Automotive giant Honda Motor announced that it will start selling data generated by smart vehicles, joining various rivals in a new industry predicted to be worth as much as $400 billion a year.
To gather data, smart cars are geared with cameras, lasers, and electric control units, turning the vehicles into moving sensors. This new technology aims to gather a whole range of data—from driving distances and speeds to entertainment content by vehicle users.
Armed with an estimated 3.7 million vehicles-worth of date, Honda has provided data to commercial facilities and clients. It first established the business of utilizing the data in 2017. But at the time, the automaker only transferred data on a limited basis. This time, the giant will put more resources into developing clients.
Source: Trend Micro