One of the hot products at CES this year was the Davis CarChip Pro. The CarChip is a small device that collects and stores driving-related data about your vehicle. The device is small (about the size of a key fob) that acts much like the “little black box” on airplanes.
The device stores up to 300 hours of trip data that includes date, time, speed and distance, and extreme accelerating and braking details illustrated with reports and graphs.
The CarChip Pro installs easily; simply plug it in, drive, and then download the information.
The CarChip Pro retails at about $120.00 and comes in a personal-use or business model.
Why This Trend Is Growing
- Connected Car
- Explore opportunities in the connected car market by developing innovative data collection and analysis solutions.
- Telematics
- Leverage telematics technology to gather and analyze driving-related data for improved safety, fuel efficiency, and risk management.
- Behavioral Analytics
- Utilize behavioral analytics to gain insights into driver habits and preferences, enabling personalized services and targeted marketing.
Industries Being Reshaped
- Automotive
- The automotive industry can benefit from integrating advanced data collection devices and analytics to improve vehicle performance and customer experiences.
- Insurance
- Insurance companies can leverage driving behavior data to offer personalized premiums, assess risks more accurately, and enhance claims processes.
- Fleet Management
- Fleet management companies can optimize operations and reduce costs by implementing data-driven solutions to monitor vehicle performance and driver behavior.
