On behalf of Statens vegvesen, co-financed by the CEF of the European Union, KPMG has conducted a research on data sharing in the automotive industry.
KPMG has conducted a research on data sharing in the automotive industry.
On behalf of Statens vegvesen, co-financed by the CEF of the European Union, KPMG has conducted a research on data sharing in the automotive industry. This study seeks to discover how ready the automotive industry are to share data with road authorities, which can be broken down into 4 groups of questions:
1. The value of data increases exponentially
The value of data is expected to reach USD 450 to 750 billion by 2030. This is driven by the use and can provide new opportunities in several different industries.
2. Car manufacturers are increasingly positive about sharing data
In 2019/2020, there was a change in their attitudes and several car manufacturers began to enter into agreements with third parties. Nevertheless, they have yet to experience successful uses for new revenue streams.
3. The authorities take an active role in enabling data sharing
In several European countries, authorities are taking a role in enabling data sharing, with the aim of improving traffic safety, traffic flow and sustainability. For example DGT 3.0, which is a connected vehicle platform in Spain, will support their zero vision: zero fatal accidents, zero injuries and zero emissions by 2050 - in line with the EU's Vision Zero.
4. Consortiums work with data sharing in the automotive industry
Several different consortia work with data sharing across different stakeholders, car manufacturers, authorities and technology companies. One of these is the Data Task Force, which since 2017 has worked to enable data sharing associated with Safety Related Traffic Information. Now they want to move on to also look at commercializing other data sharing.
5. Technology companies are taking a stronger position
Both start-ups and companies with a long tradition in the industry are taking an increasingly strong position in the automotive industry. These help enable data collection, data aggregation and data sharing in the industry, with several different approaches. Big Techs has also worked for a long time for entry into the industry, and is now starting to gain a foothold.