THE INTERNET OF THINGS IN THE AUTOMOTIVE INDUSTRY AND CONCEPT OF SMART CAR

Abstract Modern society aims to have a more independent life. The open borders and possibility of easy relocation are influencing people’s habits to change their living place more often, with the idea of owning something big and expensive becoming less and less attractive. Thus, people are choosing to rent instead of buying property. To lease a car or to use carsharing is seemingly more attractive as people would like to be free from the headache surrounding the ownership of a car, such as parking, taxes, maintenance, insurance and etc. The following diploma thesis aims to analyze the possibility of using telematics data by global car manufacturers to get rid of old-fashion car insurance companies; specifically offering the insurance service as an additional option to the leasing or purchasing of the car at dealer centers. Similarly, based on the introduction of the current abstract the target is to analyze and develop the concept of car sharing options and prices in the future. This will be achieved by utilizing the driving style information of the customer which is gathered via telematics sensors installed in the vehicles. For example, car renting businesses can use the model of The Social Credit System based on the telematics data gathered from the car and driving habits of consumers.