| Project Detail |
The world today is getting digitised and connected at a very fast pace where within a few years entire industries have been disrupted and transformed. In this context the automotive aftermarket is lagging, opening a huge opportunity to digitise and connect the sector. The average age of a car on the road is 10 years, with 92% all cars on the road not having online connectivity. Aftermarket experts predict Big Data and Advanced Analytics to become an indispensable asset in the future: as cars increasingly get connected, certain players like OEMs are gaining unfair competitive advantage and are positioned to create data and value silos, lowering competition and creating barriers. The losers will be the independent parts wholesalers and workshops, and car owners would not benefit from potential value of higher competition, quality and value creating by the connected car ecosystem.
New technologies and major shifts in the aftermarket industry will be game-changing factors that all players must react to remain competitive in the future. Additionally, new technologies can play a major role in levelling the playing field and opening up competition for all actors, ultimately benefitting the final customer, the car driver. But currently, there is a lack of comprehensive tools able to bridge connectivity between car drivers with the IAM.
PACE is the first manufacturer-independent data cloud and connected services platform that enables data-based and connectivity-enabled services in the Aftermarket – an open system that can connect all cars from as far back as 1996.
At the core of the PACE solution is the proprietary and highly secure PACE Cloud, with Big Data capabilities that collects, processes and analyses car and driver data. PACE Cloud connects the car to the Aftermarket, allowing the workshops to proactively engage with both the car and the car driver, drastically changing the dynamics and procedures which create huge new value in the market. |
