The Era of the Connected Car is Here
Over the coming years the connected car market is set to revolutionize the in-car experience for customers. Leading analysts predict there will be a quarter-billion connected vehicles on the road by 2020, and one in five vehicles on the road worldwide will have a wireless network connection. This growth presents a massive monetization and revenue opportunity for service providers to charge for every transaction in real-time.
Redknee’s real-time monetization platform supports service providers delivering connected car services, with real-time integrated charging, billing and customer care. The end-to-end solution manages the lifecycle of in-vehicle services, orders, customer data, billing accounts and more.
Monetizing the Connected Car
Redknee is working with leading providers like BMW to succeed in the connected car market and monetize new digital service offerings aligned to the evolving IoT. To effectively generate profitability, while keeping customers happy, service providers need an innovative solution that supports new business and subscription models. Redknee’s real-time monetization platform enables service providers to deliver innovative pricing strategies and tariffs, including tiered and dynamic, based on service, usage and location.
Empowering Customers with Enhanced Driveability
Understanding the customer and connecting to the products and services they want, when they want them, will lead to better retention, and opportunities to provide new value-added services customers are willing to pay for. It is anticipated that 80 % of all new vehicles will be connected to digital services by 2020. The rapid adoption of connected cars will see drivers demand the capability to purchase value-added services and access greater functionality, at a touch of a button. This can be achieved with Redknee’s real-time monetization platform - a scalable and secure system, delivering the agility and flexibility required to rate, charge and bill for digital services in this complex connected environment.
Features of Redknee’s Connected Car Solution:
- In-vehicle service charging and billing
- Real-time, innovative pricing and tariff controls
- Service order management
- Product catalogue application
- Customer data analytics
- Seamless integration into existing back-office systems
1 Gartner press release - Gartner Says By 2020, a Quarter Billion Connected Vehicles Will Enable New In -Vehicle Services and Automated Driving Capabilities