IoT…Bringing Automotive Back to the Future

The huge volume of wireless devices that IoT brings to the market, provide an opportunity for the Telecom Expense Management (TEM) market to play a big role in managing cost, inventory, and procurement. The Internet of Things (IoT) boom is rumbling right through the automotive industry. This next wave of IoT, presents a new generation of connected cars built on high performing and fully scalable platforms. The practical applications, which are ready to be implemented today, and future applications are endless. 
Roughly 95% of Americans own a motor vehicle and 85% of owners use one for commuting to and from work. Rampant changes in technology and automobiles, are improving the efficiency of motor vehicles at unpredictable rates. Global distributed cloud data centers are needed to secure two-way vehicle communication, scaling tens of millions of vehicles across the globe. This can be a daunting thought, but it’s here today– IoT is here to stay.
The huge volume of wireless devices that IoT brings to the market, provide an opportunity for the Telecom Expense Management (TEM) market to play a big role in managing cost, inventory, and procurement. AMI Strategies invoice and device management system allows any activity related to a corporate connected device, to be imported, audited, allocated, assigned, and approved, with visibility and accuracy. For example, Verizon’s Hum collects and detects data from fuel to economy to battery charge levels from motor vehicles, with the convenience of transmitting analytics to smart device. There’s a built in GPS detector to cover theft or emergencies. Hum, or other similar connected devices, detect data in real time and transmit it wirelessly.
AMI Strategies efficiently analyzes the processes by gathering different data variables from invoices and other sources- into AMI Strategies’ proprietary system, temNOW™. It manages assets throughout their entire life cycle. The key to temNOW’s™ value is the relational database that correlates procurement activity, invoices, contracts, general ledger codes, purchase orders and inventory. For more information, click here
 “Marty McFly: Hey, Doc, we better back up. We don’t have enough road to get up to 88. “
“Dr. Emmett Brown: Roads? Where we’re going, we don’t need roads.”