Selected by CIO Review as one of the Top 20 Most Promising Automotive Tech Solution Providers in 2014.
So why should we care? Automotive dealerships are among those companies realizing the potential benefits of big data. What’s more, they’re investing in solutions to help them collect and make sense of their data. These solutions include GPS-based telematics for tracking and managing vehicle collateral.
In the world of big data, though, you need a solution that does more than simply track the vehicle locations. You need a solution that captures a rich level of data then serves it up as easy-to-understand and -access business intelligence. Before you choose a GPS vehicle tracking or collateral management system, make sure that solution truly delivers the promise of big data.
Start by asking the solutions provider these key questions.
1. Is my data secure, and will you keep me in compliance?
Remember, you’re the one held responsible for ensuring the security and privacy of your customers’ data. So make sure your solutions provider helps you comply with federal guidelines. Questions to ask:
2. Will I have instant access to my data when I need it?
Your data’s no good to you unless you can access it. Look for a solutions provider who can guarantee service availability and continuity to ensure you’re continually connected to your vehicles and your information. Questions to ask:
3. Will you be able to keep up with my data demands?
Your solutions should grow with you. When you need to access more vehicle data, will the provider be able to accommodate this increase in demand without impacting service? Questions to ask:
4. Will you be able to respond to changes in the market and technology?
Data-mining technology is constantly evolving, along with the automotive finance industry. Will your provider be able to stay ahead of these changes and take advantage of new advancements? Questions to ask:
5. What will you do with all my data?
Your solution should not only be able to capture big data. It should be able to store, secure and manage your growing data — today, tomorrow and well into the future. You should also be able to leverage this data to make predictions so that you can plan accordingly. Questions to ask:
Big data does offer big bottom-line potential. To realize that potential, you’ll need a solutions provider who understands the value of big data, and how to put that data to work for you. At Spireon Automotive Solutions Group, we’re ready to answer all your questions, and deliver your big data as actionable intelligence you can use to grow your business.
Executive Vice President, Sales & Services Automotive Solutions