What Exactly Is Telematics?The field of combining telecommunications with informatics to provide a new wave of services and applications is known as telematics. It is a fusion of the usually distinct fields of information technology and telecommunications. An article from Precedence Research indicates that the global market for vehicle telematics would reach US$ 441.5 billion by 2030, growing at a CAGR of 21.3% between 2021 and 2030. Initially, telematics was used to refer to the use of telecommunications for remote control of machines and other vehicles. Today, the term “telematics” is used to describe a vast array of software and services that combine telecommunications and IT. This covers everything from navigation and in-car entertainment systems to fleet management and healthcare. Various vehicle-based data, such as GPS, ELD, and IoT, are included in telematics and transferred for usage by business and supply chain systems.
How Exactly Does Telematics Function?Telematics is employed for the remote management and observation of automobiles. It comprises the collection and transmission of information on the location, speed, and status of the vehicle using a range of electronic devices, including GPS receivers, mobile phones, and in-car computers. Several uses of this technology include fleet tracking, asset tracking, and the recovery of stolen vehicles. Telematics has more recently been employed to offer driver assistance and safety features, such as automated collision notification and roadside assistance. Three primary parts commonly make up telematics systems. They are:
- A data collection device
- A data transmission device
- A data processing and management system