January 24, 2021

Transformation

Cloud technology has improved many aspects of modern life. Cloud computing has transformed the functioning of multiple industries driving innovation and growing the pace of business continuity. The automotive cloud-based solutions market is estimated to touch USD 66.95 billion revenue, at a CAGR of 19.88% by 2022. Industry backboned by the cloud has its own virtue. Cloud plays a major role in connected cars, autonomous driving, shared mobility, deeper customer insights, and digital manufacturing.

Let us see how cloud based automotive solutions revolutionizes the industry.

Vehicles manufactured nowadays are not less than a supercomputer – generating a whole lot of data coming from the plenty of sensors installed on the vehicle to receive real time alerts/information about the tire pressure, GPS, temperature, and many more. This data can be run-time stored in the cloud and later can be used in the purpose of Telematics, Infotainment System or Vehicle Health Display, Advanced Driver Assistance System (ADAS), and Mobility Services.

Autonomous driving or self-driving vehicles can be simply considered as a robot-vehicle which is capable of driving the vehicle on its own without or least human intervention. Sensing out the live running environment – making use of the super artificial intelligence algorithms, Advanced Driver Assistance System yielding combined sensors data and real time HD maps can make a safer and pleasant experience for both the driver and the passengers traveling in the vehicle.

However, this complex system needs to be validated and tested rigorously, both on the roads and on complex simulation environments, or the OEM lines. The simulators being used here are cloud based as huge computational capabilities are required for the huge volumes of data to be transferred.

Shared mobility usually refers to a ride sharing solution wherein a transportation mode like car or bike is being shared among the users on need basis, thus helping reduce the carbon emission and ease of clogging on the roads. Cloud based applications based on shared mobility solutions can embed a map (Google Map or leaflet) that can provide live a navigation experience with live traffic updates or alternate routes, displaying routes with the least amount of traffic along with the estimated time to reach the destination. Also, algorithms can be written to send out the alerts to the drivers nearest to the customer, thus resulting in the reduction of the driver’s idle time and the customer’s wait time.

For automotive specific solutions, with a broad set of services – cloud technology provides any automotive company the power packed tools and services specialized in big data and analytics that are required to gather the best customer insights. With the help of the Query Engine as provided by the cloud, data can be ingested, stored, analyzed, and can be represented in the form of interactive dashboards, charts, and graphs that can help in understanding the analytical trends for manufacturing, supply chain, marketing, predictive QA, and customer behavior.

Automotive manufacturing with the mindset of digitization has started helping companies establish themselves as a top competitor

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The MarketWatch News Department was not involved in the creation of this content.


CENTREVILLE, Va., Nov. 19, 2020 /PRNewswire via COMTEX/ —
CENTREVILLE, Va., Nov. 19, 2020 /PRNewswire/ — Parsons Corporation (NYSE: PSN) announced today that the company has been selected to provide program management for the City and County of Denver’s Advanced Transportation and Congestion Management Technologies Deployment (ATCMTD) Connected Vehicle (CV) project. The company will oversee the data integration of Internet of Things devices at intersections and in city vehicles such as snowplows, improving situational awareness for drivers and operators of the Traffic Management Center (TMC).

“We share Denver’s view that the convergence of technology and innovation creates significant opportunity to improve daily life for its citizens,” said Tom Topolski, executive vice president, Connected Communities at Parsons. “Our experts have been deploying intelligent transportation solutions and smart city technologies for more than 30 years, and we look forward to working with Denver to ensure this deployment has the right technology to address traffic congestion and safety by connecting freight, fleet and pedestrians.”

The project includes technical project coordination, systems integration for the connected vehicle ecosystem, testing, deployment, cybersecurity and training for City and County of Denver personnel.

This work is part of a contract to provide numerous smart city solutions for the City and County of Denver’s Department of Transportation and Infrastructure, which aims to increase mobility and safety while reducing congestion and fighting climate change. The contract includes services ranging from systems engineering with agile development and intelligent systems to data systems and infrastructure, technical documentation and more.  

To learn more about Parsons’ Smart Cities expertise, visit Parsons.com/solutions/Connected-Communities/.

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com, and follow us on LinkedIn and Facebook to learn how we’re making an impact.

Media Contact:                                                        
Bernadette Miller
+1 980.253.9781
[email protected]

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
[email protected]

 

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SOURCE Parsons Corporation

COMTEX_374690784/2454/2020-11-19T07:30:35

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