There are 78 million cars on the road with an embedded cyber connection, a feature that makes monitoring customers easier, according to ABI Research.
While privacy scandals periodically erupt in Silicon Valley, automakers have sought to differentiate their business models by ensuring privacy, according to James Hodgson, a senior analyst at ABI Research. “They want to sell cars and maintain a competitive advantage over the Googles and Apples of the world,” he said.
In 2016, the research firm Juniper identified Singapore, Barcelona, London, San Francisco and Oslo as cities at the forefront of the migration to smart technology. But there are hundreds if not thousands of smart city projects underway in both the industrial and the developing world, according to Dominique Bonte, VP of research at ABI Research. Economies are largely centered in cities so addressing the challenges faced by these swelling metropolises is the key to future economic growth, Bonte said. In fact, Bonte notes that cities that embrace the smart city paradigm can see between 2 to 5 percent of additional GDP growth.