Telematics 2.0 is the name for IoT-based

telematics Telematics is an interdisciplinary field encompassing telecommunications, vehicular technologies (road transport, road safety, etc.), electrical engineering (sensors, instrumentation, wireless communications, etc.), and computer science (multimedi ...

technology for the

automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % su ...

. Telematics 2.0 utilises smartphone based sensors rather than black-box devices used in the traditional

PAYD Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, b ...

insurance industry. Telematics 2.0 solutions hit the consumer market in 2012/3 with solutions being offered by leading auto insurers such as AIG and AssetFENCE in the US. A commercial pilot of SafeDrive was run 2013 in Sweden, where the shortcomings of the smartphone as measurement probe were handled by digital signal processing.''Smartphone-Based Measurement Systems for Road Vehicle Traffic Monitoring and Usage-Based Insurance'', P. Händel, J. Ohlsson, M. Ohlsson, I. Skog, and E. Nygren, IEEE SYSTEMS JOURNAL

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References

Vehicle insurance {{finance-stub