In the wake of COVID-19, almost 70% of organisations using cloud services say they plan to increase their cloud spending. This is creating a spike in the demand for cloud connectivity services and data worldwide. The need for international bandwidth is already more than doubling every two years, with internet growth increasing rapidly on all
The post Lumen launches new on-net subsea fibre route between U.S. and France appeared first on IoT Now News - How to run an IoT enabled business.
LexisNexis Risk Solutions, a data, analytics and technology provider for the insurance and automotive (OEM) industries, is working with Mercedes-Benz Connectivity Services GmbH to help the car maker’s customers across Europe benefit from personalised insurance products and programmes based on their vehicle’s advanced driver assistance systems (ADAS).
The aim of the agreement is to enable Mercedes-Benz customers to maximise the investment car owners have made in their vehicle’s ADAS, when they shop for insurance, by allowing the insurance sector to understand exactly how a vehicle is equipped, at the point of quote.
To this end, when a customer requests a quote for insurance and agrees to the processing of equipment-related information, LexisNexis Risk Solutions will check for the presence of ADAS features related to that specific vehicle via an API provided by Mercedes-Benz Connectivity Services GmbH so that this insight can be fed into the insurance market’s quoting systems.
As data protection is always given the highest priority by Mercedes-Benz Connectivity Services and by LexisNexis Risk Solutions, the organisations have implemented the appropriate mechanisms and processes to protect the customer’s privacy when processing the vehicle’s features’ information.
LexisNexis Risk Solutions, headquartered in metro Atlanta, Georgia, will normalise and provide the outcome from the OEM data to insurance providers in a secure and compliant manner, delivered through its LexisNexis Vehicle Build solution.
“The ADAS features included in new cars have been linked to reducing accidents, and those ADAS options are more frequently purchased,” says Howard Abbey, autonomous car specialist at SBD Automotive. “However, wide differences in ADAS naming has made it difficult for consumers and the industry to correctly equate systems from different OEMs. This makes it difficult for insurance providers to give the correct risk reduction savings to owners of vehicles with ADAS.”
LexisNexis Vehicle Build harnesses the company’s proprietary ADAS Classification System, which simplifies the myriad names and capabilities of ADAS from all car makers. The company aggregates and normalises the data, offering more specific ADAS data than available by VIN alone. Vehicle Build confirms the availability of ADAS at a VIN level and has been tested by insurers across Europe over several millions of vehicles and claims.
The new agreement underlines the power of advancing vehicle safety features in delivering more personalised insurance services to consumers based on vehicle-centric data. According to SBD Automotive, across Europe, the average number of ADAS features offered on a given new model increased from 4.2 in 2017 to 7.1 in 2020. LexisNexis internal research shows that beyond number of features, the type and combination of ADAS features can provide greater precision in managing insurance risk.
Sherezad Rehmann, senior director of European connected car, LexisNexis Risk Solutions, says, “Mercedes-Benz Connectivity Services GmbH understands the huge potential vehicle-centric data holds for more personalised insurance cover, safer driving and to incentivise investment in ADAS.
We know ADAS can reduce claims frequency and, as we gather more claims data from the insurance market, that insight can help with pricing and driving further investment in ADAS development. Mercedes-Benz Connectivity Services GmbH is a leader in understanding how these insights can benefit its vehicle owners and is working with us during this pivotal moment in the evolution of motor insurance using connected car and vehicle build data.”
“We have purposefully and mindfully created a bridge between car makers and the insurance market, building on our 30-year history in managing consumer data. Thanks to expertise and direct links with the insurance sector, consumers will soon be able to shop for insurance in a whole new and empowering way.”
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
The post Europe’s car owners can cut ownership cost as LexisNexis and Mercedes-Benz team up appeared first on IoT Now Transport.
neXat the satellite industry’s connectivity capacity aggregator is now available to the maritime sector, opening the door for maritime connectivity services providers to new markets and the monetiSation of payment and management services.
neXat is a cloud-based, virtual OSS/BSS that also operates as a satellite aggregation platform, acting as a connectivity broker connecting teleports with regional services providers that operate in the maritime sector.
The new services from SatADSL‘s flagship platform will serve both the commercial shipping industry as well as the leisure boating sector. The commercial shipping industry can now connect to the neXat platform to access satellite capacity in the Atlantic and Pacific Oceans, the Caribbean, the Mediterranean, the Black Sea, the coasts of Africa, and most parts of Asia. This means that connectivity providers to the maritime sector can operate and attract new customers in new geographical markets.
“Our neXat platform has already made waves in the broader satellite connectivity industry, disrupting a traditional and conservative landscape. With the continual expansion of our coverage areas and development of new services in our platform, it’s time for neXat to mark its territory in the mobility sector as a unique and emergent route to untapped markets and monetiSed services in the growing maritime connectivity market”, saysSVP of business development Guillermo Bosch at SatADSL.
The neXat platform provides unrivalled satellite connectivity, offering multi-beam services to vendor-agnostic maritime VSAT antennas ensuring round the clock connectivity and the highest service availability. This high-performance multi-beam service architecture is made available thanks to new interface protocols that ensure seamless handoff between satellites.
