IMS launches Vehicle Data Exchange to provide complete connectivity service for accessing vehicle data
IMS, one of the world’s top three providers of connected car data solutions to insurers, mobility operators and governments, launched the IMS Vehicle Data Exchange, a new service which provides live, real-time access to vehicle insights and mobility data from OEM-embedded hardware and any aftermarket device, including the only one-stop solution for all aftermarket connectivity options.
Leasing, rental, and fleet companies grapple constantly with the cost and complexity involved in getting data from fleets with a diverse mixture of brands, models, and telemetry technology. Ultimately, spending too much time focused on building bespoke data access solutions can distract organizations from evolving the customer experience and negatively impact operational efficiencies.
Additionally, insurers need new insights about existing and prospective policyholders and are increasingly turning to vehicle and driving data, such as actual vehicle mileage and garaging locations, which can come directly from the vehicle or in combination with aftermarket data options.
For IMS customers, the Vehicle Data Exchange removes the complexity and resource burden of having to manage multiple aftermarket data collection sources and align multiple OEM partnerships. Instead, IMS customers get access to real-time telematics data from any data source, across any mixture of vehicles. Through the Vehicle Data Exchange, this data is intelligently aggregated, normalized, and enriched, then delivered securely via a single configurable interface, offering actionable insights that customers can operationalize instantly and easily.
Key features of the IMS Vehicle Data Exchange include:
Full connected vehicle insight and intelligence through real-time access to odometer (ODO) readings, trip data, vehicle health information, consumables, driving behavior, accident detection, claims management, and usage-based verification.
Compatibility with any light-, medium-, or heavy-duty vehicle and all vehicle data sources through IMS’ data-source agnostic model, providing full coverage for any multi-marque vehicle fleet.
OEM integration for the direct ingestion of embedded telemetry data, supporting major automotive brands such as Peugeot, Citroen, Vauxhall, BMW, Ford, Fiat, Jeep, Mercedes-Benz and many more.
One-stop solution for procuring all aftermarket data sources from IMS and any other prominent third-party brands, including OBD, J-Bus, professionally installed devices, smartphone applications, and other low-cost connectivity options.
End-to-end data accuracy and security through cleansing and normalization of data to ensure high fidelity, integrity, and precision across all data sources.
IMS lease and mobility customers in the UK and EU are currently benefitting from programs using the IMS Vehicle Data Exchange, and new customer programs are underway with insurance providers in North America.
IMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and analytics to insurers, mobility operators, OEMs, and governments. IMS is the developer of the cloud-based IMS DriveSync connected car platform which has received industry acclaim for its ability to offer customers a data source-agnostic, multi-device strategy through which a multitude of B2B and B2C propositions can be taken to market.