might be willing to pay for data that shows the condition of their car. No one stake- holder has to pay a massive amount of money for this data, but the fact that you’ve got several of them and the fact that it’s continuous through the whole service life of the vehicle means that you are going to be able to monetise your con- nected vehicle service.” One of the most significant areas of growth in the field is in fleet management solutions. By monitoring connected vehicles within a fleet, these solutions can provide insights into their performance, deployment and maintenance. “Currently, fleet management solutions are used either in commercial or internal fleets,” says Stenlake. “They take telemetry data off the vehicle, and process that to provide insights on how the vehicles are being used and what their current state