For the private and leisure boating industry, SatADSL now offers in EMEA unique pre-paid voucher services via neXat as an affordable connectivity option for boats of any size featuring antennas as small as 60cm in diameter.
The prepaid vouchers sold to boat or yacht users by local services providers and systems integrators that are specialised in the maritime sector gives seafarers satellite-based internet capacity that includes full automatisation of electronic payment. It allows private boat owners the opportunity to add internet capacity for the boating season, for example, giving them the ability to fit their data use to their needs.
“Internet access is vital across today’s mobility markets, with customers expecting decent coverage no matter their location. Out at sea, there’s a market for connectivity for passenger welfare and on-board entertainment neXat’s coverage and services enable maritime connectivity service providers to meet the needs of their customers, providing affordable and easily accessible internet services,” added Mr. Bosch.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
The post neXat navigates new route to maritime prosperity for connectivity providers appeared first on IoT Now Transport.
In the first half of 2021, ransomware attacks skyrocketed, eclipsing the entire volume for 2020 in only six months. This is according to the mid-year update to the 2021 SonicWall Cyber Threat Report published. In a new paradigm for cybercrime, SonicWall is analysing how threat actors are using any means possible to further their malicious intents. With high-profile
The post Record 304.7mn ransomware attacks eclipse 2020 global total in 6 months appeared first on IoT Now News - How to run an IoT enabled business.
The global smart transportation market was valued at US$57.9 billion (€48.74 billion) in 2018 and is expected to reach US$191.3 billion (€161.03 billion) in 2026, growing at a compound annual growth rate (CAGR) of 16.4% during the forecast period.
Rising population demands, increased safety and convenience, are some of major benefits offered by smart transportation which are driving the growth of the smart transportation market globally.
The European Union provided a definition of smart transportation as, “a system in which information and communication technologies are applied in the field of road transport, including infrastructure, vehicles, and users, and in traffic management and mobility management, as well as for interfaces with other modes of transport.”
High-speed internet connectivity owing to 5G networks is enabling smart transportation technologies to develop a wide range of solutions. Moreover, the availability of cloud services is allowing flexible solutions to be delivered.
Smart Transportation Market report covers all the aspects related to this industry with primary development trends of the market, over the forecast period (2021-2026). The report provides a comprehensive analysis of all regional and key player segments providing closer insights into current industry conditions and future market opportunities.
The segmentation of the smart transportation market has been offered based on product type, application, Major Key Players, and region. Every segment has been analysed in detail, and data pertaining to the growth of each segment has been included in the analysis
The top players Listed in the market
Smart transportation market report split into
The market is segmented based on applications
Smart transportation is increasingly being adopted to accommodate the needs of ever-increasing urban demographics. The growing emphasis on developing smart cities is propelling the demand for smart transportation which is an integral part of such projects.
Moreover, the development of transportation infrastructure is accommodating the application of smart transportation. Increasing government regulations and supportive initiatives are key driving factors for the development of smart transportation systems market.
According to the global status report on road safety 2018 by World Health Organization in December 2018, quoted that there are more than 1.35 million deaths annually owing to road traffic accidents which have now become the leading death cause of people aged 5-29 years.
Considering the current scenario, there are more than half the world’s urban population exist in Asia, primarily in India and China who have nearly about a billion people living in urban areas.
On the other hand, North America and Europe have comparatively high population residing in major cities. Developing economy of India and China as well as matured western markets are fuelling the growth of smart transportation system industry globally. Nonetheless, the lack of skilled professionals is one of the key restraining factors.
Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow
The post Smart transportation market growth due to rising population demands, increased safety and convenience appeared first on IoT Now Transport.
oneM2M is currently finalising a set of specifications for Release 4 of the standard while conducting parallel work on features to include in Release 5. Some of the new features under discussion include the topics of AI for Internet of Things (IoT) systems, tools for data licensing and, controls to guarantee adherence to privacy regulation
The post oneM2M invites contributions on future roadmap for standards based IoT systems appeared first on IoT Now News - How to run an IoT enabled business.
Nokia, Qualcomm Technologies, Inc. and UScellular have achieved a world record extended range over mmWave of more than 10km utilising its 5G extended-range millimetre Wave (mmWave) solution on a commercial network. This paves the way to bring extended range 5G service with massive capacity and low latency to even more regions across the U.S., including rural areas.
The post Rural digital divide tackled as Nokia, Qualcomm and UScellular hit extended-range 5G record over mmWave appeared first on IoT Now News - How to run an IoT enabled business.
As hospitality’s doors finally reopen, the sector is quickly getting a sense of the evolved “digital-first” world in which it’s now operating. The past year has seen a significant step change in the adoption of technology and digital services, but while some hospitality businesses were able to welcome online models, huge swathes of the industry
The post Hospitality organisations must accelerate digital transformation to secure long-term recovery appeared first on IoT Now News - How to run an IoT enabled business.