Market Research Blogs In Automotive & Transportation

Currently, the IoT industry has multiple operating standards and competing alliances to be formed between major companies, to push their preferred solutions into the industry. For instance, Open Interconnect Consortium (OIC) is an alliance, formed to develop interconnection standards for IoT devices.

There’s a reason that professionals have Monday Morning Blues, and it is not only because of going back to work after a couple of days off, but the journey that they have to make to reach their offices. Most use their own private vehicle to commute, where they have to keep their eyes peeled for traffic, while they may also have to exert unnecessary pressure on their throats to yell at reckless drivers. 

Many of us, when asked when we were young about what we wanted to be when we grew up, would have said ‘Pilot’, at one point or another. Even though only a miniscule percentage of that crowd go on to actually work towards that dream. Man has always had a fantasy of soaring through the skies, with his flight in his control. Admittedly, the technology has not become so evolved that man can fly whenever he wants, how he wants and wherever he wants, but a pilot manning a plane is also pretty close, wouldn’t you agree?

We all must have experienced, or at least seen commuters using some form of cards, or only their phones, to get access to mass transit vehicles, such as Metros. What exactly is that process, and how did the user avail the transport service without the hassle of buying tickets physically? That, friends, is the work of an Automated Fare Collection (AFC) system. The Automated Fare Collection system consists of automatic ticket vending, ticket checking, & gate machines. It is a smartcard-based contactless back-to-back solution for payments and fare collection.