PSA Peugeot Citroën and IBM announced a partnership to help various industries within the Internet of Things economy to analyze data to deliver new services from connected vehicles.
This entirely new ecosystem of connected services allows PSA, the European leader with the largest number of connected cars on the road, to develop new business opportunities for a variety of industries, including automotive distribution, smarter cities, and retail. For example, drivers and car passengers can benefit from new information improving the safety and the comfort of their mobility, while Smarter Cities can develop an advanced communication service that warns of roadwork, new traffic patterns or congestions right in the car.
The number of cars connected worldwide is expected to grow significantly to a quarter billion by 2020 1. Until now, however, most of the innovations available have primarily focused on smartphone apps, navigation and roadside assistance. IBM and PSA will share the responsibilities of developing, selling and marketing, as well as delivering and implementing these services with new and existing clients.
The companies are expanding their partnership announced last year to develop connected services for PSA vehicles by now enabling other industries and companies to propose new added values services in their vehicle.
The seven-year agreement will focus on commercializing services and building next-generation technical solutions necessary to deliver connected services. At the first Innovation Center in Paris, employees from both companies will co-create with clients to develop connected solutions that meet the unique needs of their business and customers.
These clients will benefit from constant interactivity with PSA cars to enhance their own business, adding new revenue streams and developing innovative economies. Drivers will also discover efficient and economical services to enhance their mobility experiences.