The trend towards autonomous vehicles – also known as self-driving cars – is a very popular topic in the media. However, there’s another transformation of the automotive industry that offers huge potential and is growing exponentially. The connected car market is growing at an annual growth rate of 45%. Three quarters of all cars shipped globally in 2020 will contain connection hardware.

Retailers are facing an increased competition by e-commerce. Amazon and other large online retailers continue to rapidly expand their market share. Last year, consumers worldwide spent over 3 billion more on online shopping than a decade ago. The need for an adaption towards a more digital and convenient model is imminent.

While conventional preventive machine maintenance is very statistics related (e.g. based on machine hours), unreliable and usually performed according to schedule whether it is needed or not. New technical solutions enable an early assessment of potential failures.